WHERE CAN I GET A CAR LOAN?

     Believe it or not, there are many lenders for folks with less than perfect credit..  One of the most common misconceptions is that no one lends money to sub prime customers.  In truth, there are a wide variety of options out there.  

     Credit Unions are increasingly the choice for sub prime credit loans.  If you are already a member of a credit union, meet with them and see if they can work with you.  Even if  you are not, a credit union may be the lender that gets your loan as many dealerships work with credit unions for sub prime buyers. 

     Many banks specialize in sub prime loans.  Even  banks you might not think of as a possibility have sub prime divisions.  These lenders will work with a variety of credit scores.  

     The other option is a dealership.  There are a number of dealerships that will work with sub prime credit.  these dealerships often have specific lenders they use and offer a comfortable atmosphere for the credit challenged customer.  These dealers are not to be confused with the "Buy Here, Pay Here" dealers.  We will cover them in a later post.