How Can I Get Car Financing with a Bad Credit Score?

couple talking to finance guy

Are you starting the car-buying process near Chardon but wondering, “Can I get a car loan with bad credit”? The short answer is yes, you can get a car loan with bad credit. Let’s take a look at what exactly that means and what you need to know.

How Can You Finance a Car with Bad Credit?

At Preston Kia, our finance team makes it as easy as possible for you to secure a bad credit car loan. To get started, you can apply for financing online from the comfort of your own home. Once you get pre-approved, you’ll work directly with our finance team to figure out a payment plan and interest rate that works for you.

What Steps Should I take To Get a Car Loan with Bad Credit?

If you’re thinking about taking out a bad credit car loan in the Chagrin Falls area, there are some steps to take beforehand in order to ensure you’re making the best financial decision for yourself:

  1. Determine how much you can afford to pay upfront and per month, based on your budget.
  2. If possible, make a bigger down payment.
  3. Try to improve your credit report before applying for a loan.
  4. Be honest about what kind of car you should buy, and don’t get more than you need.
  5. Ask questions!

Improve Your Credit Score

You may not realize it, but taking out a car loan with bad credit and consistently making your payments on time every month can actually help you to improve your credit score. This provides you more lending power down the line for lower interest loans and credit cards.

Finance a Car with Bad Credit at Preston Kia

To learn more about financing a car with a bad credit score, leasing a used car, or what you can do to improve your chances of qualifying for a loan, contact us online or visit our finance department in Burton.