Have you got the bad credit blues? Need auto finance? It's tempting to take a look at those car dealerships that do the "buy here pay here"thing.You should be warned however, that they are not the best option if you care anything about having any cash left in your pocket at the end of the month.
Dealers that offer In-House financing have their purpose, I suppose. Usually they are best suited for folks that are in the midst of a bankruptcy or have tax liens that prevent them from being able to secure financing with any other source.
For the "average Joe" though, they aren't needed.
If you've got credit problems, you're right there with most of America right now. Sure, the major lenders that work with people that have stellar credit histories are not wanting to deal with high risk loans. There are however, options that you may not be aware of that can help you out. Just because you've been turned down at a couple local dealerships or you're just convinced that you're credit is too bad, does not mean that you have to go with buy here pay here. There are other options that you have that are much better, and can help you repair your credit in the process.
Keep your cash in your pocket that you may have been planning to use for a down payment and take a look at online auto financing networks. There are sources online that offer to put you together with the right loan companies, that are most suitable for your credit history.
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