Getting approved for financing was much easier prior to the recession, but times have changed. We enable you to find a lending company who has your best interests at heart. We’re proud to represent an extensive network of dealers and lenders that offer financing to a wide-ranging selection of borrowers, not just those with exceptional credit histories.
Your auto finance manager will be right there to guide you, leading you from one step to the next through the car-financing process. Feel free to apply online.
Ogden Car Dealers That Take Bad Credit
Bad credit doesn’t have to prevent you from buying your new car. We can pair you with dealerships all across Utah that want to get you the loan you need, no matter your credit history. As with all subprime loans, expect elevated rates of interest, more substantial down payments, and shorter lending terms. But keep in mind, bear in mind you’ll be getting not only a car, but also the opportunity to rebuild your credit. We work with many such dealerships, and they want to get you the car you need. Go here to submit your application.
Documentation That’s Required
If you want to minimize your time on the dealer lot, you must furnish all the documentation considered necessary. As a minimum, you will need the following documents at any lender you apply to:
- Personal Identification
- Proof of Employmentand Residence
- Personal References
If this looks like a lot, don’t be concerned: it’s really easy.
Buy Here Pay Here (BHPH) Car Dealers in Ogden, UT
Known as in house financing, your job is your credit, or we tote the note car dealerships, these dealerships typically have a few fundamental features. They…
- Supply car loans on location.
- Don’t check your credit.
- Want you to make payments every week, often in person.
For folks with horrible credit, Ogden buy here pay here car lots in many cases are the only real option. But keep in mind, the cost of your vehicle will be higher due to exorbitant rates. As if that weren’t enough, it is less likely that your credit score will improve as you pay down what you owe. That is because these car lots have no relationship with Equifax, Experian, and Transunion.
Will This Improve Your Credit?
It’s the truth: a vehicle loan can in fact lead to a better credit score. Getting a car financed:
- Gives you the ability to revitalize your payment history (35% of your score).
- Strengthens your credit mix, or the spectrum of credit under your belt (10% of your score).
Obviously, the opposite is likewise true: you can make things even worse if you fail to make your payments. Of course, the benefits of an improved score are considerable:
- Cheaper insurance and finance rates.
- Higher finance and credit card limits.
- Much better chances of loan approval.