It is smart of you to search for financing ahead of time, as there are many benefits:
- Much less time spent on the dealer lot.
- Possibility of a lower rate of interest.
- Greater negotiating power.
We’ve spent years building relationships with dealers and lenders across the nation, and that means we can help applicants get pre-approved for a car loan, even if their credit isn’t perfect. We will match you with a lending consultant who can help you arrange the auto loan necessary for the vehicle you prefer.
Kennesaw Car Dealerships for Bad Credit
Some dealers that provide car loans directly, often known as buy here pay here dealers, don’t pull your credit. However, chances are they don’t report to the credit bureaus, meaning they won’t help you fix your credit. You are better off finding a dealer that can find you financing through an off-site lender. Since you’re a higher-risk borrower, you can expect steeper rates of interest and larger down payments, along with shorter lending terms. Having said that, they will line up your financing through lenders that report to the credit agenciesenabling you to rebuild your credit. There are many of these dealerships in our network, and they want to get you in the driver’s seat of the car you deserve. Go here to apply online.
Documentation That’s Required
If you’d like to simplify the process as much as possible, it is important to provide all of the required documentation. There aren’t too many lenders willing to finance a consumer who lacks their driver’s license. Lenders usually require you to provide a couple of recent pay stubs that show your income, but more may be requested if your credit isn’t up to par. Any vehicle you finance must be comprehensively covered by insurance until the borrowed funds have been entirely repaid. Address verification is an additional requirement, and a simple one: all you have to do is bring recent documentation or correspondence with your address on it. Bills and leases work well. These are typical requirements. However, these vary from one lender to the next. Consult an auto finance expert, and they will help you get approved.
Kennesaw Buy Here Pay Here Dealers
Buy here pay here dealers would love you to think that nobody but them will finance you, but this is very rarely the way it is. Dealers like these will finance almost anyone, no matter their credit, but you will find issues.
- Ridiculous Rates of Interest
- Exorbitant Down Payments
- Steeply-Priced Cars and Trucks
- Ignition Interlocks
For this reason, these retailers don’t have a good reputation. Let us place you in the hands of a reputable dealer who can get you the funds you need, regardless of your credit.
Restoring Your Credit in Kennesaw
There are three major credit bureaus:
In all likelihood, your bank or finance company will report your payments to these reporting agencies, giving you a chance to raise your credit. Applying for and paying off an installment loan, on schedule and as agreed, illustrates that you are a responsible borrower, resulting in lower rates and more advantageous terms down the road. Your score is not going to rise the day you pay back your loan. Rather, it will go up bit by bit as you keep making payments each month. A lot of banks and lenders allow you to set up an automatic payment each month, so the money is deducted straight from your bank account.