Don’t panic, because there are plenty of opportunities for people with bad credit to get a car loan. We understand the urgency that comes with needing to upgrade your current vehicle especially if you use it daily to get to and from work or bringing the kids to their activities. We eliminate the amount of time that is spent in the dealership, by offering financing online in the comfort of your home. Or simply stop on to any of our Auto Outlets USA locations in Canandaigua, Webster, or Wolcott. Our finance team has close relationships with our lenders that will help you get financing on a used car, even if you have bad credit.
Bad Credit? It’s Okay!
Today, Experian estimates that one-third of Americans have a FICO score below 670. A score below 670 is considered “Fair”, we have plenty of lenders we work with that give automotive loans to those even with credit scores below 670. There are other factors that can harm your credit score. If you have a history of making late payments or collections, this can damage your score. When filing for personal bankruptcy, your credit score will most likely take a huge hit. Whatever the reason, it is more common than you think and easy to end up with a bad credit score. We recommend signing up with Experian, Equifax, or Transunion to get a free credit report. You are entitled to one free credit report every twelve months. There are also other sources such as Credit Karma that will help you evaluate your credit and see what items could be helping or hurting your score.
There are plenty of dealers who offer financing on used cars with bad credit. We have three locations that do so; Auto Outlets of Canandaigua, Auto Outlets of Webster, and Auto Outlets of Wolcott. Whether you live in Rochester, NY, or Close to Syracuse, NY our team is nearby to help you obtain financing on a used vehicle. One of the best ways and fastest and affordable ways to increase your credit score is by purchasing a used vehicle. There are two major types of consumer credit: revolving credit (for example credit card) and installment loans (auto loans, mortgages, and student loans). By getting an auto loan and a credit card down the road, will show the rating agencies that you are responsible for both types of credit. But having installment payments, such as a car loan will do more for your credit than any other type of credit. Having bad credit is no longer a hurdle for obtaining a used car loan. At Auto Outlets USA, we do our best to make sure you are able to finance a used car from us, by getting the vehicle you need and improving your credit score.
Come into any of our locations along the Finger Lakes, NY region and see how you can get a used car loan despite your bad credit and drive out with a high-quality used car! We have a great team that will make your vehicle buying experience hassle-free and enjoyable.