Bad credit happens to some people at some point in their lives. Unfortunately, a bad credit score creates difficulties for people who are trying to rent, get a car, or set up new services. Although a bad credit score does not mean you’re bad at finances, it can hinder you from taking the necessary steps toward building a better life for yourself. If you’ve looked for bad credit car loans near Lebanon, NH, you know that there aren’t many dealerships willing to take on the risk of a customer with a bad credit score. It can seem impossible to get what you need. That’s why we offer our customers bad credit car loan services.
Everyone needs a little help now and then, especially if they require a vehicle to go to work, attend appointments, and run errands. How are you supposed to do what you need to do if no one will give you a chance when it comes to purchasing a car? We know you work hard and that you’re making the best financial decisions you can. That’s why our dealerships are here to help. We want to see you thrive, and to that end, we do our best to make sure every single customer that walks through our door is able to take advantage of our services because we love supporting our community.
So, what goes into a bad credit car loan? How do they differ from regular car loans? What are the benefits? While bad credit car loans and good credit car loans are similar in structure, they differ when it comes to the specifics. Bad credit is a credit score below 580 and typically means that you may have a lot of debt or unpaid bills due to illness, student loan debt, or other unfortunate circumstances that are often beyond your control. Allowing a bad credit score to be used when a purchase is made can be risky for the seller since they may not end up getting paid. Therefore, a bad credit car loan is typically more flexible regarding specifics to help both the buyer and the seller complete the transaction.
When you decide to utilize a bad credit car loan, you may see a higher interest rate, a lower borrowing amount, a need for a co-signer, a bigger down payment, and other measures that may be required. That’s why it’s important to be honest with yourself and the person you’re buying from – they can crunch the numbers while considering your specific situation. All past and present factors are important for the seller to know in order to give you the best deal possible. This will hopefully help ease your financial situation so that you can get back to doing what’s really important – spending time with family and friends at your favorite local places like Harmon Park, Broadway Barrel House, and the fairgrounds.
It is often recommended that buyers with bad credit scores take a look at pre-owned vehicles a few years old in order to maximize value. Saving up for a downpayment can help lower monthly payments and interest rates. If you have someone willing to cosign the loan with you, you may be able to get a bigger loan than you would have had access to on your own. Following these tips and finding a program like ours will help you get where you want to go faster and raise your credit score along the way.
We firmly believe that everyone deserves to have access to transportation. While some cities have reliable public transportation, it can be hit or miss depending on the area you live in. That’s why we work so hard to ensure our friends and neighbors have a dependable vehicle to drive, no matter their financial situation. Our dealerships will work with you whether you have good credit, bad credit, or no credit at all. It’s easy to talk to our friendly, knowledgeable loan experts, who work hard to ensure you get the lowest interest rates and monthly payments possible.
We have excellent relationships with many financial institutions, which is why our teams are able to help so many people get back on the road. They compare interest rates, monthly payment options, and length of loans so that they can provide you with the best options. They’ll also help you narrow down your options regarding what type of vehicle works best for you. They won’t try to push you towards one loan or another – this is your choice, and ultimately, you are the one who knows your financial situation best. All they do is look at what you have to work with and then assist you in locating the loan that matches your needs.
We’ve spent a lot of time over the years helping our customers secure loans, and we’re confident that we can help you find something we can tailor to your situation. We want you to have a great experience with us at our dealerships, with the end result of being able to choose a vehicle that will get you where you need to go. Even if you don’t think we can help, it’s worth visiting us to see what we can do. You never know until you ask, right?
There are a few things you can do to see what we can do for you prior to your visit. You can utilize the online loan calculator so that you know what to expect regarding monthly payments, and you can also pre-qualify to see what kind of rates are available. These tools are not meant to be the bottom line, however, so after you use these to get a ballpark figure, you’ll want to come in and complete the application process to iron out the specifics, which is where our rate reducers come in. In order to get you the best loan or lease options available, our rate reducers work tirelessly to locate options for you.
It’s a good idea to bring in things like recent pay stubs, bank statements, pre-qualification paperwork, and any information regarding a co-signer so that our rate reducers can get a clear picture of your financial information. This allows them to give you more details about the loans and leases available to you. They can also point you to a sales associate that will guide you through the dealership and show you all the vehicles you’ll be able to choose from.
Like other Lebanon drivers, you too can take advantage of our bad credit car loan services to drive home a vehicle that can help you live your life – run errands, go to work, visit friends and family, and more. With Faith’s dealerships, you don’t have to feel ashamed or embarrassed – bad credit can happen to anyone at any point in time. Our teams are here to help you figure out a way to keep living the life you want. They’ve got plenty of vehicles to choose from and affordable loan services that will make it easy to stay on track.
Don’t let bad credit get you down – we’re happy to help you choose a vehicle and plan that works for you. From pickup to minivan, sedan to SUV, there’s a vehicle here that you can drive home. If you need a vehicle but haven’t had luck finding a dealership that utilizes bad credit car loan services, you’re just a phone call or visit away from getting your situation sorted at one of our dealerships. Visit them today to talk with one of our associates about the bad credit car loan plan and how we can help you get back in the driver’s seat!