The importance of owning a car for most of us cannot be underestimated. Just being able to go shopping, get to school or work, shuttle the kids around town, and visit friends and family require your having access to a car. Let’s face it: the bus and train just don’t cut it for most of us.
If you need to buy a new or used car but have been rejected one or more times due to your less-than-perfect credit score, your frustration with the situation is probably palpable. After all, who has the time to keep applying to auto lenders only to get rejected time and time again?

By the same token, however, it doesn’t make sense to give up the search for a good lender, either. At some level, you are confident that there is a car loan financing company out there who will be willing to help you, regardless of your credit situation.

If you still have some fight in you left (and I’ll bet you do!), check out the following tips on how to secure difficult-to-obtain auto financing in 5 easy steps:

1. Choose a car you can afford:

Start by selecting a car that you can actually afford. This may sound obvious, but it is simply human nature that sometimes our eyes are bigger than our wallets, so to speak. We all want to live the “good life,” and that includes the ability to own nice things. However, at some point, you will need to become as realistic as possible about what you can afford given your past difficulties with auto financing. So, choose a slightly older model car that maybe doesn’t have all of the bells and whistles you want – but that is attainable right now.

2. Scrape together whatever down payment you can beg or borrow:

Another way to greatly increase your chances of getting your auto loan application approved is to do whatever you can to increase the size of your down payment. Borrowing the money from family or working an extra shift for a month or so could be sources of this money. The bottom line is: the more you can afford to put down for the loan, the cheaper your payments will be and the better chances you will have of getting your application accepted.

3. Prepare your paperwork:

Be sure to review your most recent credit report (issued within the past 2-4 weeks) and check for any errors or glitches that you can get fixed in short order. Doing so could have an immediate and positive effect on your FICO score.

4. Create a list of “bad credit auto lenders”:

Now, conduct a quick online search for “bad credit auto loans” and “poor credit car loans.” You will be surprised at how many lenders are out there to choose from that fit this description. Be sure to visit their websites to see if they look reputable. Then, make a list of at least 7 of them so that you can contact them.

5. Put your game face on:

Before you start applying to these lenders, make sure you put your game face on. Translation: turn into a tough-but-fair negotiator. You need to remain polite at all times, but be firm about asking for a better deal than whatever they initially offer you. Do this with all 7 lenders to whom you apply.

Follow these 5 easy steps for securing difficult-to-obtain auto financing for individuals with less-than-perfect credit.

Author Bio: Get a list of bad credit auto loan lenders near you at: Car Financing with Poor Credit.

Category: Finances
Keywords: Auto Loan with Bad Credit,3 Tips to Auto Financing, Difficult-to-Obtain Auto Financing