Can I Finance a car if I have bad credit?
I have a poor credit score in the low 500′s. It’s been rebuilding because I’ve made payments to my credit card company and my score has greatly increased. I have no public records or anything serious on my report.
I need a new car and have an extremely steady job, working 7-330 monday through friday. The company is in great financial stability so my chances of being laid off are quite rare. I’ve been there for a year. They love me.
I want to finance a car but have bad credit. Will a dealership still let me finance a car with bad credit? I think there are places that will let me but I’m aware the interest rates will be high. It’s the price to pay for being irresponsible in the past and having bad credit.
Please give me your insight on where I could go to finance a car with bad credit. I’m responsible and have a job to make payments.
Tags: Bad Credit, Car Credit, credit, Credit Card Company, Finance, Finance A Car, Finance Car, Financial Stability, Insight, interest rates, love, Monday Through Friday, New Car, Poor Credit Score, Public Records, Steady Job
3 Comments at "Can I Finance a car if I have bad credit?"
Yes they will, but you will be required to pay a higher interest rate. Just be prepared for it. Carmax will submit your info to 5 different finance companies and you can pick any one of the ones that come back and say they will finance you. Just pick the one with the lowest interest rate.
Good Luck.
You may find it very difficult getting car financing but it’s not impossible. Shop around and don’t jump on the first deal that you are offered just because you think no one else will offer you a better deal.
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Like the commercial says, call 1-800-BAR-NONE. Nobody ever gets turned down for financing!