Poor Credit Car Loan Enterprise AL
Poor Credit Car Loan Enterprise AL
Bondy's Toyota Finance Center
Are you in the Enterprise area? Or maybe somewhere like Dothan or Andalusia? We know that it can be a stressful experience trying to find yourself the car of your dreams, but at Bondy's Toyota, we are always here for you. Our customers are what matters to us the most, and we're prepared to do whatever it takes to make sure that you are happy. This doesn't just include having an inventory of vehicles that can help you, but the entire process itself! No one will ever be turned away from Bondy's Toyota, even those of you who are dealing with poor credit, and need extra help in this area. Our goal is to give you as much information as possible to make sure that you have everything you need to succeed. We'll always be here if you have further questions that you wish to submit by using the form provided below.
What factors go into a poor credit score?
One of the most important things you can do when it comes to your credit score is to keep up with it as much as possible. The more you keep an eye on things, the better decisions can be made with that knowledge. There are a few factors specifically that you should be on the lookout for with your credit score. Not making payments on time is a major reason why you could be dealing with a low score, which means starting to make payments on time can have an immediate impact. Other factors include spending a high proportion of your available credit every month, and having a fairly short credit history. Everything you can do to reduce your monthly credit usage, and extend that credit history, all helps to improve the credit score.
Focus on a down payment
An excellent way to overcome any kind of credit score is to not only understand the monthly payment you can afford but also know how much you can put down as the initial payment. The more you can offer as a down payment, the lower the monthly payment, and the more likely you will be to get accepted for the loan that you request. Down payments help to offset the interest rates that might be offered to you, which is incredibly beneficial for your monthly payments, and the chances that you have. Our finance team will be here if you have any further questions about down payments and suggested numbers.
Get pre-qualified
Something that we recommend to all of our customers, regardless of where they are in their credit journey, is to get pre-qualified! This step allows you to understand the estimated loan terms that can be available to you, and avoids hard credit checks that could reduce your credit score even further, even if it's briefly. From there, you'll be able to find the best deal for you, and utilize those numbers when shopping around for the Toyota that is right for you here at Bondy's Toyota.
Utilize a co-signer
If you have someone that you trust in your life who is willing to lend a hand, getting a co-signer on board could be a great way for you to get behind the wheel of the Toyota that you've been eyeing! This co-signer needs to have a steady source of income, a great credit history, and a strong credit score. Should someone like that be available to you, this is a good way to build up your own credit with on-time payments that you make!
Finance a Toyota at Bondy's Toyota
We hope that after learning more about getting a car loan with a poor credit score you'll understand why this shouldn't be as tricky as some people want you to believe! You deserve the best of the best, and at Bondy's Toyota, we'll always be here to help you along the way. Our finance team is excited to answer any of your questions, and provide the necessary boost to any fears you may have. Stop by today, or use the form below!
How can we help?
* Indicates a required field
