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Sub-prime Auto Lenders – Best Option to Qualify For a Bad Credit Car Loan

Sub-prime lenders are often quoted to be the best option for those seeking to qualify for a bad credit car loan. Before highlighting the accuracy of this statement, it is important to understand just what it is that the concept of Sub-prime lending involves.

Sub-prime lending is recognized by a variety of other names as well. These include terms such as second chance lending, non prime lending and near prime lending. It was in the year 2007 during the phase of the designated “Credit Crunch” that the term and concept of Sub-prime lending actually emerged. Sub-prime lending is said to be a form of lending in which the most risk possibilities are taken on by the money lending institutions. It is said to be a form of lending wherein the prime ideals of the lending process are not realized and hence the entire process becomes a risk fraught one. Sub-prime lending is recognized as the chanciest of all consumer loans and involves loans that are typically associated with the secondary markets.

When talking about the ideal standards of lending not being met, one basically refers to a number of elements of money lending that are otherwise taken into consideration when extending a consumer loan to a client. These elements include factors such as those of credit rating of the borrower, the usual or unusual form of the loan, the size of the loan in question, the proportion of the loan in comparison to the collateral provided, the proportion of the debt of the borrower as opposed to his or her financial and other material assets, and so on and so forth.

It is often said that the credit reports of sub-prime borrowers portray elements that are usually deemed as undesirable in the lending business. These include factors such as a record of not paying back debts, a regular inability to make payments on time, a definite history of bankruptcy, and a generally extreme rate of defaults- all indicative of a future possibility of the same.

In the case of opting for car loans, Sub-prime lenders are often said to be the best possible option for those who have a bad credit reputation. Without the coming in of the concept of Sub-prime lending, those with a less than stellar credit reputation often had to pay exorbitant amounts while applying for car loans. Those who were searching for a means to refinance their car or buy a new one were often made to pay higher prices as a result of their negative history.

However, with the advent of Sub-prime lending, even if you do not have the requisite resources to buy a new or a second-hand car or are unable to find reasonable rates to borrow a loan at, the tables have now been reversed.

Sub-prime auto lenders provide specifically to clients who have no positive history in the field. By providing lower rates to clients who classify as sub-prime borrowers, these auto lenders are able to grow in popularity and thus increase their profit margins while also providing for the needs of the less-than-desirable borrowers. By borrowing from Sub-prime lenders, one can restore one’s credit image and not only meet the requirements of the present but also strengthen one’s standing in the future.

Finding the very best van leasing options on the market

If you are looking for a great deal on van leasing then you should look no further than VanSales.com. On our site you will find the very best van sales and van leases on the market. Just what van leasing options do we have available for you? Below is a quick outlook on the very best van leases we have to offer.

Small vans: For personal use or for practical business usage, small van leases are usually a good idea. Whatever your needs are, a small van from our inventory is sure to meet them. Several of our more popular models for van leasing include: Peugeot Partner Origin, the Volkswagen Caddy 102 (known as the Rolls Royce of small vans), the Citroen Berlingo L2 and the Citroen Berlingo LPG. Many of our vans come in a variety of colors so when you are browsing for van sales on our site, keep that in mind.

Medium and large vans: If you are looking to haul a little more around or if you just need more space, look to upgrade to one of our medium or large vans. The van leasing is very reasonable in price and there are several options in van sales.

The Toyota Hiace is a popular model for medium van leasing because it offers 2.9 meters in load length. This extended option is ideal for professional hauling. Other great medium to large vans include: Renault Master LWB, Renault Master MWB (in both 100 and 120ps versions), the Volkswagen Crafter (a large van we always have in stock) and of course, the Iveco Daily. This is our extra large van option available for van leases. It has a tremendous 4.6 meter load length and is a great value super large van.

Fridge freezer vans: In most cases, fridge freezer vans are not available for lease, just for sale. Well, we offer van sales for these top of the line vehicles as well as the very best van leasing options. A few of our options on these vans include: Renault Trafic, Ford Transit SWB (which can be tailored to your specific needs), the Fiat Scudo (which can switch between a fridge and a freezer), the Citroen Dispatch and the Citroen Berlingo. Contact us for details on van leasing options with these practical vans.

While this is a brief snapshot of some of the categories of vans we have available for van leasing and van sales, there are a few other customer favorites that are always in stock. Of these the Kombi and Luton are at the top of the list.

Many people choose to lease with the Kombi (Renault Trafic Crew Cab and Volkswagen Transporter) because they offer superb safety ratings and can be custom designed for van leases.

The Luton (we offer the Iveco Daily) is popular because of its size and included tail lift.