As even we at Avondale Nissan will readily admit, buying a car can be a huge burden. If a prospective buyer factors in bad credit, then it becomes even more of a hassle. Yet, we are ready and willing to work with buyers with poor credit, and that’s not something that every competing dealership is ready to do. So what should a buyer know if they’re going to try to buy a car with poor credit at Avondale Nissan? Here are five things to consider.
Buying a Car with Poor Credit | Glendale, AZ
Allow Us to be Frank…
When a buyer comes with poor credit, mission #1 is to get them into a car, plain and simple. With that in mind, we’re not going to sell you something that we or the bank will be coming to pick up in six months. We’re going to try to find something within your budget, and then if you make payments on time, you can upgrade when that time comes.
Know Your Credit Score
A credit score provides a glimpse into a person’s financial history, but only the credit holder really understands it. Sometimes, we’ll have visitors who can’t believe how good their credit is — they’ve never checked — or they find things that are on there that shouldn’t be. The only way to know is to look into it.
Read More: Improving Your Credit Score
Clean Up what Bad Credit Items You Can
Once you go into your credit report, you can try to manage items that might be outstanding, and this can help boost your credit in the short term. There might be outstanding bills you never realized you had, or like we mentioned above, something that shouldn’t be there at all. Also, it’s a good idea to update balances on anything larger or in collections, as this shows good faith going forward.
Make a Down Payment on the Car if you Can
Once you’ve found a car that you like, if you’re able, it’s helpful to put a down payment on it. As Neil Diamond once sang, money talks. It expresses to the seller, whether it’s Avondale Nissan or somewhere else, that you’re serious about buying, and is a gesture of good faith. If you’re planning on trading in a car, this helps as well.
Be Honest and Thorough
When the time comes to make a decision, there will be paperwork and questions, and it’s crucial to be forthcoming on everything that comes up. After all, it will be verified. Additionally, it’s helpful to have any financial statements available, such as pay stubs and utility statements.
As we said, we know this is a lot to take in. But the reality, bad credit isn’t the end of the road. Credit is a journey, and it’s one we’re happy to take with you. Click on the button below to get started.
