How to Finance a Car if I have Credit Issues

A reality of today’s car market is that the majority of people will need to get a car loan in order to get their new vehicle. Very few people are lucky enough to get a high-quality vehicle upfront and not have to go through a financial process. And that could be made more difficult for people with a less-than-stellar credit history. But you still might need to get a new vehicle, as life doesn’t wait. With that in mind, we’ll go over some basic steps and protocols to keep in mind so you can hopefully get your vehicle. As always, if you ever have questions or want to speak with a professional, don’t hesitate to reach out and talk with us today!

First Steps

First, it’s important to try and improve your credit as much as you can. This isn’t a one-time fix, but something that takes dedication and is still important. Even a score that has improved by just a little, can drastically increase your odds of getting a car loan. Second, you need to know exactly how much you can reasonably afford so you’re sure the loan won’t cripple your finances. This isn’t just a down payment plus monthly loan payments, but also includes gas, maintenance work, and other costs that add up over the months. Knowing all of this info beforehand will make you an informed buyer. Next, it’s always a good idea to get pre-approved online. Pre-approval checks are when a lender looks at your credit and financial information and provides a loan they would be willing to give. For example, you’ll need information like your monthly and yearly income, house payments or rent payments, and the type of vehicle you’re searching for. With this loan information, a lot of the stress and worry about the entire process can be alleviated. You can negotiate a better price with this letter in hand as well. If possible, getting someone willing to act as a cosigner can drastically improve your chances of getting a high-quality loan.

Working with PA Credit King

All of the steps above can be easily undertaken online at PA Credit King! We have a long and successful history of getting people financed with all kinds of credit. Our pre-approval process is especially easy and can be done in the comfort of your couch. Our entire philosophy revolves around getting everyone approved, no matter what their credit history might be. Our relationships with lenders across the York, PA area have given us an opportunity other dealers can’t really match. When you have us on your side, there’s built-in trust with lenders that will grant you unprecedented access to high-quality loans that won’t cripple you.

Contact Us Today

We hope the above has been informative for you! Like always, our entire financing team is here to help. If you ever need help with the process or just want to talk, give our team a call! Our commitment to servicing the York community is at the heart of PA Credit King. Don’t wait, get pre-approved and start your vehicle buying process today!