Financing a Car with Bad or No Credit?

Tiny car with coins and finance paperwork

Wondering about financing a car with no credit around Pineville? How about financing a car with bad credit? Absolutely! Though it may be slightly more difficult to get a successful car finance with no credit history, it’s far from impossible. Discover more about bad credit car finance and even financing with no credit history with us here at Tim Short Chrysler of Middlesboro, then contact us for more information! 

Financing a Car with Bad Credit or No Credit

When financing a car with bad credit or no credit, you’ll want to remember that your vehicle down payment could be more than average and your vehicle interest rates could be higher. You’ll want to arrive knowing your budget and remember the following tips:

You May Still Be Approved 

Though you may be convinced that you only have certain financing options available because your credit is struggling. However, that may not be the case. Contact us to find out options available that may benefit you more near Harrogate and Ewing! 

Consider Improving Your Credit 

If you have bad credit, you might consider developing it. You should consider working out a debt payment plan and begin paying off any outstanding debt. You’ll want to use your credit cards for small things only and pay it off immediately. This will improve your credit score quickly. 

Apply for Loans Wisely 

When you’re applying for vehicle financing, your credit score can suffer. Retain all of your credit loan applications within a 14-day span to reduce the potential for damage to your credit score. 

Avoid Accepting Just Any Offer

You have no obligation to accept the first offer you get, just because your credit isn’t top-notch. Many car dealerships cycle through different lenders, so it’s worth your while to try getting a better offer. 

Prepare for Higher Expenses 

You may need to prepare for a bigger down payment, increased interest rates, or both if you have bad credit or no cred. Consider this as you go through the credit process. 

Bad Credit Car Finance at Tim Short Chrysler of Middlesboro!

Wondering how the no or bad credit car finance may work? At Tim Short Chrysler of Middlesboro, our expert finance team makes obtaining credit as simple as possible. Check out our leasing and finance options as you prepare to visit Tim Short Chrysler of Middlesboro. We also offer the convenience of online financing. Contact us today to learn more!

 

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Tim Short Chrysler of Middlesboro 36.631552, -83.703720.