If you live in California or Texas and have bad credit, you now have an easier way to finance a car. Local new car dealers are aligning themselves with CarFinance Capital, a company providing bad credit auto financing to residents of these two states.
Using a lender like this is recommended over a tote the note dealer that does not report financing to the major credit bureaus.
CarFinance Capital is led by the management group that created Triad Financial. Its non-prime model of auto financing is already benefitting hundreds of California auto dealers and their customers, reports company President and CEO Jim Landy.
He says that dealers want to partner with a lender like CarFinance Capital because it is flexible, consistent, and provides individualized support.
The company is now moving into Texas, providing the same high-quality services to car buyers in need of poor credit financing. The bad credit auto financing sector has grown within the past few years due to more people finding themselves in this position.
Several banks that dealt with bad credit consumers have left the industry, paving the way for new entrants like CarFinance Capital.
The only issue is that consumers may be unaware of how to access this type of company. They need to locate a dealer that works with lenders like these. If they are unable to do this on their own, entities like Auto Credit Express can pair them with dealers specializing in poor credit car buyers.
Auto Credit Express in particular has a nationwide network of these dealers.
By completing an online application for a loan, a car buyer begins the process. Auto Credit Express distributes the information to its lender network, which comes back with the best deals.
Once the financing is secured, the individual heads to an authorized dealer and selects a car that falls within the approved price range.
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[...] New Awful Credit Auto Financing Provider [...]