If you’re ready to buy a new or used car but are unsure or know your credit score is subprime, you may not know what to expect or if you’re eligible for car financing options. There’s good news – many car dealerships near Massillon offer bad credit car finance options! While these options tend to have higher interest rates, if you’re in a position to regularly make loan payments or pay off a loan, they are a great option for improving your credit score.
So, what credit score is needed to finance a car? Below is more about average credit scores and car financing options. From there, get in touch with our finance department to discuss your specific options. We’ll make sure you take advantage of every applicable special and rebate for your next car in North Canton.
What credit score is needed to finance a car? The average credit score to finance a car for drivers who bought cars in recent years was 721 for new vehicles and 657 for used vehicles. Even if you fall under 657 considerably, you will most likely be able to secure a bad credit car finance loan to improve your commute from Louisville to Canton. As was mentioned earlier, the lower your credit score, the higher your interest will be. To get an idea of where your credit score falls, see below for a breakdown of credit score quality levels.
The credit score to finance a car will depend on many factors. Even if your credit score falls in the deep subprime range, you can still secure bad credit car finance loans. Here are some tips to secure these:
If you’re ready to purchase your new car, contact our friendly Spitzer Chevrolet North Canton finance department in Akron, and we’ll help you determine whether or not a bad credit car finance loan is right for you! Use the tips we provided to improve your leverage at the negotiating table. If you have any more questions about the car buying process, or about what credit score is needed to finance a car, give us a call!.
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