Car Loans for Bad Credit in IN
How You Can Successfully Finance a Used Car at a Bad Credit Car Dealership
Financing a car is an intimidating process, especially when you’re worried about how your credit will impact your ability to get a loan. That’s where bad credit car loans come into play! These loans allow you to finance a used car at an affordable price without your credit score getting in the way.
In order to get a bad credit car loan, you have to go to a bad credit car dealership. Quick Auto is a buy here pay here dealership that specializes in helping customers find a reliable used car, regardless of their credit history.
We understand the complications that come with a lower credit score, so we take all the difficulties out and make the process easy for you. Read on to learn exactly how we can help you finance a used car in no time!
Qualifying for a Traditional Car Loan
To get a car loan from a bank or credit union, you will need a credit score of at least 600. Some lenders may require a higher score. The lower your score, the harder it may be to get a car loan, especially as interest rates on traditional loans continue to rise.
To find out if your credit score is 600 or less, you can request a credit report online, through a resource like Intuit Credit Karma. If you find that it is, and you need a quality vehicle, you should proceed straight to a bad credit car dealership rather than spending time at a traditional one, where you’ll suffer rejection due to your credit score.
Understanding Bad Credit Car Dealerships
Bad credit car dealerships give those with challenged credit histories the opportunity to be approved for a car loan. While a traditional lender might turn someone down because of their credit score, dealerships like ours have flexible and reasonable plans that allow almost anyone to get the used car they deserve.
Bad credit doesn’t mean settling for a lower quality vehicle. At dealerships like Quick Auto, customers can choose from a broad selection of reliable cars, trucks, SUVs, and vans. This variety means that you can find a vehicle that not only suits your needs but also your preferences, all while staying within your budget.
Financing at a Bad Credit Car Dealership
With in-house financing, bad credit car dealerships can offer immediate decisions on loan applications. You can avoid the long waits at traditional dealerships and banks. This fast approval process means that you can quickly and easily move forward with your purchase and get back on the road in no time.
Although we do run a credit check, it is not much of a determining factor for getting a loan from us. Instead, we want to be sure that you can afford a vehicle. This is because we believe everyone should have reliable transportation to get to work, school, and fun events.
We also report your payments to the major credit reporting bureaus. This way, if you make payments on time with us, you can actually improve your credit score while driving your new-to-you vehicle.
Prepare For a Visit to a Bad Credit Car Dealership
To best prepare for a visit to one of our used car dealerships with bad credit, make sure you have all the necessary paperwork and information for loan approvals. This includes:
? Recent pay stubs for proof of monthly income
? Proof of residence, best shown on a utility bill in your name
? Valid driver's license
These identifying documents will make sure you’re able to pay your monthly payments and are eligible for financing.
After you have gathered these, you can get pre-approved online before you visit us in person. This will make the car-buying process even faster.
Before you make your visit to our bad credit car lot, it’s also important to review your current financial situation. Determine how much you can realistically afford to put toward a car payment each month.
Shop at Our Bad Credit Car Dealership in Indiana
At Quick Auto we have everything you need to successfully finance a vehicle, even with bad credit. Don’t let your credit score hold you back from buying a reliable car that’s right for you.
Learn more about the pre-approval process on our website, where you can also browse our inventory
