Bad Credit Car Loans for End of Year Car Sales – Kelly Blue Book Values Important

It is highly likely that many people will look to a bad credit car loan at the end of 2009 to help them finance a vehicle purchase.  If you are looking to save a great amount of money on an end of year car purchase it is a good idea to do your research on Kelly Blue Book values of cars.  If you are buying a brand new car or a used car it is still important to do your Kelly Blue Book research before getting a car loan or making a vehicle purchase.


If you plan on buying a new car then there is a very good chance that you will be trading an old car in.  How much is your old car worth?  The only way you will truly know the answer to that question is to research through Kelly Blue Book.  You do not want to trade in your current car for a value that is much lower than the true worth.  By accessing Kelly Blue Book on the Internet you should get a good idea as to what your car is worth.

There are many great end of year car sales that might be alluring but do not think that you have to use the dealership for financing.  Many dealerships are advertising very low financing at the present time but there is a good chance that you could get an even lower interest rate through your bank or a bad credit lender.  The only way you will know is if you submit a loan application to these lenders.

Please understand that the interest rate that is assigned to your auto loan will be reflective of your current credit score.  If you have a credit score that is very high, well above 740, then you could get an interest rate below 5%.  If you have a credit score that is considered bad, below 650, then you could see an interest rate on your car loan that is well above 10%.  The only way you will know the true interest rate you qualify for is to submit a loan application.

There are many lenders out there who will help you buy a car at the end of 2009.  Make sure to do your research and find a lender that is willing to work with you to find a reasonable car loan rate.  Going through the dealership for financing is always an option but do not think that this is your only option.  You might want to do some research before deciding on financing from the dealer.

Author: Alan Lake