Do you really need 2nd Chance or In-House Finance?

Quite often people who are aware of a default on their credit file or who have recently been declined will call me asking if we provide in-house finance as they feel this is their only option to get approved.Even with a default it may still sometimes be possible to qualify with a bank lender. Many people are surprised when we tell them that perhaps their credit rating is not as bad as they consider and that there might be other options besides  private lender car finance, in-house car finance or rent to own, all which tend to be quite expensive and can attract interests rates around 40 percent plus. Even with a default it may still sometimes be possible to qualify with a bank lender,

Keep in mind that many car yards who do car finance direct and have private lenders or offer in-house style used car loans maybe more concerned with getting the interest from the loan than the sale of  the  car, and may not have your best interests at heart. Because we at 1 Stop, do not own the finance company, our sole focus is helping our customer get into car and we push our broker's to do so at the best payments possible.