Auto Industry Recovers Thanks To... Subprime Car Loans

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  2. Auto Industry Recovers Thanks To... Subprime Car Loans
We all know the automotive industry has had a rough few years. Ever since the bailout in 2008 it has been an industry that has needed every inch of help it can get. Luckily though now that the economy is starting to pick up people are getting jobs easier, making more money, and thus making larger purchases like a new car. That hasn't been the only help though, because so many people have had their credit damaged by the recession; lenders have been approving people for subprime car loans. This is great not only for the industry, but for the entire country! It also means that if you have been holding off on making that new automobile purchase because of your credit score that you should apply for a loan right now!

2013 was a great year for the industry and we are hoping that 2014 will be even better! At the end of the final quarter of 2013 both Chrysler and General Motors have stated that they have had the best U.S. sales numbers since 2007. Ford has also come out saying that their sales numbers have increased by over 7% compared to 2012. With trends like this who knows what the future holds.

The important thing for all of you struggling with your credit though is that out of deep subprime, subprime, and nonprime financing subprime has the largest approval amount! So we here at have been telling you for years that you are able to get approved for a loan with damaged credit because we have been helping you do it, and now that fact seems to be stronger than ever before. Most of us have grown up with the thought that a bad credit score is horrible, taboo, and needs to be fixed immediately. While it does stay true that it should be fixed and that you shouldn't just be content with poor credit your whole life, it is not going to be as big of a deal as you have once thought. You no longer will have to consider driving down to that sketchy dealership on the corner that claims they will finance you themselves or sell some of your items or spend years saving up small amounts of money at a time.

Here at we will help anyone get approved with a lender near them. With one application you will be in your car on the path to a much better credit score. Now doesn't that sound amazing? What are you waiting for? Apply now and we will be in contact in as quick as a few minutes to let you know if you have been approved for financing.

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Do you meet the basic qualifications?

  • At least 1 year with current employer
  • A minimum income of $1,500 per month
  • No repossesions within the last year
  • Any bankruptcies must be discharged
  • Money down may be required, but not in all cases
  • Must be a current resident of the U.S. or Canada