One of the most common questions we hear as a buy here, pay here dealership is, “Can I get a car loan with a bad credit score?” This is an important question to address because having low credit isn’t uncommon. Unfortunately, with many loans, having low credit means you simply can’t get financed.
Will having bad credit harm your chances of getting a vehicle? Not when you come to Car-N-Credit!
Can I Get a Car Loan with a 500 Credit Score?
Yes! Car-N-Credit has guaranteed auto loans for drivers with a 500 credit score. Whether you have little to no credit or a low credit score, we work hard to help you get financing for the vehicle you want.
We know that a credit score doesn’t show your full picture. Some people haven’t had the opportunity to build their credit. Others fall on hard times temporarily and want to work back up to a good [...]
Have you visited other dealerships only for the finance department to run your credit and say they can’t help you? Not every car buying experience needs to be like that. In fact, bad credit does not automatically disqualify you from buying a vehicle.
The key is to work with a dealership that’s designed to handle situations like yours. At Car-N-Credit, we work with people who have bad credit every day. Despite your credit history, you can qualify for guaranteed auto financing with us.
Bad Credit Doesn’t Have to Hurt Your Chances of Buying a Car
Our financing model is buy here pay here. That means that you buy the car from us, we finance it, and you make each payment with us until you pay off your loan. We even offer two-year payment terms so that you can get your car paid off quickly.
We’ll also work with you on an affordable down payment amount, [...]
Before getting a used car auto loan, you need to take the time to figure out how much you can really afford to spend. Our team at Car-N-Credit can answer your questions and assist you, but the process will go more smoothly if you have done some research yourself. Luckily, there are numerous auto loan calculators available online to help you determine your budget. Here are some of our favorites.
In the website’s auto loan calculator, Bankrate asks you to estimate how much you will borrow, the term of the loan, whether your auto is used or new, and your interest rate. If you do not know the interest rate, there is also a button to find the rate. Based on the information you provide, you will see figures for the estimated monthly payment, the total principal paid, and the total interest paid. There is no figure for the total cost of the loan, [...]