If you have bad credit, you might be wondering if buying a car is in the cards for you. But, getting an automotive loan without a great credit score is possible, especially here at JAB Automotive LLC, where our staff is dedicated to offering you finance options that suit your needs and budget.
Having a low credit score can limit your auto loan options, but if you’re willing to compromise, it shouldn’t be too difficult to qualify for one.
For one thing, whether you finance through our dealership or apply for the loan yourself at a bank, it’s important to talk to your financer about bad marks on your credit and explain the situation. In these cases, your explanation may have a bigger impact than the number of your score.
You can also opt to accept a shorter loan term, agreeing to complete your payments within, for instance, 36 months instead of 48 or 60 months, which will mean you have a higher monthly payment, so make sure you have room in your budget. You can also take a higher interest rate, which also makes it easier to get a loan but ends in you paying more money by the end of the loan term.
For assistance finding and buying your next car, contact our helpful sales and finance representatives at JAB Automotive LLC.