If you work for a car manufacturer or supplier then you may qualify for some kind of discount that will help you out and will create an opportunity for those who may not have the best credit score around. Most of the time if you have a poor credit score then there are going to be some issues that arise that will more than likely keep you from being able to get a loan. With the rough economy most people do not explore their options or once they get denied once will just move to their last resort which is buy here pay here dealerships.

Car Options

If you have poor credit and are looking to get a used auto loan that will typically be the best option. There will be options though that are going to make purchasing a lower priced new car possible as well. It all may be possible through potential employee discounts that your employer offers.

A lot of the major car manufacturers are going to make it so that if you are an employee, retiree, salesperson, or friend/family of someone who is then you can receive discounts on the price of a newer model vehicle. Most of the time new car incentives will be included in this which will knock some more dollar signs off of the cost for you. Know that while you may qualify for some of these benefits and deductions you may not be approved for a high risk auto loan.

Employee Discount Problems

While you may have qualified for different discount programs out there the possibility to not get the vehicle you were hoping for is still very evident. The main reason that this happens is for the simple fact that it will all be up to the finance department what type of vehicles you can afford because of their decision on your budget and interest rate. The largest problem of all though is that most new car dealerships out there will not finance you if you have bad or no credit.

The best options will be to either take the time and find the right dealer that will work with you. This may take some time so be prepared and do not get frustrated if you do not see results immediately. Another option would be to raise your credit score and then try again in the future. We can help with getting bad credit auto loans with a simple application that will raise your credit score in no time at all, it just takes a couple minutes of your time to apply!