Auto loans have been hard to come by lately. With the financial meltdown, lenders just do not want to take any chances on a borrower that may be a little shaky. If you have bad credit there still may be hope for you.
Many small dealers are installing a device that allows them to make no credit check auto loans. These devices will not allow the automobile to be driven unless a code has been entered. The only way to get the code is from the dealer after you have made your monthly car payment.
This is a perfect solution for dealers to be able to make loans themselves and the consumer to get a car they normally would not have been approved for. If the owner does not pay the bill, the box has a gps locator to help the dealer find their car.
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