Buying a car can be an exciting step. Financing a car…well…that’s another story. Many folks find themselves in a less-than-fortunate situation with their credit. Thankfully, that doesn’t mean that a newer car is out of reach. In fact, it’s entirely possible to get approved for poor credit auto loans. Buying a car with bad credit happens all the time.
Buying with Poor Credit Auto Loans
Dealerships make money off of financing. That’s a fact. The more buyers they can get approved to finance, the more their profits grow. Many times dealerships will do whatever is necessary to get you approved, despite past negative history. They may not be able to approve you for the best rates or the highest loans, but that’s not to say that they won’t try.
Another option for folks with bad credit history is to have lower monthly payments by extending the loan terms. While this isn’t always the best option, this can be helpful for those who need help budgeting and getting their credit back up. As long as you pay your monthly payment, you’ll help your credit. In the end, you’ll pay a little more because of the term length, but it’s a win for your credit score if the payments are made.
How Geneva Foreign & Sports Can Help
Car buying with poor credit auto loans is possible. Just remember, you’re not alone in it. People with poor credit histories purchase great cars every day. And we at Geneva Foreign & Sports are here to help make that happen every day. Our strong relationships with financial institutions make it possible for us to find loans for buyers of all types. We’ll work with you through every step to try to secure the best loan rates possible.