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In addition to being a way to get a new car, financing the purchase through a poor credit car loan can help repair your own credit history in the process. 2. Instead of making monthly payments to a traditional lender, you make weekly or bi-weekly payments at the dealership. But whether you're traveling 10 mph or cruising by at 70, it's difficult to understand anything from those four words. Additionally, most of these dealerships only report to a credit bureau when you’ve defaulted on your loan. Bad credit auto loans are available nationwide for customers who have poor credit or no credit through our special loan network which specializes in new and bad credit used car loans. When you refinance your loan, you pay the remaining balance in one lump sum, and, if your contract includes pre-payment penalties, you’ll have to pay that amount in addition to your principal balance. Bad credit car loans can be obtained online for new or used automobiles ranging from small, economical cars to sport utility vehicles; and our devoted professionals are here to help you around the clock. The key difference between a traditional dealership and one that strictly specializes in BHPH financing lies in the shopping experience.

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