A high FICO/ credit score is one pre-qualification for obtaining an auto loan with low interest rate. People with low score have to opt for a bad credit auto loan. And if we take financial aspects into consideration then most of the automobiles purchased from such kind of loans are used cars. However there are new cars available in the market at affordable prices that also qualify for bad credit auto loan programs.

“Auto manufacturers such as Toyota, Hyundai, Ford, Chrysler and General Motors who are giants in the market are offering attractive incentives to their customers. These companies sell new cars and their models at affordable prices and also provide a new car warranty. Thus, if a person is going for a bad credit auto loan and buy these types of cars and enjoy the benefits of a new vehicle. An additional offer of up to $ 1000 will be given to customers who purchase specific models.”

Do you know why these big players are offering you discounts and bonuses? Obviously they want to increase their sales. This is the time when people can grab on to the opportunity and go for an auto loan.

Usually when you apply for auto loan or bad credit auto loan, you feel that you are also paying for the depreciated amount. It is said that when you drive your new car on road, its value is depreciated by 25 %. It will now be known as a ‘used car’. It is a pain in the neck to pay more than what the value is. For this problem, people usually go for an auto loan modification where companies such as ours (Auto Relief Group) provide services of renegotiating loan prices, reducing interest payments, extending terms, etc finally helping you to avoid repossession of your automobile. You are able to reduce your burden as you will pay less monthly payments and still enjoy your comfortable car.

Bookmark and Share