How to Buy a Car With Bad Credit
Here’s a conundrum that’s understandable to a great many; you need to get a car, but have a credit score that’s less than favorable. Before you throw in the towel and assume that you’ll be walking until retirement, don’t despair—you have options that are available. First, it’s important to know that having a low credit score isn’t necessarily your fault. Preparing for major life events like establishing a credit history and understanding how mortgages work aren’t covered in most school curriculums.
There Are Options
One of the best ways you can secure a car loan is to save up for a decent down payment. The more you’re willing to put down, the more likely a lender or dealership will be willing to work with you. It’s also a good idea to be active in monitoring your credit score. Just because it’s low right now, doesn’t mean it will be forever. Your FICO rating can fluctuate from month to month, and checking it often can increase the probability of ownership.
Used and Certified Pre-Owned
While a brand-new car might be out of your range for the time being, that doesn’t mean that you can’t get some wheels for the open road. Buying a used or certified pre-owned car might be an option, and less inexpensive in more ways than one. You’ll notice right away that the sticker price is lower than a new model, but your insurance will also be slightly lower. Brand new cars require full coverage from the insurance company, and those costs can quickly add up.
While you might be concerned as to the mechanical quality of buying used, a certified pre-owned vehicle is covered by a manufacturer’s warranty and is thoroughly inspected before going on the lot to be sold. If you have any lingering doubts, it’s important to remember that as a consumer you have the right to receive a full and detailed history of any car you want to buy.
Certified Headquarters Has Your Best Interest in Mind
Navigating life with a low credit score can be difficult. That’s why Certified Headquarters is more than determined to help you drive off our lot completely satisfied. Like you, we understand that getting the run around can be exasperating, and as New Yorkers, we shoot straight and don’t believe in hiding behind false pretense. We’ll help you finance the car you want, and get you the rate you deserve. Visit us online for a full view of our inventory of used and certified cars. You’ll see why we’re the best dealership on Long Island.