Bad credit can get in the way of you doing some of the things you need and want to do. If you have bad credit, it can be intimidating to apply for financing and stressful waiting for an answer. One scenario where it can be especially difficult to have bad credit is when you need to buy a car.
In many situations, a vehicle is a necessity and not just a want. What happens if you need a car but have bad credit? Are there bad credit auto loans available? Where can you go to find help getting a car when you have bad credit?
What happens if you need a car but have bad credit?
In a traditional car-buying scenario ā you go to a car lot, choose a car, and then apply for financing ā a bad credit score can keep you from getting the car you need. Traditional lending institutions, such as banks and credit unions, base financing decisions almost exclusively on credit scores. If you go to a traditional car dealership, any financing they offer will be through an institution that makes decisions based on credit scores. If you find yourself in this type of situation, consider looking for 500 down used cars at buy here pay here dealerships in your area.
Are there bad credit auto loans available?
It is possible to get an auto loan even if you have bad credit. Instead of going to a lender that gives financing based on a credit score, check out buy here pay here car lots that will do in-house financing on deals such as used cars 500 down. Buy here pay here dealerships can make financing decisions based on factors other than your credit score. With in-house financing, you can get an auto loan based on factors such as your income, employment status, and personal references.
Where can you go to find help getting a car when you have bad credit?
If you have bad credit, you can get help finding a car and getting financing at a buy here pay here dealership. Auto Action is a buy here pay here in Phoenix, Arizona that helps residents get a vehicle even with a poor credit score. Financing decisions at Auto Action are based on what is happening in your life right now ā things like your income and personal references ā and not on a score that is determined by things that happened in the past.
You can find a quality used car and get the financing you need through Auto Action. Auto Action has six locations in Arizona. You can start exploring inventory and apply for financing. When you are ready to see some options in person, schedule a test drive at the location of your choice.