How to Buy a Used Car with Poor Credit in St. Louis
May 23, 2023
Buying a car is an exciting milestone but can also be daunting, especially if you have poor credit. Fortunately, 5 Star Auto Plaza is here to help. As one of the most reputable used car dealerships in St. Louis, we have helped countless customers with less-than-perfect credit secure financing and drive away in their dream car. Here are our top used car buying tips for poor credit in St. Louis.
Check Your Credit Score
Before you start looking for a used car, check your credit score. This will give you an idea of what kind of interest rates and financing options you can expect. You can get a copy of your credit report free from the major credit bureaus, such as Experian, TransUnion, and Equifax.
Set a Realistic Budget
Once you know your credit score, you can set a realistic budget for your used car purchase. Be sure to factor in the monthly car payment and other expenses like insurance, gas, and maintenance. Our 5 Star Auto Plaza team can help you determine a budget that fits your financial situation.
Consider a Cosigner
If you have a low credit score, you may want to consider getting a cosigner for your auto loan. This could be a family member or friend with good credit who agrees to take on the responsibility of the loan if you default.
Shop Around for Financing
Don’t just accept the first financing offer you receive. Shop for different options and compare interest rates, fees, and terms. 5 Star Auto Plaza works with multiple lenders and can help you find the best financing option.
Choose a Reputable Dealer
Last but not least, choosing a reputable used car dealer in St. Louis is essential. At 5 Star Auto Plaza, we have the best customer service and the lowest prices around. Our team will work with you to find the perfect vehicle that checks your boxes.
Visit Us Today
Buying a used car with poor credit in St. Louis is not impossible. With these used car buying tips with poor credit in St. Louis from 5 Star Auto Plaza, you can secure financing and drive away in the car of your dreams. Contact us today at (636) 940-7600 to learn more about our inventory and financing options.