Are you having no luck getting an auto loan because of your credit? The truth is, most dealerships don’t advertise their special finance departments, so it helps to know where to look. Here at Auto Credit Express, we can help you begin your search.

Your credit score typically drops after taking out a car loan because of the impact it has on three areas that affect your rating. However, an auto loan can help you build credit and overcome the initial negative impact when paid back responsibly.

A walk-away lease is an old way of simply saying lease. Also called a “true lease,” or a “closed end” lease, it refers to the type of leased vehicle a lessee turns in when the term is up. Just because low credit makes leasing more difficult, it doesn’t mean getting a walk-away lease is completely out of the picture – you just need to work with the right dealer.

You certainly can use your trade-in as a down payment. In fact, it’s highly recommended you do so if you’re looking to save money on a new car loan and have equity in your trade-in.

If your car was repo'd and you need another one, how should you go about getting financed after a repossession?

Can you trade in a vehicle that’s not paid off? It really depends on the new lender and your equity situation.

While it’s not impossible, you should know that qualifying for a lease after a Chapter 7 bankruptcy won’t be easy.

When it comes to a cosigner, you’ll have the option to keep them, remove them, or add one if necessary when you refinance. But whether or not you can refinance at all depends on your credit and how much it has improved since first taking out your loan.

Having negative equity in a car loan, or being “upside down” or “underwater,” is common. But if you’re looking for a new car and want to trade your old vehicle in, what options do you have and what should you do about it?

A car repossession stays on your credit reports for up to seven years beginning the day the account was originally reported as delinquent.