If you’re one of the many Port Orange drivers unsure of whether your credit score is good enough to finance a car, Daytona Mitsubishi is here to help. The good news is that many dealers offer great bad credit car finance options. Although that idea may make you a bit apprehensive, taking out a loan when you have the ability to repay it is a great way to boost your credit score. Below, you can learn more about bad credit car finance options.
The target credit score for securing a car loan is 660 or above. This score should net you a car loan with an interest rate around 6% or below. In any case, the lower your credit score, the higher interest you’ll pay. Here’s a breakdown of the different health categories for credit scores:
If you’re credit isn’t great, you can still get a car loan, but you’ll want to keep the following points in mind:
Do you still have questions about your bad credit car finance options? Our finance experts are here to assist you! Don’t hesitate to contact us online or call us at 855-940-4360 to speak with one of our friendly team members. In the meantime, you can get the process started by applying for financing online from the comfort of your home or office!
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