Are you car shopping near Collegeville and Conshohocken but have bad credit? If you are thinking about how you are going to make your dream of driving home in a rugged Ram 1500 pickup truck or refined Jeep Grand Cherokee SUV a reality with your less than ideal credit rating, turn to Norristown CDJR!
Let our finance department handle your sub-prime auto loan request by submitting a credit application through our website today. Learn more about the bad credit financing process here while we review your loan application.
Are you curious as to whether you qualify for a sub-prime auto loan? Then you have come to the right place! When determining a car buyer's eligibility, auto loan lenders take into account a number of factors, including the following:
Let's delve deeper into these factors to give you a better sense of your chances and options when applying for a sub-prime auto loan or bad credit financing.
Credit scores are divided into various categories based on factors such as any foreclosures, bankruptcies or repossessions that you have experienced. To begin the bad credit financing process, first apply for financing using our standard online credit application.
When potential lenders look at the amount of money you are looking to borrow, they will try to determine your ability to pay back a loan over time and weigh the risks. They will also likely determine what loan terms would be appropriate for your amount of loan based on the amount of your loan and your credit history.
If you are shopping for a new or newer car, pickup truck or SUV, then you may find credit terms that are quite friendly -- since new cars depreciate faster than older ones. If you are looking to buy a late-model used car, our Norristown, PA CDJR dealership will work to settle on credit terms that are a win-win.
The greater the amount of money you can provide as a down payment the better, so begin setting aside money for that pre-owned Jeep or Ram you are after, and apply for auto financing today. If you do not have any money to put toward a down payment at this time, we can still work to get your monthly payments to a figure that works with your budget.