Active duty military with bad credit might be able to save on a problem credit auto loan
If you’re on active duty or, in some cases, even in the reserves and have bad credit you may be wondering if you can save money when financing with no credit auto loans .
We’ve been asked this a number of times in the nineteen years we’ve been involved in bad credit car sales here at Auto Credit Express.
We also explain why tote the note loans won’t help credit scores and we cover the bad credit auto loans process so applicants can avoid problems that often result in repossession.
With the cost of new cars, most applicants with approved auto loans choose a low-mileage used car. But members of the military may find that financing a compact or subcompact new car is more affordable than they might have thought.
If you are on active duty or in the active reserve of the Army, Navy, Air Force Marines, or Coast Guard you can use the military discount offered by many car companies to lower the purchase price on an eligible new car in dealer inventory.
In most cases, you can also deduct new car incentives on top of the military discount for an even bigger price break.
But just because you qualify for a military discount doesn’t mean you can necessarily use it if you’re financing with bad credit auto loans.
Even if you are eligible for one of these discount programs, a problem credit auto loan is different than a regular car loan. Once a lender determines both the budget and interest rate you qualify for, it’s up to the finance department to show you the cars that fit these requirements.
In this case, the finance manager will also let you know whether a new car eligible for a military discount meets the requirements. The fact is, in some cases it will and in some cases it will not.
Another thing you need to think about is just because a dealer in your area happens to sell new cars that have a military discount program doesn’t mean that dealer can help you finance a new car. That’s why we suggest you first locate one that can.
At Auto Credit Express we help people with bad credit find a dealer that can give them their best chance at getting approved for a bad credit auto loan.
This means if you’re serious about getting your car credit back on track you can begin the process by filling out our online car loans bad credit application now.
Tags: Bad Credit , bad credit auto loans , military discounts
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