Car Financing FAQ

Car Dealer Financing is a vehicle and auto financing, in house financing car dealership finding service. We have contracts with hundreds of car dealers all over the country who have special departments for financing people with bad or no credit. We are not a direct lender. We offer these services for absolutely free to the customer.

We handle primarily car financing for people with little credit, no credit, or poor credit. We do not handle motorcycle financing, cars being sold by a private party, refinancing current financing, or financing through dealerships who are not within our network. However, our network of dealerships includes dealers in every state and for every make of car.

We generally handle financing for all makes and models of cars that are brand new or up to 2 years old, and have less than 36,000 miles.

Our car dealer affiliates have special finance departments that were designed with bad credit in mind. We will come up with a financing plan that is tailor-made around your specific credit situation.

Yes, however if there is a lien on the car that you are trading, additional cash may be needed to settle it.

Any time you apply for credit such as car financing, credit cards, furniture store financing, etc., an inquiry is placed on your credit report. A financial institution that you are seeking a line of credit from will naturally pull your credit report to see your financial history. But those inquiries themselves are recorded on your report, and if you have had several inquiries in a relatively short amount of time, it is looked down upon by somebody new who is checking your credit report. Too many inquiries are often interpreted as an indication that a person is carelessly trying to get credit anywhere he can. Also, several inquiries would suggest that companies are not approving you and so you have been trying again at other companies. The company who would be looking at all these inquiry reports might say "If all these companies are denying you credit, then they must consider you a bad risk."

Yes, as long as the bankruptcy is discharged.

Yes. Our dealers have several financing programs for first-time buyers.

A co-signer may be an option for a buyer who does not comply with all of the credit requirements. However, the buyer's income must still meet all of the income and budget requirements regardless of the co-signer's income.

Yes. Just show your auto finance representative that you qualify for the discount(s) and it will be applied to the financing accordingly.

The interest rate that your financing will have depends on a variety of factors. Rates are based on things such as your credit report and score, the equity position of the financing, your down payment, and the model year of the vehicle. Generally, rates increase about 1 point per year old that the car is.