How to get Car Financing with No Credit

If you have a history of bad credit getting used car financing can seem like a daunting task. Processing a car loans at a dealership is not something most people do every day, so it can often be very confusing. The used car loans company?s finance manager or dealer uses unfamiliar jargon, which mystifies the customer and sometimes makes him/her to commit to things he/she didn?t want to get into. Seasoned sales and marketing professionals call it ?putting someone under ether,? which is basically nothing but confusing the customer so much that he/she is unable to negotiate coherently.

People looking for poor credit car loans come to dealerships with a chip on their shoulder; they often think they are fortunate to get approval at all. This is what most dealers will try to make you believe. You will be reminded again and again just how poor your credit rating is, particularly when you are interrogated about every collection account you have had, and every late payment you have made. These techniques make most customers believe that they will never qualify for a car loans, whether it is used car financing or new car financing.

Contrary to what you may have figured, getting no credit car loans is mostly a piece of cake, particularly if you shop around for financing deals on your own. There are a number of lending networks that maintain a large database of potential guaranteed auto loan. Referring to such a database gives you more options and a chance to fix up low rate car loans, even if your credit history is nothing to write home about. In this kind of situation the customer, even a bad credit one, is king. You will have numerous lenders and dealers vying for your business, rather than groveling for a loan from some uppity dealer.