Used Car Tips Buying With Poor Credit in St. Louis
Buying a car is never easy, even for people with great credit. For those with bad credit, buying a car can be a hassle beyond belief. After numerous rejections at auto dealerships, potential car buyers may just want to give up on their dream of having reliable transportation. There are a few things to keep in mind when buying a used car with poor credit that might make it easier. Here at 5 Star Auto Plaza, we want to build our clients for life, so want to offer some used car tips, buying with poor credit in St. Louis.
Firstly, look for a dealership that does all of their own financing. This is usually known as a Buy Here Pay Here dealership, such as 5 Star Auto Plaza. Dealerships that send out their credit and loan applications typically have relationships with certain lenders that they need to maintain. When they send loan applications out, it can often take days to process, while in the meantime the car dealership is promising “guaranteed approval.” This is a pitfall potential car buyers fall too often into. A car dealership that does its own financing should be able to give credit decisions in minutes.
It is also a great idea to have a trade-in. Beyond just securing a loan, those with poor credit have to worry about paying for a lease or loan. Having a trade-in can significantly lower monthly payments, or make a down payment completely nonexistent.
For some more used car tips, buying with poor credit in St. Louis, give 5 Star Auto Plaza a call at (636)940-7600 or stop by to speak with a professional member of our staff. We want to see all of our clients get in the car of their choice, the same day.