How to get Financed
if you are Self Employed
Before the economic downturn of 2008, it was fairly easy to get into a
car loan even if you were self-employed. Unfortunately, some
unscrupulous people took advantage of the system and made it much more
difficult for honest self-employed professionals to get car loans.
However, if you can prove economic stability companies such as Auto
Credit Financial will take a chance with you.
Self-employed people usually do not get a steady paycheck from one
employer. That fact makes it much riskier for a lender to issue the
car note. You must prove through tax returns, banking account
statements, and a solid credit rating that you are making money even
though you do not work with a traditional employer.
If you have a history of credit problems and are self-employed, when
it comes to financing a new or used car you have a tough road ahead.
Is the situation entirely hopeless? It depends upon the seriousness of
your credit problems and how long you have been self-employed.
If you can prove two or more years of stable income and offer a vehicle trade
in or cash down payment, you are much better off than someone who
recently became self-employed with no track record.
Let our staff of professionals work out the details!
The bottom line is if you can prove your self-employed status does not
make it difficult for you to pay bills, you can probably get a loan
for a good used or new car. While you can get a loan without a down
payment, if you can put at least 10 percent of the sticker price
toward the vehicle purchase you will get an excellent interest rate.
Auto Credit Financial Services.
a Mark Hergert Company
Military Financing
After Bankruptcy Options
College Graduate Discount
Search for New or Used Cars Now
Get your Free Credit Score
Down Payment Assistance
Pre Approved Auto Loan
Auto Loans for Customers with Bad Credit
Bad Credit Auto Loan Resource Center
Bad Credit Auto Loan Financing
Auto Loan Payment Calculator