In the past, when a consumer had bad credit and needed an auto loan, it was very common to go to the dealer and find a car that they liked and then fall prey to some very non-beneficial lending terms back in the financing office. Since the buyer already found a car that they fell in love with, and did not want to start the process all over again, they would find themselves taking whatever the finance manager offered, which is directly compensated more favorably when they write a more advantageous loan for the dealer and/or lending institution. After finding a car that they like, few people then wanted to go around 5+ dealerships to see what others would offer them. Without the Internet though, what choice did they have? Many people also felt slighly imtimidated at having to negotiate face to face with hardened finance managers, who typically used pressure sales tactics. Fortunately, the advent of the Internet has solved both of these problems.

These days there are plenty of websites that cater especially for consumers who want to get themselves a great car and a great finance deal to go with it. They can help not only people with bad credit, but also people wth good credit get no credit car loans. So, those with a bad credit history, or no credit history at all, are no longer excluded from buying a new car at favorable rates. Though there are many useful websites around for this purpose, there are, unfortunately, also some to avoid. Some sites that look legitimate and helpful have actually only been set-up for other reasons. Rather than offering a genuine service to consumers, some are only interested in creating a mailing list or implementing bait and switch tactics.

The most common trick in the book is to make it seem easy to get an auto loan. Short and simple application forms are displayed, which make it seem as though the consumer has only to use up a minute of their time. The problem is when they hit enter (thinking they are finished) then it takes them to a second part of the form, and then even a third or fourth part of the form. Another red flag to watch out for is being bombarded with advertisements, particularly ones which are not even directly related to auto loans. The more ads there are, the wary consumers should be about giving over any of their details. Legitimate companies would not be interested in sending a prospective customer to another site when they have the chance of making a sale. Un-legitimate ones, on the other hand, are just out to make a quick buck in any way that they can.

Some of the better sites we have seen are now starting to offer additional services. Some of these services could be credit repair software, three in one credit reports, credit repair guides, information about loan consolidations, and much more. It is really just a case of using some common sense, and listening to your gut instinct. If something feels wrong, then click the back button on your web browser. Used wisely, the Internet can secure you a great deal deal on your auto loan; you just need to proceed with caution.

Consumer Doctor is an online reporter that covers various consumer topics that affect people during troubled economic times. 2nd chance auto loans have become much more adaptable and getting you bad credit car loan is easier than ever for the reason cited in the article.