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Buying your first car can be a challenging experience. Most first-time buyers don’t have the money to pay for the car upfront. So they need loans to acquire their new vehicle. But in most cases, getting a loan requires a decent credit history and rating. 

The good news is that you can still get a car loan even without a good credit history. Let’s look at how you can start planning for that first car.

Pick a Car

The first step in the process is to choose a car that suits your budget and preferences. When you have a vehicle in mind, go through its features. It can also help to know what other customers have to say about it, so take time to research and read reviews.

how-to-buy-a-first-car-without-credit-historyChoose [...]
buy-car-without-cosigner

For people with bad credit, no credit, or poor credit history, getting a car loan can seem like it is outside the realm of possibility. However, that is not always the case. You can buy a car with bad credit without using a cosigner, and this article explains how. 

What Credit Score Do You Need To Get A Car Without A Cosigner?

Most financial institutions require a credit score of 650 or above in order to qualify for a good car loan. If your credit score falls below this score, many times they will require a cosigner for the loan. This consigner is the person who is responsible for the loan payment if you fail to pay them. However, for people who don’t have someone who can be a cosigner, this can come as bad news, but all hope is not lost. 

What Can I Do If I Have Bad Credit And No [...]
guaranteed-loan-approval

Purchasing a car is already stressful enough without having to worry about your credit history. Thankfully, guaranteed loans are available for individuals with bad or non-existent credit. The team at Car N Credit is available to help you get a guaranteed loan and purchase a vehicle.

What is a Guaranteed Loan?

For individuals who don’t have a credit history or who have a low credit score, getting a loan from a typical bank is difficult. Instead of relying on a bank, some dealerships offer customers guaranteed loans. A guaranteed loan is a promise of repayment on the loan by the dealership should the payer default. This means that instead of working with the loan institution, you work with the dealership to arrange payments. At Car N Credit, we offer guaranteed loans to individuals who live within a 60-mile radius of our dealership. 

Information Needed to Buy a Car with a Guaranteed Loan

Are you planning to buy a car? If yes, you most probably are considering a loan. 85% of new car purchases in the country are financed. But when you apply for a loan, you need to consider your credit score.

What Is a Credit Score?

The credit score is a system designed to identify the creditworthiness of borrowers from the perspective of a lender. You can get a score of anywhere between 300 to 850. The higher your score, the better you look to lenders.

A high credit score means getting better rates with lenders. That is because they see you as someone trustworthy.

That said, several factors can affect your overall score. These include: 

  • Previous loans
  • Length of credit history
  • Types of credit 
  • Total amount you owe
  • History of your payments

If you miss out on payments or do anything that [...]

can-i-get-a-car-loan-with-a-500-credit-score

When you have a 500 credit score, how do you find the best auto financing? And is it possible to get the right car when on a tight budget? Luckily, at Paul Sherry’s Car-N-Credit, you can get a car loan with a low credit score. As one of the leading car financing dealerships, we work with any credit score.  So we are here to offer a great price and auto financing for your dream car.

We Don’t Pull Your Credit

Our company won’t pull your credit score when applying for auto financing. Instead, we aim to have you behind the wheel of the right vehicle. So when you apply for an auto loan with us, know that you are in good hands.

We have worked with local and national lending companies for decades. And today, we can use our connections to ensure our customers get the car they want. 

That way, [...]

shop-our-100-credit-approval-car-dealerships-near-me

Are you looking for a guaranteed auto loan approval that you can trust? Paul Sherry Car-N-Credit is one of the leading auto financing dealerships. And we aim to get you back on the road with the car you desire. 

Also, we offer a flexible financing plan that fits your needs. Plus, we help clients understand how to get 100% credit approval. 

100% Credit Approval

Our company is dedicated to giving our customers a simple car financing process. You can get your car before we even file your papers. We want you to save time and money and get behind the wheel of your dream car. 

We are one of the leading auto financing dealerships. Over the years, we have partnered with various local and national lenders. And we use our connections to help our clients get the best auto financing rates. That’s why we offer our customers the best plans.

what-credit-score-do-car-dealerships-use

Car dealerships rely on credit scores to determine if customers are eligible to receive a car loan. But what credit score do they use? What is your likelihood of approval? And what happens if you have no/bad credit? Our team at Car-N-Credit is here to answer all those questions and more!

What Credit Score Do Car Dealerships Use?

When purchasing a car, most car dealerships run your credit score to determine if you are eligible for a loan. These scores come from a variety of different credit bureaus (TransUnion, Equifax, and Experian) that collect data from creditors. Based on the length of your loan, the remaining balance, the payment history, and the monthly payment, you are given a credit score. This credit score is a measure of how “risky” it is to offer you a loan. Most car dealerships use the FICO Score 8 scale to determine your eligibility for a loan.  

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easiest-car-financing-in-dayton-ohio

Welcome to Paul Sherry Car-N-Credit! Choose us for our reputation and what our customers say about us. With an A+ score in our customer reviews, we clearly offer our customers top services.

It’s our mission to make sure you find your next car with us. With several services areas, excellent customer service, and a wide selection, you will get a vehicle and a car loan that’s best for your needs.

Servicing Dayton and Surrounding Areas

When applying for your loan at Paul Sherry’s Car-N-Credit, know that we will take care of you. We have strong connections with regional and national banking institutions to help offer top-value vehicles in the region.

We are also a long-standing member of the Dayton community and the surrounding areas. Because of this and our extended reach, we have great purchasing power that we pass on to our clients.

Bad Credit Car Loans By Car-N-Credit

We [...]

At Car-N-Credit, we understand that you are more than your credit score. That’s why we offer car loans for everyone! No matter what your credit score is, we have a loan arrangement that will work for you. With multiple serviced areas, friendly staff, and a selection of vehicles you are sure to find a vehicle and a car loan that works for you.

Servicing Piqua and Surrounding Areas

As a long-time member of the Piqua area, Car-N-Credit has been able to form many connections to local and national credit unions and banking institutions. Because of this, we are able to offer car loan options to people with any range of credit scores. Bad credit, good credit, no credit—we take it all! Our phenomenal car loan options are available to anyone living within 60 miles of Piqua, Ohio. This includes residents in the surrounding areas such as Dayton, Troy, Sidney, Lima, Vandalia, Urbana, Springfield, Greenville, [...]

When you have a credit score under 500 it can be difficult to find a dealership that is willing to work with you, is reputable, and won’t try to send you off with a crappy car. Thankfully, for people living in the Piqua, Ohio area, this doesn’t have to be the reality. With Car N Credit, you can get a car loan with a credit score under 500. 

Car N Credit Car Loan

Car N Credit prides itself on its friendly and knowledgeable staff. Right when you arrive at Car N Credit, our staff is there to walk you through the car-buying process. You are more than a sale, or a way to make a bottom line. We don’t want you to walk away with debt you can’t handle and a car that doesn’t work. We want to get to know your needs before you even sit in one of our cars. 

At Car N [...]

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