What Does My Credit Score Need to Be to Finance a Vehicle?

If you think your credit score isn’t ideal, there are still tons of bad credit car finance tips to take into consideration when you’re shopping for a new car in Gardendale. In fact, these are strategies anyone can use to get a solid financing plan for their vehicle: 

• Come with Receipts: Documentation of your bills, pay stubs, proof of employment, and proof of your address will help build your case for an auto loan. 

• Show Positive Payment Habits: There are lots of reasons many drivers have a less-than-ideal credit score. If you can show proof that you’re able to raise your score with documentation of other payments in Hoover, such as payments for other cars, this should help you get a loan with a good interest rate. 

• Collateral: Large down payments, trade-ins, and even proof of homeownership can help you with car financing. 

• Leasing: Don’t have the credit score to finance a car? Leasing a vehicle is always a great way to get a feature-heavy new vehicle while saving money. The dealer still owns the vehicle and your lease will have restrictions such as mileage limits, but these stipulations reassure the dealer and lower your payments.