Bad Credit Car Loans

185053 Resource 134987 166389 166389 1191255595221 1191255733938 Controlled Bad Credit Car Loans

How a close associate used our services to obtain a great loan

This past weekend I met up with an old friend who just got a great new car using Car Loans Canada.  He had been in some financial trouble.  A recent divorce left his financial situation a little messy.  He also had to give up the family car but still needed wheels to get himself around.  He went into a few new car dealerships looking to lease something inexpensive to get from point A-B.  Even though he made good money, it would seem that he was too high risk for most primary lenders.  He gave me a call to ask me what I thought he should do.  My advice was as follows:1.  set a budget, $10,000-$12,000 seemed fair2.  get together 20% down (which he had)3.  Buy as new as possible and just get the basics.4.  Finance for as long as possible in a straight loan with no amortization.5.  If you want to flip in a year or two, try and find an import, even if it was an ex-rental.Although he was disappointed that he wasn't going to be able to get what he thought he could afford, he understood that sometimes it's best to get the immediate need taken care of now, get the want taken care of later.He applied to Car Loans Canada and one of our lenders got him approved on the following cars:2006 Toyota Yaris (ex daily rental)2006 Chevrolet Cobalt/Malibu (ex daily rentals)2006 Alitma with 50k2006 Mazda 6 with 50kHe manged to get approved at a payment, not a price so the cars were actually closer to $15,000-$17000.  He ended up going for the Altima and is very happy about it.  Although my advice was good, it seems our lenders were better.  9 application/xml false bad credit car loans bad credit due to divorce car loans and divorce car loans with bad credit divorce and car loans getting a loan after a divorce Bad Credit Car Loans http://toronto.carloanscanada.com/ <a href="https://www.carloanscanada.com/creditapp/Credit-Application.aspx" title="Complate a SmartApp Car Loan Application" target="_blank"><img src="http://blog.carloanscanada.com/styles/blogsite/CarLoansCanada/images/smartapp_button.jpg" title="Complate a SmartApp Car Loan Application" border="0"/></a> Mozilla/4.0 (compatible; MSIE 6.0; Windows NT 5.1; SV1; InfoPath.2; .NET CLR 2.0.50727) 127.0.0.1 127.0.0.1 spatrick false true false false true 180314 false false true false false false true 134987 blog blogsite/CarLoansCanada/web