Questions You Should Ask When Financing with Bad Credit

There’s a lot of information to review before signing for your car loan. To help you understand what kind of offers you will receive, you’ll want to ask each of the following questions:

Which cars do I qualify for?
What is my interest rate?
Will my loan have any potential penalties I should know about?
What is the principal of the loan?
What is the exact price of each payment?
When are my payments due and how many will I have?
Do I need a down payment?
What is the price of the vehicle after interest?

Tips for Getting a Good Deal at a Bad Credit Car Dealer in Stone Mountain, GA

So, what can you do to get a good deal at a bad credit car dealer like the U.S. Auto Sales dealership in Stone Mountain, GA? You may be surprised to know that you may be able to influence how favorable your loan offer is by doing the following:

Check and Improve Your Credit

Before applying for a car loan, you should check your credit. Sometimes shoppers assume their credit is worse than it actually is and opt for a bad credit loan when they could qualify for better loan terms. If you notice anything odd in your credit report, you can report the discrepancies to the credit bureau and request they be removed.

Save for a Large Down Payment

Most bad credit car dealers will require a down payment. You can use this to your advantage in negotiating for a more favorable rate by saving for a large down payment. By providing a down payment that is larger than what the dealer requires, you’ll not only save yourself money in interest but also improve your chances of persuading the lender to give you a better deal. It’s recommended that you save for a down payment that is 20% or more of the vehicle’s price.

Advantages to Financing a Bad Credit Car Loan with a Dealership

Bad credit car dealerships like the U.S. Auto Sales in Stone Mountain, GA offer unique financing advantages to their customers. On top of being available to those with bad credit or no credit history, bad credit car dealers make the process smooth and easy as they, or their affiliated finance company, finance with the customer directly. Additionally, many bad credit car dealerships offer benefits like extended warranties, complimentary service, flexible payment methods, and more.

To learn about each of the unique benefits of financing with U.S. Auto's affiliated finance company, contact our friendly and knowledgeable staff. We make it easy for customers to get competitive rates and high-quality cars regardless of their credit background.