One of the most common questions drivers ask when looking for a new or pre-owned vehicle is whether you can secure financing with less-than-perfect credit. While a “good” credit is a subjective term that varies by lender, a higher credit score can help you achieve a lower annual percentage rate (APR) on your loan. Most lenders will work with you to create an offer that will suit your needs, even if you have no credit to speak of. However, this likely means you could have a higher APR, require a larger downpayment to get favorable terms, and a cosigner might be required for you to get approved.
To qualify for a car loan from any financial institution, you’ll need to present the following documentation:
Planning on trading in your old vehicle to help finance your purchase? Make sure to have your car’s title and registration so you can prove ownership of the vehicle. Learn about other car-buying tips, like how to defer a payment, with Key Chrysler Jeep Dodge Ram FIAT.
Now that we’ve gone over how to get a car loan, it’s time to find the right vehicle and finance package for you to make those Springfield commutes that much easier! Here at Key Chrysler Jeep Dodge Ram FIAT, our team is prepared to walk you through every step of the way. Whether you want an in-person look at some of our pre-owned vehicle specials or have any further questions about the loan process, feel free to contact us in Xenia for all your local car needs. We can even help you learn about extended warranties while you’re here. Get all of the answers to your car-buying questions, like if car insurance covers the car or driver, when you visit Key Chrysler Jeep Dodge Ram FIAT.
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937-372-4451
Call Now2020 N. Detroit St. • Xenia, OH 45385
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