Laguna Niguel, CA Bad Credit Car Loans - Where to Apply in Laguna Niguel?

This article looks at a few options that you may have available to you for Laguna Niguel, CA bad credit car loans. It's much easier than many imagine to get approved for people who have a job in Laguna Niguel with sufficient income and meet some basic criteria.

A Smart Option

Do you own a home in Laguna Niguel? One of the smartest ways to get a great bad credit car loan in Laguna Niguel is to take out a home equity loan. The interest rates are much lower than most bad credit car loan companies charge and the interest is also tax deductible as mortgage interest. This is one creative and advantageous way of getting the money you need for a car with a secure financing option.

Not So Wise...

Buy here, pay here places in Laguna Niguel (those dealerships that you see with signs offering to finance anyone) are popping up everywhere around CA. These are usually small local dealers that have high mileage used cars. They offer to finance anyone that walks through the doors usually, that has a down payment (to cover the cost or a portion of the car) and a job. This is akin to purchasing a vehicle from a pawn shop due to the high interest rates and the pricing (they're betting that you don't look at an used car pricing guide). If you're in a bankruptcy or just simple bad credit then this is a potential option..

One not so common option some have...

Local Laguna Niguel banks (credit unions included) are an option for some if you have an open account with them that is in good standing. Even after a bankruptcy, if you've kept your payments current with a local lender that has treated you well (and you've reciprocated with timely payments) then it's a good idea to check with them first before going elsewhere. You may be surprised what knowing someone can do, too!

One way many are choosing these days...

Online companies that specialize in bad credit car loans and helping people find Laguna Niguel lenders based on their income are some of the best places to look in Laguna Niguel. There are many websites that offer this service for people in Laguna Niguel, yet you have to be cautious in this day and time to make sure that you're dealing with a good, solid and legitimate company.

Before you leave, I would like to invite you to a website that I've put together to help people that are looking for a good company to work with in Laguna Niguel. It's tough finding a good company that offers bad credit financing for cars, but there are a few legitimate sources that can help you to overcome the obstacles that you're facing.

Visit http://www.BuyingCarswithBadCredit.com for Laguna Niguel, CA Auto Loans for Bad Credit.