Raisa with her 2010 Dodge Avenger
As a first time buyer, Zach tried his hardest to give us the best deal and work for your benefits. He was very personable which made up for the heavy rain in seeking the cars we were going to choose from. Also, gave us options not only in cars but as well as payments which helped a lot since we are still students.
As a first time buyer, and possibly a student, always ask Zach what your options are because he is very helpful.
I’ve experienced a no pressure sale. I told them what I was looking for, the payment range I could handle, the color I love, and in a short time I was offered the best deal on the lot. Very polite and professional services. I would tell others to come here first and not waste time other places.
–Germaine financed a 2007 F150
Guil with his 2006 Hyundai Sonata
My experience has been very good. These guys have been patient enough and willing to work with people like me that have problems with their credit. If other people are looking for a car in similar circumstances, they should definitely try this place first.
Rick from Shelton with his 2005 Scion xB
Due to my terrible credit, I was sure that I would be unable to get financed for a new car. The staff at WA Auto Credit was very helpful and worked all afternoon to get me into a new vehicle.
William with his 2008 Honda Civic Si
I was satisfied with my customer service. I was shown several different cars that I could choose from. I am very happy that Zach took the time to get me the best deal possible.
Zach is great, fun to work with, and very honest. I told him my budget and that I am a first time buyer. He was able to find a car perfect for me. He had patience with me while I asked a ton of questions. I was in last week when my friend bought a car, and after seeing how well things went with her, I wouldn’t go anywhere else. My experience was great!
Heather with her 2006 Ford Explorer and Family
This was the best car buying experience we have ever had. Both Brian and Mike were so patient. They really worked to meet our needs. We will always come back to do future business here.
Bob with his 2007 Ford Focus
Right from the first phone call, Brian went right to work on my loan and I got quick results. All associates were easy to work with, didn’t judge my situation or my credit and made me feel at ease with my buying experience. Within 48 hours of applying, I had a fresh start to rebuilding my credit.
At WA Auto Credit, we are always looking to add new lenders that will help our customers get better auto loans so they can have more vehicle options or lower payments. With SmartWay Advisors, we have found a way to do both. Read More…
WA Auto Credit is the place to buy a car with bad credit.
The MILES Program has lowered their interest rates in both their E1-E4 program and their E5+ program.
The Standard E1-E4 program has changed from 18.45% to 16.95%.
The Stripes E5+ program has changed from 17.45% to 15.45%.
This is a 3-month trial for MILES to see if lowering their interest rates results in increased loan originations.
It is possible to get lower interest rates with MILES if you have a large down payment. MILES is not designed for soldiers with good credit. It is designed for service members that cannot get better loans elsewhere. Typically, MILES customers would qualify for interest rates in the twenties if the MILES Program did not exist.
It was cool. Nice service. Zach is great. Nice selection.
–Coty purchased a 2004 Nissan Frontier
Approval Specialist: Zach Dodge
Phone: 360-412-4120
Kenneth and his 2008 Chevy Silverado
“Awesome! Zach works great with you according to your budget. The employees here are very helpful. It was a very smooth process.”
–Kenneth purchased a 2008 Chevy Silverado
Approval Specialist: Zach Dodge
Phone: 888-300-3502
If you are in need of an auto loan, and your credit is not so good, the first thing to consider is how much time you have to buy your car.
If you are not in a hurry, your first step is to obtain a copy of your credit report. Once you have your credit report, examine it for anything out of the ordinary or untrue. If there are items on your credit report you do not believe to be accurate, you might consider using a credit repair service for help getting them off of your credit bureau.
Once the negative items on your credit are corrected, you might want to get pre-approved for an auto loan through a site like WashingtonAutoCredit.com. You want to get pre-approved through a company that works with many different lenders to help you obtain your best loan. At WA Auto Credit, we have around 50 different lenders from Credit Unions to Local Banks to Finance Companies that function almost like Buy-Here-Pay-Here lenders.
What if you are in a hurry?
Things change a little bit if you do not have time to dispute the negative items on your credit bureau to try and get them off. If you need a car, and cannot wait, or if your credit simply cannot improve anymore, you need to apply for a bad credit auto loan. A bad credit auto loan obtained at the WA Auto Credit office will report as a new line of credit on your bureau. Additionally, if you pay the account as agreed, your credit will improve (assuming you do not do any more damage to it through your other lines of credit).
For people that used to have good credit, buying a car with bad credit can be a painful process. If you are used to being able to walk onto any dealership, pick out any vehicle, and call all the shots on your vehicle purchases, you are in for a little bit of a shock. Read More…
With all of the above types of vehicles, we always run into the same issues. If the lender will approve it, we can get you into those vehicles, but the payment is usually higher because you are usually spending more money.
If the lender will not approve the higher payment, we need to convince the lender to do a slightly older car with more miles on it, which will usually shorten the term and increase the payment. Otherwise, it is just another situation where the buyer might need to increase their down payment.
For older cars, the lenders that will consider them usually shorten the term of the loan dramatically (which increases your payment) and require large down payments to lower the risk of the loan. Older cars have a much greater chance of breaking down than newer cars, and many lenders have noticed that when vehicles break down their customers often default on their auto loans.
The only way to convince a lender to do a loan on a higher risk vehicle for a high risk customer is to lower the loan risk in other ways. Shortening the term of the loan has some effect, but for the most part, the best way to convince a lender to do a loan they really do not WANT to do is to put a significant amount of money down.
We have all done it: Buy something just because the monthly payment is low. It happens at electronic stores, auto dealers, and even late night infomercials.
There are so many ways to get credit cards and other lines of credit that it is unsurprising that so many people get in over their head. U.S. News & World Report put together a list of seven common financial mistakes. Among the mistakes they highlight is seeing the monthly bill as an indicator that something is in your budget. Read More…
Over the years, we have run into literally hundreds of customers that have asked us if they should go to a payday loan company in order to have more money down for their car purchase.
For the vast majority of people, it is a bad idea. You might as well be putting the down payment on a credit card. Taking out more debt in order to get a loan doesn’t sound like a surefire success plan when it comes to rebuilding your credit.
I did have a customer once that it sort of made sense for.
Her name was Linda. She had a long term job, and was a single mom.
Linda’s credit was shot because of a divorce, and her bank account was small because of her kids.
Linda had an old Ford Taurus that reliably got her to and from work every day. That was until her car got hit by a drunk driver. Thankfully, neither Linda nor her kids were hurt. However, her car was totaled and she only had liability because she was trying to cut back on bills and it was an older car.
Linda needed a car, FAST, and while she waited for the drunk driver’s insurance to work everything out with her lawyer, she had no way to get to or from work. Now, it was obvious to everyone that a pretty large settlement would be coming to Linda from the other party in the accident. The only issues were how long the wait would be and how much she would get.
Linda came up with the idea to get a 100 day loan from a payday company by calling 877-793-5212. She did not get crazy with the loan amount. I think she only borrowed $1500. With the $1500 down, she was able to buy a vehicle that was reliable and got her to work while the settlement was worked out. She paid the loan back, got her settlement, and paid her car off in full. No more payments.
One thing she does do now, though, is keep full coverage insurance on the car.
