If you have bad credit chances are that when it comes time to purchase a vehicle you will  start by visiting used car dealers, either online or at the lot. I’m not sure why this is the tendency. The fact is that if you have bad credit you are more likely to get approved at a new car dealer that specializes in bad credit financing like "Sharp Automotive Second Chance Credit" than you are at a used car dealer.

The main reason for this is that most of the national sub prime auto lenders only partner with new car dealers or very large independent used car dealers. So if you visit a franchised car dealer more often than not you will have more lenders competing for your auto loan, and as the saying goes, when lenders compete you win.Why do most lenders only do business with franchised dealers? Franchised dealers have not only passed a rigorous approval process by one of the OEM’s,but each month they have to maintain certain levels of working capital, that is to say, money in the bank. Used car dealers are not under such scrutiny. In addition, franchise car dealers have repair facilities on site, and most perform standard maintenance on their used cars before they are offered for sale to the public.

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To summarize, if you have bad credit and need an auto loan to buy a car, chances are that you will get a better car and a better loan if you visit "Sharp Automotive Second Chance Credit", the dealer that specializes in helping people with bad credit get into a car.