By Bob Buckham                                                            February 09, 2001

Website: http://www.best-choice-loans.com

Auto Financing: Get financing even when your credit is dinged.

Is your credit dinged or damaged. Don't worry. You'll probably still be able to get auto financing.

(If you wish to skip the auto financing tips and go straight to our site that has the best loan providers with the lowest interest rates, click here.)

Many bank executives are saying that they've loosened credit standards to the degree that most people can get a car. If you can't get a loan at the bank, try the credit union. If you can't get it at the dealership, try online financing. The auto financing is out there, you just have to go shopping. In fact, you should shop harder for your financing than you should for your car. You will save more money in the long run.

The percentage rate you'll pay on your loan depends on how many 'dings' you've got on your credit report. Shop around. You may find one company that will give you a loan at 15%, and the next one that will give you the money at 11%. A good financing manager will find someone to give you the loan. It may not be the best rate out there, but it will be a loan.

When it's time to hit the dealership, think of the auto purchase as 3 different negotiations. They are the price of the car, the price of the trade-in, and the auto financing.

An auto salesman will try to lump all three together because there is profit in all three. Try to deal with each one separately, and get the best deal on each one.

If you deal with all three components together, it's easy to get talked into a bad deal. The salesman may give you a great deal on your trade-in, but turn around and charge you way too much for your new purchase.

These tips should help you save money, and get that auto financing you need.

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About The Author:

Bob Buckham is a successful author and the publisher of http://www.best-choice-loans.com. Many have commented that his website offers the best recommendations, links and information on loans, mortgages and financing.