At Performance Motors, we’re more than happy to get anyone into the car of your dreams – even if you happen to have poor credit. However, if you happen to have bad credit, there are a few things you can do to make the process much smoother for everyone involved, and to ensure you’re getting the best rates on your new purchase. These include:
Clean Up Your Credit Report
Sometimes, the professionals who calculate your credit score can make errors regarding addresses and other information. This can drag your score down, making your financial history look worse than it actually is. Try to get these errors fixed before coming to the dealership to get better loan terms.
Get Your Credit Score
Before you come apply, it’s worth your time to search up your credit score on the internet and to print a thorough report. You can offer these to the professionals who manage your financing at our dealership in order to give them a better picture of your real credit history. Not all credit reporting companies offer an identical score, so having multiple reports can give our professionals a better idea of your financial history.
Keep Your Options Open
While we’ll work hard to get you into your ideal vehicle, sometimes we have limitations on the financing amounts we’re allowed to offer our customers with bad credit. Therefore, try to keep an open mind when looking at our stock of cars, and don’t come in with your heart set on any one specific vehicle.
Taking these steps can help you to get better terms overall for your bad credit car loans, and helps to ensure you’re getting payments you can manage in the coming months. We’re here to get you into a great vehicle no matter what, but taking these steps can make things go more smoothly.
Buying a quality used car can be a good way to save on transportation costs. If you’re interested in obtaining a loan for a used car, the experts at our dealership can help you get the financing you need. Even if you have bad credit, we are experienced in finding loan solutions for your particular situation. You can be behind the wheel of a great pre-owned car in just days with our program of used car loans.
Once you find the car of your dreams, the next step is thinking about financing. There are many different kinds of car loans. Some people prefer to pay off their car on a 3-year loan, with a smaller overall cost than a 5-year loan. By choosing a shorter term, you can trade larger monthly payments for quicker ownership and a lower price tag. Our financing team is ready to work with you, finding the perfect loan to fit your individual needs and the needs of your family.
Do you have bad credit or slow credit? There’s no need to worry about financing your used car. We are happy to work with people in all sorts of financial situations and get that vehicle paid for in an efficient, affordable manner. Our dealership can offer competitive financing terms for customers with a bad credit history. In fact, taking out a loan with us will help build your credit in the long term.
When you get a used car loan from our dealership team, you’re also building a partnership with people who know your car and its particular needs. We can set up a maintenance schedule for you along with your regular car payments. Whether you need an oil change or a coolant check, we are here to do all the required maintenance for you.
Getting a used car loan doesn’t need to be a challenging process. By contacting our financing experts, you can find the exact solution that works best for you and your family.
The world of car shopping can involve quite the range of emotions including excitement, stress, confusion, and anticipation. The contributing characteristics that will play into choosing the perfect vehicle for a person will obviously vary from individual to individual. As you prepare to begin shopping for this exciting and necessary investment, remember to take the time to consider these basic tips before looking at our wide selection of quality used cars.
While a vehicle is one of the more necessary requirements in the lives of many people, it can also be one of the most expensive. Perhaps you are overwhelmed by the rumors you have heard of people having a difficult time coordinating financial needs with payment plans, interest rates, and the whole process of trying to get approved. Fortunately, we have gone to great lengths to facilitate this process to make it a bit easier and less intimidating. Once you have determined how much money you have available, it is time to come look through our inventory to determine which cars will meet your needs.
A person’s own preferences are one of the largest indicating factors of choosing one vehicle out of many used cars. Things such as color, amenities, accents, and operational components may all play into your personal preference when looking for a vehicle. You may find it helpful to compile a list of these things beforehand so you have a visual of the kind of product you want when you begin to shop.
Maybe you are a bachelor looking for a sporty car to go along with your new job. Perhaps you are a working mother who needs that perfect vehicle to transport children between various activities. Looking into the reason you need to buy a vehicle may help you to make a smarter selection, as well as choose a car that will offer efficiency and convenience.
When you work with any one of our reliable salesmen, you can receive detailed information regarding the vehicles we have for sale. Before you begin looking through our great selection of used cars today, be sure to think about your budget, personal preferences, and reason behind buying a new vehicle.
When your teenager reaches driving age and wants a car, you will probably have many decisions to make. Not only will you have to compromise with your teen when it comes to what you will pay for and what make and model is acceptable, you will also have to consider which used cars are the safest for him or her to drive. If you’re ready to buy your teen a car, we’re here to help with a few tips that might make the processes easier.
While your teenager probably has a make and model already in mind, you may want to make some boundaries clear before you start browsing used cars together. Not only will price be a factor, but it can be expensive to insure teen drivers as well. Their age and inexperience make them a considerable liability to many insurance companies, so choosing a no-frills vehicle may help you save money.
Do Your Homework
While we can help you choose a safe used car for your teen, it might also help if you perform some research on your own before you visit our lot. Take the time to discover which used cars have the best safety ratings, which ones have additional safety equipment that might keep your child safer and which are the least expensive to operate. The more you know before you begin to look at individual cars, the easier it might be to arrive at a decision.
Prepare Your Teen for Test Drives
Even if you will be doing much of the legwork and putting up the cash for your teen’s car, you may still want to prepare him or her for what will be involved with test driving vehicles. Teach them what to look and listen for and help them prepare a list of questions to ask our sales associate for during and after a test drive.
Buying your teenager his or her first used car doesn’t have to be a headache. Compromise, research and careful planning can all ensure a more enjoyable buying experience for you both.
It’s time to hit the road for a trip, but you’ve known for quite awhile that your current truck needs to be replaced. The days of its sleek finish are long gone, and it is hard to hear the radio thanks to the loud engine noise. You may have a lot of questions about your new set of wheels. We have the answers you need. Visit our dealership, and you will find a plethora of used trucks. We will help you pick a truck that fits your lifestyle and budget.
Before you visit, there are a few questions you can ponder. Think about how you will use your new vehicle. Will you need a compact truck, a mid-size truck or a full-size truck? A compact pickup truck might be right for you if saving money on gas is important. Compact trucks usually get better gas millage than larger sizes.
Do you need to be able to tow equipment or a boat? With a compact truck, you will be able to tow about 3,000 pounds. This truck can handle most boat towing tasks. If you have a larger boat, you may want to upgrade to a mid-size truck or a full-size truck.
Will you and a bunch of friends be heading to the lake for a fishing trip every weekend, or do you usually travel alone? It’s important to determine the amount of seating you will need in the cab section. A standard cab offers either one long bench seat or two bucket seats. It does not offer a second row of seating, but there is room for storage behind the seats. An extended cab offers a row of seating behind the front seats. This design offers either jump seats or a bench seat.
Most of our sales representatives have many years of experience selling used trucks. They are knowledgeable, friendly and will work hard to find you the right vehicle. Visit our website or call the dealership to learn more about what we have to offer.
In order to make any large purchase, you must decide how you are going to pay for it. Unless you have the full price of the car saved when you are ready to buy, you will likely need to finance the vehicle into reasonable monthly payments. Sailing through the sea of car loans can be a hassle, though. To help you navigate those waters, the dealership can offer both financing and deals that you cannot get anywhere else.
Financing your next vehicle through the dealership is a great way to find the loan that is perfect for your life and your budget. We are highly motivated to help you find the loan that makes buying a car off our lot possible. The dealership fosters relationships with lenders and is therefore better able to assist you with finding the right lender and the right loan for you. If you need to extend the term of your loan or need a loan that caters to mediocre credit, the dealership’s experience can come in handy. We want to see you driving off in your next car as soon as possible, and we will work to get you the financing to make that happen.
If you have great credit, getting a loan through the dealership can come with even more perks. For example, some dealerships are able to finance an introductory interest rate of below 3% on a newly purchased vehicle. At other times, discounts might be given off the total price of the car. Only by establishing car loans through the dealership are you are able to take advantage of these deals when they are offered.
There may be many ways to pay for your next vehicle, but only one way lets you take advantage of the experience and special deals offered by the dealership. Securing your car loan where you buy it has its benefits.
Buying used cars is a smart move, and there are even ways to make it smarter. We can guide you through the process so you drive off our lot with a nice car at a really nice price. One truly smart move is to buy a newer used car, one that is between one to three years old. This is often the sweet spot for getting a good deal and a fine vehicle.
Everyone knows a new car loses a large percentage of its resale value when it is driven off the lot. Some estimates are as high as 30 percent. After that, the depreciation of a car stabilizes for several years. When the car gets much older, depreciation tends to speed up again. When you buy a newer used car you can also benefit from lower maintenance costs. It could be years before brakes, tires, batteries and windshield wipers need to be replaced. Larger repairs such as transmission or engine work could be even further down the road.
Newer used cars tend be very reliable, making the prospect of being stranded somewhere unlikely. Dependability in a car is one of the things people value the most. Not only can breaking down in an unfamiliar place be expensive, it could also be dangerous. Most people do not want friends or family members driving an automobile that could break down.
With a used car that is only a year or two old, you should be able to enjoy all of the latest technology for safety, comfort and performance. These cars will likely have such features as Bluetooth, lane stabilization, rearview cameras, passenger side airbags and many other advances. With savings from buying a used car, you might even be able to afford a loaded vehicle.
We believe used cars are a wonderful value. They offer value, reliability and smart technology all at once.
Buying used cars can be a challenging endeavor, especially if you’ve never undergone the process before and don’t quite know what to look for or expect throughout the process. In some cases, inexperience can land you with a dud of a car. However, this doesn’t have to be the case. We’re here to help you understand how to properly shop for your used car, and to ensure you’re getting the best deal for your cash when you finally make the deal. For the best results when making your new purchase, consider the following when making your selection of our available options:
Don’t Buy More Than You Need
Even if you find a great deal on an SUV, minivan or truck, that doesn’t mean that you should buy more than you need. Assess your needs before selecting the used car for you. How far will you be traveling normally? How many passengers do you expect to have? What sorts of events or work will the vehicle be used for? These are all things to consider when selecting the right size and type of used vehicle for your future needs.
Know the Car’s History
We would never dream of selling you anything less than a great used car, but it’s always good to know a bit about the ride’s history, just in case. Prior accidents and other issues can greatly impact how a car, truck or SUV handles on the road, and should be taken into consideration before buying.
Be Aware of Your Budget
At the end of the day, we want everyone to happy with the deal that’s made at our business. In order to make that a possibility, you need to keep your budget in mind when making your selection. Even if one of our cars seems exceptionally undeniable in the moment, that doesn’t mean you’ll be able to afford the monthly payments down the road.
Therefore, be mindful of how much you can spend. By following these tips, you can make sure your next search for used cars is a successful one, and you find the perfect ride for your needs and your budget.
When looking to buy a car at our dealership, we want you to get the best rates available for your loan. You can do this by following these tips and knowing what to ask for when you get here. These factors matter when trying to get the best rate on car loans.
Look for a Low Annual Percentage Rate
APR is the rate of interest that is added on top of your loan payments. The lower your APR, the less money you’ll pay back over the term of your loan. Negotiate for the lowest APR based on your credit history and consider deals we might be offering. For example, sometimes paying low interest with a large rebate might be better than taking zero-interest APR. Do your research.
Make a Down Payment
By making a down payment or trading in your previous vehicle, you won’t need as much financing as those who don’t. This obviously lowers the amount of money you need to pay back. Also, those looking to obtain car loans with bad credit can sometimes get a better APR by making a down payment because it’s less risky for us as your lender. It also shows us that you’re serious about paying in full.
Negotiate a Shorter Loan Term
We often offer car loans varying between 3 – 7 years. While taking a longer term may decrease the amount of your monthly payments, it also adds to the number of payments you make and how much interest you pay over time. By taking a shorter loan term, you’ll repay it faster for less money, so consider paying a bit more monthly to disburse less money over the term of your loan.
Following these four tips will help you gain the best rates for car loans when you buy from our dealership. By negotiating for a lower APR and shorter loan term as well as making a reasonable down payment, you can shave a large amount off the money you owe and the total of each payment.
It can be difficult to understand loans and the process of obtaining them, but we are happy to help to answer all your questions. Even if you have bad credit, we believe that should not discount you from purchasing a car. We work directly with you to ensure you receive competitive loan terms and rates.
Paying Off Your Loan Faster
Paying off your loan faster can be advantageous and there are a few ways to do so. One way is to round up you payments at the end of each month. This simple step can have your car paid off quicker without breaking the bank. Other simple steps to take include shortening your loan or putting more money down initially. This can even lead to lower interest rate because it shows you are less of a risk than your credit entails and dedicated to paying back your loan.
Grasping The Terms
Understanding the terms of your loan agreement including how long and how large each payment is are two factors we can explain and evaluate with you. Opting for a shorter term allows you to pay off your car in a timely manner, but your payments will most likely be larger. If you would rather make small payments over an extended period of time, you can opt for a longer term agreement. Both your loan term and interest rates effect your monthly payments. Your APR also comes into play which is effected by a variety of factors and it includes the interest rate charged on the amount you borrow for the car and any other fees associated with the loan.
We know all the options can make it difficult so we work alongside you to seek out a car that fits your needs and budget. Bad credit car loans are obtainable and our tips and tricks can help you pay off your car quickly.