No Credit Check Car Loan Are Largely a Scan And Have Been Replaced By Guaranteed Auto Finance

Just a few years ago it seemed much easier to get financing for a car. Well, the truth is that it was much easier. With the recession and financial crisis, credit requirements have changed. The days of no credit check car loans is virtually gone. Even if it?s advertised, it?s usually a scam and not for real. At best this has been replaced by the guaranteed auto finance which is a financing program based on a potential auto buyer having a steady job. Based on that job, a car is financed. Unfortunately, this can be expensive and in some cases even predatory. So if you are looking for competitive car financing rates or used car loans, don?t forget it all starts with your credit.

Good credit is the secret to good car financing rates. However, if you are one of the millions of Americans who don?t have very good credit, don?t get depressed. While it?s true that it is harder to get low rates today than it was several years ago, there?s also been tremendous growth in the number of companies who address used auto loans on the internet. Many of these companies are accustomed to working with poor credit. Before you go to a dealer or head to a used car lot, start your search on the internet. In the privacy of your home or office you can comparatively shop many offers. It won?t take you long to start locating those where you feel ?at home?. You can even get pre approved on line. This allows you to go to the dealer with your financing in hand which gives you a much stronger negotiating position.

So as things changes and some changes are for the better and some not, for those looking for competitive car financing rates, the changes on the internet have largely been positive. It?s rapidly becoming the favored place to get car financing.