Securing a Car Loan When You Have Bad Credit
Know Your Credit & Your Budget
A lot of people are unaware of their actual credit score. Some think they have a poor score or no score at all, and then will turn out to have good credit. There are also those who thought they had a good score who find out during an application that there are overdue bills or late payments that have caused their score to drop. Understanding where your credit stands will help you gain perspective in the type of vehicle loan you can expect to be offered.
Lenders make money from offering you a loan, so it is in their best interest to be generous. Although you may be offered a high loan amount, you should set a budget for your car that you can afford over the long term. Decide how much you plan to pay monthly and err on the side of caution. It is much better to be cautious and stick with an affordable payment as opposed to overspending your budget and leaving yourself short in the event of an emergency.
Read More: https://www.goodfellowsauto.com/
How We Can Help
Are you tired of driving around in that old car? It is a perfect time for an upgrade, and luckily, Good Fellow's Auto Wholesalers is here to help. We have around 150 vehicles in excellent condition on our lot. Our team also consists of some of the friendliest and most knowledgeable financial experts around. If you would like to find out how to apply for your bad credit car loan, give us a call at 1 (855) 581-9590 today for more information.
📞 Phone: +1 855-581-9590
📬 Email: firstname.lastname@example.org
📍 Visit our showroom: 3675 Keele St, Toronto, ON M3J 1M6
Good Fellow's Auto Wholesalers