Financing with Bad Credit Score

How to Get a Car Loan with Bad Credit

With a little planning and preparation, you can increase your chances of getting approved for a bad credit car loan and hitting the roads of Delray in a new or new-to-you vehicle. Here are some questions to answer that will help you get organized, set a vehicle budget, and make yourself more appealing to prospective lenders:

• How Much Can I Afford to Spend? When determining your new vehicle budget, keep in mind that the cost of car ownership is more than just the sticker price or the amount to be financed. It also includes registration fees, car insurance, gas and maintenance, and other expenses.
• How Much Money Can I Put Down? Aim to put down as much as you can toward your next vehicle. Not only will a larger down payment decrease the amount you have to finance, but it will also show lenders you are serious and have the resources to afford your new vehicle.
• How’s My Credit Report? Lenders will check your credit report, so you want to make sure that it is free of errors. Order a free credit report from any of the major bureaus, and if you spot any mistakes, such as paid-off balances showing up as outstanding, file a dispute right away.
• What Kind of Car Should You Buy? While you should certainly buy a car that checks most if not all the boxes on your wishlist, keep affordability in mind. This is a long-term financial commitment that you want to be able to comfortably afford both now and well into the future.

Apply for a Bad Credit Car Loan at Al Packer Ford West Palm Beach

Now that you know how to get a car with bad credit, why not start the pre-approval process? At Al Packer Ford West Palm Beach, we make it easy–just fill out an application on our website and get pre-approved in minutes. We will guide you through the process and help you drive off our West Palm Beach lot with a vehicle that exceeds your expectations…and not your budget.