Can You Buy a Car With Bad Credit?

January 17th, 2019 by

Having bad or no credit can definitely hinder a lot of different situations. In fact, your credit history plays a huge role in the car loan approving process. Unfortunately, purchasing a vehicle with bad or no credit can be challenging, even if you have the income and a stable employment history.

But bad credit doesn’t have to stand in the way of a new ride here at Fred Martin Nissan. We’ve compiled a list of tips on how you can prepare.

Clean Up Your Credit Before Shopping

Do your best to pay off past-due accounts, dispute credit report errors, and add positive data to your credit report prior to shopping for a new or pre-owned car.

Avoid Additional Bad Credit Items

Be on your best behavior monetary wise. Don’t take on any major credit obligations, including new credit cards.

Check Current Interest Rates

Check online for the latest average automotive loan rate to get a better understanding of what your rate may be.

Save

Your poor credit standing may limit the size of the car loan you can get. A high interest rate will make the amount even lower. Save up in an effort to make a down payment on your new car.

Consider Financing with Fred Martin Nissan

We offer comprehensive Nissan car financing, along with extremely competitive rates and terms. Effortlessly apply for financing today by going to our website and filling out our financing application form.

To learn more about how we can help you, get in touch with our Nissan dealers serving Akron, OH today. We look forward to making your new car dreams a reality.

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