Automobile Down Payment Assistance Loans

Introduction to Vehicle Micro Financing

There is now a unique website that helps people come up cash to buy a car with a down payment assistance program. It appears that there are no credit checks in most cases and anyone can borrow up to $1,500. The application process seems very simple and they claim that you can get the money direct deposited in as little as two hours. Sounds interesting but tell us more you may be asking.

If you have bad or poor credit it does not appear to matter either. One beneficial thing we noticed is the loans do not get reported to credit bureaus. They even help people with bankruptcy’s and military members get this rare type of auto financing.

How this form of auto financing came about

The financial markets have tightened the coffers to an extreme. Credit requirements for motor cycle loans and automobiles have drastically become more difficult for people to qualify for. Financial institutions are not loaning money for vehicles like they have in the past. Credit score requirements have put auto financing for people with bad credit out of reach.

Auto loans for down payments you can afford

Automobile dealerships need to increase sales and the credit restrictions are severely hurting the automotive industries. Slow car sales have put many vehicle dealerships out of business. It is a shame that all the dealerships we contacted had no idea that they can increase their sales by offering this type of down payment assistance to their potential buyers. ... click here to read the rest of the article titled "Automobile Down Payment Assistance Loans"