Not sure if you can get a car loan with bad credit? While you may have been turned away from other Knoxville dealerships, at Ole Ben Franklin Motors, we offer guaranteed car financing to help everyone get a car even with bad credit! Learn how to get car financing with these car buying tips from our expert finance team.
Working with bad credit is not always a deal breaker when it comes to financing a car. While you may experience higher interest rates or longer terms, there are ways to get a car with bad credit in Farragut. The first step is to get pre-approved when you apply for financing. This will help our finance team understand where you’re at and how to create a payment plan that works for your needs and budget. Ole Ben Franklin Motors offers guaranteed approval, so you don’t have to worry!
There are some things to keep in mind even before you start shopping for a new car near Sevierville. Taking out a car loan with bad credit is a big financial responsibility, so make sure you’re putting yourself in the best possible position before moving forward. Here are a few points to consider:
How can you improve your credit? Taking out a car loan with bad credit and paying it off on time can actually improve your score, proving to lenders that you borrow responsibly. So while taking on more debt may seem counterintuitive, if you make your payments on time every month, it will increase your overall profile and open up opportunities for lower interest rates in the future.
Now that you know how to get a car loan with bad credit, schedule an appointment at Ole Ben Franklin Motors today, where our friendly, knowledgeable team can walk you through the process and answer any questions. Our guaranteed financing system will help you lock down options that work for you, so contact us to get started!