We understand the obstacles that come with getting a car loan, especially if your credit score is low. It’s best to work with a dealer or lender that caters to people with your level of credit. We’re very pleased to work with an unrivaled network of dealers and lenders who can pre-approve you for financing online, lending you several key advantages:
- Faster funding.
- Increased negotiating power.
- More self-assurance on the lot.
Go ahead and apply online. We will pair you with a finance specialist to lead you right into your new car.
Bad Credit Car Dealerships in Stockbridge, GA
If you suffer from some credit problems, dealer financing is likely the only option you have, as the vast majority of banks in Stockbridge will be hesitant to lend to you. There are dealers, however, that can get you the loan you need at at a rate that’s reasonable. Since you’re a higher-risk borrower, expect steeper interest rates, heftier down payments, and more exacting repayment conditions. However, keep in mind you’ll be getting a car, of course, but also the opportunity to re-establish your credit. Here at Motive Auto Finance, we work with many of these dealerships, and they want to get you the car you deserve. Go here to apply online.
Verification Documents for Stockbridge Drivers
It’s possible you’ll be asked to take certain documents with you to the dealer. Lenders have to know that you can legally drive the vehicle being financed, so it’s imperative that you have your license. If your credit isn’t perfect, lenders will need to check your income through paycheck stubs or tax returns. Any vehicle you get financed must be protected by a full coverage policy until all of the payments have been made. Proof of residence can be provided by submitting one of your recent utility bills. Lenders want to know where to find the vehicle if they need to repossess it.
Before you visit the bank or dealer, make sure you have all the documentation you need.
Stockbridge Buy Here Pay Here Car Lots
In house financing, better referred to as buy here pay here financing, keeps growing, mainly because so many consumers’ credit scores were hit by the economic crisis. Sure, they rarely pull your credit, meaning your credit problems ought not be a hindrance to getting approved, but you really pay for this in the long run.
You will see that used autos are the only ones for sale, and these are not no down payment car loans. In most cases, the down payment matches what the dealer paid for the vehicle in the first place, and lending rates equal to the state’s maximum legal limit shouldn’t come as a surprise. There’s a reason why these dealerships have a lousy reputation. We want to place you with a reputable dealer who can get you financed, even if your credit is really bad.
Revitalizing Your Credit in Stockbridge
If your credit has seen better days, you may be worried that financing a car will worsen it. In fact, financing a car is a good way to improve your credit. Applying for and paying down a loan, on schedule and as agreed, reveals that you are a great borrower, which means lower interest rates and more beneficial terms down the road. Payments missed, meanwhile, can reduce your FICO score, and fast! You shouldn’t undervalue the merits of a much healthier credit score. It makes life so much quite a bit easier and more affordable, and you just need to pay your lender by the due date month after month.