Lining up your financing upfront is a wise strategy, as the benefits are significant:
- Less time spent on the car lot.
- Potential for a less expensive APR.
- Scheduled dealer appointment.
We work with an extensive network of lenders and dealers, and we are dedicated to matching you to the lender who suits you best. You will enjoy the convenience of working with a committed finance expert to answer your questions and arrange your loan.
Bad Credit Car Dealerships in Wausau, WI
Car dealers that have the expertise to arrange sub-prime financing are, in many cases, known as bad credit car dealers. As compared with a BHPH car lot, such dealerships typically offer less expensive rates and more attractive terms. You may not meet the criteria to finance the newest, hottest car on the lot. Here is an example based on the average per-capita income in Wausau, $2,362 per month:
|Really Bad Credit||6||$14,172|
These estimates are not guaranteed. You may meet the requirements to finance a greater or lesser amount.
An auto finance specialist is standing by, waiting to determine how much you can borrow, and at what rate of interest. To begin, simply submit your application.
Picking a Vehicle: New versus Pre-owned
Used and new cars each have their own merits. In some cases, a used car is best. The rates of interest on new cars are low, yes, but used cars are considerably less expensive.
|New Car||Used Car|
|Age||New||1 Year Old|
Wausau Buy Here Pay Here Financing
People in the BHPH industry hopes you think that you can’t get financed anywhere but with them. However, this usually isn’t the way it is. Dealers like these will approve practically anybody, no matter their credit, but there are drawbacks. Sadly, you will be faced with inflated annual percentage rates, high down payments, and well-used vehicles that are steeply-priced. Is raising your credit one of your goals? If so, you are better off applying through us, seeing as buy here pay here dealerships won’t help you improve your credit.
Can This Rebuild Your Credit?
When you don’t miss payments, a vehicle loan may actually help you re-establish your credit. Getting a car financed:
- Gives you the opportunity to spruce up your payment history (35% of your score).
- Maximizes the array of credit types under your belt (10% of your score).
Conversely, you can make things worse if you fall behind on your payments. It’s difficult to anticipate exactly how much your score will increase, but certain credit gurus have indicated a 5-10% increase monthly.