Doug's Credit Center Blog

Best Options for Buying a Car with Bad Credit

Although you might not think there are a lot of options for buying a car with bad credit, you should know that there are actually plenty of ways to do so. Some of the things that you can do if you want to get into a vehicle soon without worrying about your credit will involve working with a dealership. This may not be ideal for some people, but you should keep in mind that the best options for buying used cars with bad credit comes from dealers that do their own financing.

Why Buying a Car Via Dealer Financing is a Great Option

Out of all of the options for purchasing a vehicle with credit problems, dealer financing is usually one of the best, especially for individuals who don’t have good credit scores. Here are just a handful of reasons why dealer financing is a great idea:

  • Many dealers that do their own financing never even check your credit score, so you don’t have to worry about it being a factor at all.
  • Even if your credit score does get checked for dealer financing, you shouldn’t worry; dealerships that offer this option are typically very easy to work with when it comes to credit scores.
  • Dealer financing is usually a whole lot easier and less involved than other types of auto financing loans, so you don’t have to worry about spending days trying to get approved only to find out that you can’t get the car.
  • Down payments, monthly auto loan payments and even the loan terms are typically very reasonable when you go with dealer financing.

Other Options for Purchasing a Car with Poor Credit

If for some reason or another you aren’t interested in dealer financing, you could think about asking someone who you know and trust to co-sign on a bad credit auto loan with you from a bank or other traditional lender, or you could try to find a bank that will be willing to work with you regardless of your credit score. In most situations, however, buying through dealer financing is a better option for buying a vehicle with poor credit.

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