If you don’t have good credit, you may be worried that you won’t qualify for any kind of a Bad credit car loan in Salt Lake City, or that you’ll only get financing to buy a very old car with high mileage. While you should be prepared to pay a higher rate of interest on your car loan, you should also know that you’re not going to be limited with a choice of a few old, high-mileage vehicles. The financing company has an interest in having you finance a car that is newer and in good working condition so that in case you cannot pay the loan, they still have some value in the car.
The other good news is that although you won’t get the absolute lowest interest rate, financing a car and making payments on time gets reported to the credit bureaus, so you’re rebuilding your credit and doing it with an item you need. Also, car dealers who work with people who’ve had a divorce or bankruptcy or other experience that’s affected their credit work with nation-wide, well-known lenders who can help you get the right Bad credit car loan Salt Lake City for you.
As an example of the kinds of cars you might expect to find, consider this one, a 2013 Hyundai Elantra. It’s a two-door with a red exterior, and it only has 7,786 miles on it. It’s a four-cylinder, front wheel drive car, and it has a six-speed automatic transmission. Outside, it has with privacy glass, daytime running lights, and fog lights, plus heated and powered side mirrors. Inside, it has heated front seats, cruise control, a trip computer, outside temperature display, air conditioning, and Bluetooth.
Another example is a 2012 Dodge Avenger SE in gray with a chrome grille. It has 12,465 miles, and it’s a four-door with an automatic transmission and front wheel drive. It has air conditioning, remote door locks, power windows, cruise control, a rear defogger, an outside temperature display, power steering, speed sensitive wipers, stability control, ABS brakes, power windows, privacy glass, air filtration, tachometer, and it has the radio controls on the steering wheel.
