How Can I Get Car Financing with a Bad Credit Score?

Here at Ken Ganley Nissan of Mayfield, one of the most frequently asked questions we hear is, “How do I secure bad credit car loans?” The process can be tricky, however, it’s not impossible! The Ken Ganley Nissan of Mayfield Finance specialists have gone to great lengths to break down how to get a car loan with bad credit for your convenience. Learn how to get a car with bad credit with our savvy consultants below! Then, secure an even better deal by exploring our new vehicle specials today!

How to Get a Car Loan with Bad Credit

Not sure how to get a car with bad credit? Ken Ganley Nissan of Mayfield has got you covered! All you have to do on your end is fill out a secure auto loan application, and our Finance team members will guide you through the rest of your car-buying experience.

Secure Bad Credit Car Loans in 5 Simple Steps

Interested in taking out bad credit car loans? That’s not a problem! However, you’ll want to get your affairs in order to ensure you’re getting the best possible deal for your dollar:

• Determine How Much You Can Afford to Pay – This amount should encompass more than just how much you can afford to borrow. Think about other expenses like annual registration fees, car insurance, maintenance costs, and Orange area gas prices.
• Make a Bigger Down Payment if Possible – Is your credit not great? A larger down payment will help lenders to see you more favorably as a borrower. Additionally, a larger down payment means you’ll have a smaller loan balance to pay off, leading to less interest paid overall.
• Try to Clean Up Your Credit Report Before Applying for a Loan– If you catch any errors, you should absolutely dispute them because they could be dragging your credit score down. If you have any outstanding debts, start paying them down where possible – even making a small dent can help your credit score.
• Be Honest About What Kind of Car You Should Buy – Your focus should be financing a car with an affordable payment (even if it’s not your dream car, truck, or SUV), and one that you can afford to take care of in the coming years.
• Shop Around with Lenders – Don’t assume that the first lender to approve you will be the only one. Apply with a handful of Mayfield and Beachwood lenders, so you can compare the rates of those who approve you.

Find Bad Credit Car Loans with Ken Ganley Nissan of Mayfield Today!

Have any further questions about how to get a car loan with bad credit? Not to worry! Get in touch with us at Ken Ganley Nissan of Mayfield for further finance and insurance information from our savvy consultants today!