How to Get a Car Loan With Bad Credit in Chatham-Kent, Windsor and Surrounding Area
Getting approved for a loan can be difficult – especially if your credit score is not the best. Fortunutely, we are here to discuss and seek out alternative financing options for bad credit car loans. Come out to our dealership today for more information and assistance regarding how to lower interest rates and pay your car off quicker than you ever thought possible.
Home Equity Line of Credit
One way to increase your capital and have more money to put down on a car, is to consider is taking advantage of your home equity line of credit. You can score an appealing interest rate and tax-deductible line of credit if your home has enough equity. We know having a car can make your life easier, and this is a financing option that does not take into account your credit score.
Peer to Peer Lending
We encourage you to take advantage of the streamlined process, peer to peer lending, that allows borrowers to pay low interest rates and investors to earn high interest rates. Essentially, you can post a loan stating the amount you need and why an investor should reach out. We can work directly with you to figure out how much money to ask for in order to pay off your car in a timely manner. Next, investors will sift through loan postings and even though your credit may be looked at, peer to peer lending is also based on your personal situation.
We are happy to share with you alternative financing options to pay off your car. Bad credit car loans are possible to get when you find creative ways to gain capital such as tapping into your home equity line of credit peer to peer lending and coming to use for the best terms and rates. We understanding the importance of considering factors other than your credit score in the loan application process.
Auto Motion is located in Chatham-Kent, Ontario and also serves Windsor, London, Tilbury, Sarnia, Kitchener, Leamington, Strathroy, St. Thomas, Tecumseh and surrounding areas.