Quick Bad Credit Car Loans for Customers

When it comes to bad credit car loans, a lot of customers think a car is out of reach. It’s not. With on-site approval and a compassionate, dedicated team, car ownership is possible for everyone. It doesn’t matter if a customer’s credit score isn’t perfect. I’d like to take a few moments to explain some of the factors behind how we extend credit to customers with less-than-perfect credit.

 

Size of Down Payment

Down payments can help lower the overall interest rate. By putting down money toward the purchase price of the car, customers can often get lower interest rates. However, a zero down payment does not preclude customers with lower credit scores from getting the car of their dreams.

 

Length of Loan Term

The length of the loan term, that is, the amount of time a customer has to pay back the loan,

With more cars staying on the road in great working condition for years and years, a longer loan term isn’t something to worry over.

 

Availability of Cosigners

Someone with better credit can cosign on a loan. This often helps customers with lower credit get a better rate or secure bad credit car loans. By having a cosigner, the customer is demonstrating that another person believes in the customer’s ability to repay the loan.

 

History of the Borrower

Even with bad credit, customers who have steady employment for two years and a low debt-to-income ratio are eligible for car loans. This means that a rough patch in customers’ past won’t haunt them forever. Life happens and improved circumstances can help increase getting a same-day loan.

 

No matter what a customer’s credit, bad credit car loans are available to customers as part of their car buying journey at our dealership. We offer many solutions to getting keys to customers the same day they walk into the dealership, regardless of imperfect credit.

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