Bad credit can destroy your chances of finding the car of your dreams. Many people can still get approved on a Utah bad credit auto loan but the process is definitely more time consuming and tedious. Search online rather than go directly to the dealer as you stand a better chance of finding a more diverse group of lenders.
If your credit is bad it just means you have made a mistake or two along the way. A lot of young people aren’t correctly taught on the way credit works and how it can affect you in the future, especially for large purchase items like a car.
A Utah bad credit car loan is one that will have a higher finance rate, cause higher monthly payments and result in a larger loan amount. The increased monthly payments won’t be that much but will result in hundreds or even thousands of dollars over time. Even though it would be nice to use that money for something else it’s well worth it to pay a little extra towards your auto loan to satisfy the ultimate goal of rebuilding your credit.
If you have good credit and in need of a car your goal is to find the best deal on a Utah low interest car loan. This type of loan will have low monthly payments with a competitive finance rate. This is also a good way to keep your credit strong by making your monthly payments in a timely manner.
Finding a quality lender through a Utah used car dealership is possible but there are some online companies that work directly with certified used auto dealers and are able to provide a high level of service and industry leading rates. Jump Start Approvals offers a 99% approval rating for all of their working applicants and uses very aggressive loan strategies to help out all of their customers, good credit or bad. We are trying to loan out $5,000,000 dollars by the end of the year and with auto prices as low as they are, there isn’t a better time to apply for a Utah bad credit car loan and start shopping for a new or used car..