Can I Secure Financing with Bad Credit?
A number of financial situations can affect your credit score. For example, first-time buyers typically have not established credit, and therefore, have low or non-existent credit histories. Whatever the reason, our financial specialists are skilled at helping you address your credit issues, secure financing and start rebuilding or building a credit history. In fact, buying or leasing a vehicle is an effective strategy for improving your score.
Our finance team will work tirelessly to secure the best rates for you, regardless of your credit score. Yet, there are a number of steps you can take to help yourself get approved for an auto loan with bad credit. These include:
- Check Your Report for Errors: According to the Federal Trade Commission, roughly 50 percent of credit reports contain errors that can negatively impact a credit score. Regularly review your score to ensure errors have not been made.
- Determine the Loan Amount: Decreasing the loan amount can help you to get approved for bad credit. Start by estimating the value of your trade-in, as well as the down payment that you can afford. This will help our team calculate the amount you will need to borrow.
- Bring the Proper Documents: Having the proper documents can help to speed up the approval process. If you plan to trade in a vehicle, be sure to bring the vehicle’s title and current registration.
