Guaranteed Subprime Car Loans
Car Corner offers guaranteed financing approval on subprime car loans. Subprime or bad credit financing is a specialized field in car loans, as the default risk factor is greater, which is offset by higher loan interest rates. This is the basis of how interest rates affect subprime car loans.
Subprime car loans have exploded over the last decade. Subprime or bad credit loans no longer have the stigma they used to. Car Corner is one of the financing pioneers in subprime car loans.
The reason we can offer guaranteed financing approval is because of our in house car loans. In House financing is a type of subprime financing where car dealers lend their own money, which means the dealer doesn’t need to rely on the banks. This means Car Corner doesn’t have to rely on the banks to make the decision when we approve subprime car loans.
Subprime Car Loans and interest rates
The interest rate formula is very simple for subprime car loans. Subprime refers to people who have a substandard credit history compared to a person who has the credit rating to qualify for preferred bank interest rates. The worse the credit rating, the higher the interest rates charged on subprime car loans.
Subprime car loans are a great way to rebuild or improve your credit rating. Many of our repeat customers now qualify for preferred low interest rates on car loans. Ask your Car Corner professional for more details when you apply for our subprime car loans.
Subprime Car Loans without the hassle
Subprime car loans are what we do. Many used car dealers look down on people who have bad or subprime credit. Car Corner treats our customers with respect and you won’t get a condescending attitude from us when you apply for our subprime car loans.
Over the years we have financed thousands of subprime car loans. Our credit approval system has been streamlined for fast turnaround on your guaranteed financing approval. When we finance cars in stock our customers are usually driving their new used car the same day.
Peruse our site and give us a call. A Car Corner professional is available to get you into your new used car and arrange financing. You can also use our quick financing application for subprime car loans.