Are you in need of a car, but your credit needs some work? Whether you have poor credit, you’re wondering about financing a car with no credit, or you’re a first-time car buyer, you are probably wondering if financing a car with bad credit near Altoona is a possibility. You can, but it could be a little more difficult than if you had more established credit – but it’s not impossible. Learn how to get bad credit car finance and financing a car with no credit with the experts at the Blue Knob Auto finance department.
Bad Credit Car Finance: Tips for Financing with Bad or Even No Credit
When you’re financing a car with no credit, or your’re financing a car with bad credit, you’ll have to keep in mind that the down payment may be more than the average and the interest rates may be higher. Go in knowing your budget — with helpful tools like our payment calculator and value your trade calculator — and leave some wiggle room so you can stay within your planned budget. And be sure to remember these tips:
Don’t Assume You Won’t Be Approved
You may think that only certain financing options are available for buying a car with no credit, but that’s not always the case. Ask our financial experts about your financial options so you can make the most informed decision as you search for your next Pittsburgh driver.
Improve Your Credit Score if Possible
If you have bad credit, build it up if you can. Work out a payment plan and start paying off any outstanding debts. You can also use your credit card on small things and immediately pay it off. This will have your score up in no time.
Apply for Loans the Smart Way
When you’re applying for an auto loan, whether it’s at a bank, credit union, or Blue Knob Auto, remember your credit score can take a hit. Keep all of your loan applications within 14 days to limit any potential damage to your credit score.
Don’t Accept Just Any Offer
One of the most important things you need to understand is that the first offer isn’t the only one! You don’t have to accept the first offer you’re given just because your credit needs work. Many dealerships go through multiple lenders, so if you think there’s a good chance you could get a better offer, there’s no harm in trying for it.
Be Prepared for Higher Costs
You may receive higher interest rates, a larger down payment, or both if you have no credit or bad credit. Keep that in mind as you go through the process.
Apply for Bad Credit Car Finance at Blue Knob Auto
Our finance team in Duncansville works hard to help you obtain an auto loan that fits within your budget. We’ll answer any questions that you have about financing a car with bad credit and help get you behind the driver’s seat of a used vehicle that’s going to take your Hollidaysburg drives to the next level. Have any questions? Give us a call!
