Bad Credit Financing

Weighing Credit Score

As you may or may not know, credit score is vital when you apply for loans on things like cars. Your credit score serves as a representation of your ability to pay back lenders. Based on this score, a potential lender will be able to determine what type of loan you can take on and what at what rate.

Credit scores are particularly important when you go to buy a car, because automobiles are sizable investments. As such, most will need to take out a loan in order to get behind the wheel.

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What Is Bad Credit Financing?

If you have a good credit score, you won’t have to worry about getting a loan. Rather the process will be quite easy. If, though, something has happened that has caused your credit score to decline, you may need to pursue alternative financing options when you go to buy a vehicle. Fortunately, here at our dealership, we’ll be more than happy to help.

Sitting down with one of our financers, you will be able to work through your different options. Doing so, you will not only be able to get behind the wheel of a great new ride, but you will also be able to begin rebuilding your credit score.

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Applying for Bad Credit Financing

As you sit down with our team and apply for a bad credit auto loan, our team will of course factor in your credit score. Though, you will also find that we will need to take a number of other things into accounts. These include:

• Debt-to-income ratio
• Available down payment amount
• Potential vehicle trade-in value
• Type and price of car you are looking to purchase

From there, we’ll be able to move forward, helping you obtain your loan.

Learn More About Bad Credit Financing

Have you set your sights on a model here on our lot at Country Chrysler Dodge Jeep RAM? Just beginning to browse? Wherever your head is at, we’ll be happy to help you pursue your bad credit financing options. Just get in touch with a team member, either visiting us in person or reaching out online, and we’ll get the ball rolling.

We’re proud to serve drivers in and around the Lancaster and Reading, Pennsylvania, as well as Elkton, Maryland, areas, and hope to assist you soon!