Special Financing: What you need to know if you have less than perfect credit

“Bad things happen to good people.”  Our special finance manager says this all the time, and she means what she says.  It makes sense though - you can’t predict life.  And when it comes to unexpected bills, sometimes there just aren’t many options.  If you know that your credit is a little iffy, there are some things you should know before coming to the dealership that will best increase your chances of leaving with a car.

1. A lot of banks don’t go by credit score.  Banks that specialize in special finance understand that bad credit isn’t always the customer’s choice.  For that reason, many banks will still buy you as a “person.”  They will look at things like time on the job, stability, etc.  Not every 500 credit score looks the same in the eyes of the bank.  

2. Have your documentation ready and the process will be a lot smoother.  We will need your current pay stub, a current award letter, a current bank statement and a bill from last 30 days with name and address.  Bringing all of the relevant information with you will help the finance managers better do their job.

3. Bankruptcy or repossessions won’t keep you from reestablishing.  Just because either of those things have happened, it doesn’t mean that you don’t deserve a new beginning.  Reestablishing credit is like starting at the bottom of the roller coaster hill - you’re slowly making your way up, anxious and excited, and once you make your way to the top, you get to enjoy the ride!

4. Push, pull or tow your trade in.  Just get it here!  If you have a vehicle you can trade in - even if it’s disabled - it’s going to help you.  Most times it can act as equity which will be in your favor when talking to the banks.

5. If you want to help yourself, we can help you. Our job is to get you started or re-established.  On most occasions you will drive off in a vehicle far exceeding your expectations!  There needs to be an understanding from both parties that rebuilding your credit and getting you into a reliable car is the top priority.  Remember to be open-minded.

Don’t let the fear of credit issues stand in your way of getting into a new car.  Our dealership is well equipped to help in these kind of situations, and we WANT to be able to help.  Now that you have the right tools to get you started, give us a call and let us get your credit turned around!  Click here to contact our special finance department today.