How To Get a Car Loan With Bad Credit

Credit History
 

At Suntrup Kia South in St. Louis, customers often ask us how to get a car loan with bad credit. Our finance specialists are here to help you figure out how to get a car loan with bad credit, and we are experts in car loans for bad credit. Find out how to get a bad credit car loan below, and then check out our new or used Kia inventory to get started. 

How to get Car Loans For Bad Credit?

If you’re wondering how to get a car with bad credit, you’re in the right place. The finance team at Suntrup Kia South will do everything they can to get you a bad credit car loan. All you have to do to start the process is apply for financing online or get pre-approved at the dealership. We take the hassle out of auto financing around St Louis. 

Steps To Take To Get a Bad Credit Car Loan

If you’re thinking about taking out a bad credit car loan, these are some things to do beforehand to ensure you’re making a wise financial decision.

  • Try to Make a Bigger Down Payment: If you have poor credit, a larger down payment will help lenders view you as less of a risk. Plus, a larger down payment means you’ll start with a smaller loan balance, which will save you on interest in the long term. 
  • Set a Budget: This amount should include more than just how much you can afford to pay every month. Consider other expenses, such as annual registration fees, auto insurance, maintenance costs, and fuel. 
  • Make an Effort To Improve Your Credit Before Applying for a Loan: Check your credit report for errors and dispute them as necessary. If you have any outstanding debts, try to pay them down as much as possible. Even making a slight reduction in overall debt can help your credit score. 
  • Shop Around For a Loan: Don’t assume that the first lender that approves you for a loan is the only one. Apply with a few lenders so you can compare the rates and be confident you’re getting a fair deal.
  • Be Honest About What Kind of Car is Best For You: Your focus should be on financing a car that you can afford, even if it’s not your dream car. There’s plenty of time for that in the future.

Many Jefferson County drivers don’t realize that taking out a car loan with bad credit and making your payments on time every month will help you improve your credit score and give you more lending power in the future.

Get a Car Loan with Bad Credit at Suntrup Kia South

Now that you know how to get a car with bad credit near St Charles, reach out to us at Suntrup Kia South to get started. We have several online tools to help you. You can estimate your monthly payment, get a trade-in value, and even get your credit score. Just let us know how we can help when you contact us

 

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