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

Trying to secure a car loan when you have less than stellar credit or no credit may seem like a challenge. However, the finance team at Land Rover Monmouth can show you how to get a car with bad credit and actually improve your credit along the way. Learn more about how to get a car loan with bad credit, so you can get behind the wheel of the new Land Rover or pre-owned vehicle that is the best fit with your lifestyle and budget. We’ve helped drivers from throughout the Rumson area explore their options when it comes to bad credit car loans and we’re ready to do the same for you, so come see us in Eatontown today!

How to Get a Car with Bad Credit

Are you faced with the problem of finding out how to get a car loan when you have bad credit? Bad credit car loans don’t have to be complicated or difficult to negotiate. In fact, you’ll find that the friendly loan team at Land Rover Monmouth will make the process easy and straightforward. To start, just apply for financing with us online to get pre-approved, then work directly with our finance experts to set up a payment plan that is tailored to your budget.

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

Bad credit car loans aren’t unusual, and even drivers with no credit can finance a vehicle at Land Rover Monmouth. The following steps will show you how to get a car loan with bad credit or no credit:

• How much you can afford to pay. Review your current budget to see just how much debt you can take on to purchase a vehicle. Make sure to factor in other expenses like registration fees, car insurance, maintenance costs, and gas costs. 
• Make a bigger down payment. A larger down payment will not only help lenders to see you more favorably as a borrower, it will also result in a smaller loan balance to pay off with less interest paid over the course of the loan.
• Try to improve your credit score. Check your current credit score and make sure the information is correct. If you find any errors, you should dispute them because they could be negatively affecting your credit score. Start to pay off any outstanding debts where possible. Even making small payments can help to boost your credit score. 
• Be reasonable about what kind of car you should buy. It is very tempting to overreach when it comes to choosing a vehicle, but you should focus on selecting a vehicle that will fit your budget. 
• Shop around with lenders. The first offer you receive isn’t necessarily the best one available. Apply for financing with a few different Colts Neck-area lenders and compare the terms and rates given to see which is more in line with what you can afford. 

How to Get a Car Loan with Bad Credit: Improving Your Credit Score

As noted previously, taking on a bad credit car loan is a good way to fix your credit score. As long as you keep up to date with your monthly payments, it will actually help you to improve your credit profile and credit score. Over time, you will garner more lending power for lower interest loans and credit cards.

Explore Your Bad Credit Loan Options at Land Rover Monmouth

If you are stressing over how to get a car with bad credit, make it easy on yourself and stop by our dealership in Eatontown. We can help you get a car loan no matter what your credit history may be. Our flexible financing, competitive pricing, new vehicle specials, and pre-owned vehicle offers have made us the go-to dealership for drivers throughout the Red Bank area. If you have any questions, please feel free to contact us online or call us at (877) 672-8810.