I’m single and I rent my apt. I have a steady job making 45k year with direct deposit but bad credit. I see advertisements for these bad credit car loan places? Is it possible for me to get an 18k loan without a cosigner in the real world from one of these places or am I wasting my time? Has anyone ever worked for one of these places or been in my position and rec’d a loan & where from, what company?
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Auto finance is what I do for a living and your best bet will be to find a large dealer the advertises Special Finance and go talk to the Manager.
Stay away from the buy here pay here places because over 90% of them do not report to the credit bureaus.
In almost 8-years of doing this, I can not remember anyone that could prove their income and had enough of a down payment that I did not get approved someplace.
The best way to buy a car is with cash. If you can’t afford to pay cash for a car, then you can’t afford it. Save up and buy a used car. When you want to buy a better one, save up some more cash and repeat the process. Car loans will make you poor because you are paying more (interest) for a car that is losing value everyday that you drive it.