How to Get a Car Loan with Bad Credit

Credit History

 

Having less-than-ideal credit shouldn’t keep you from getting the car you need. Not only is it possible to get a car loan with bad credit, but the experts in the Finance Center at Cadillac of Beverly Hills can make the entire process easier than ever to navigate. Ready to hit the Santa Monica roads behind the wheel of an exciting new Cadillac? Learn how to get a car with bad credit, and then come see us today!


Financing a Car with Bad Credit

There’s no need to worry about how to get a car loan with bad credit when you shop at Cadillac of Beverly Hills. Just use our convenient online finance application and get pre-approved before heading to our dealership from Sherman Oaks. Once you have received your approval, our finance team will work with you directly to help you explore your options and set up a payment plan that works for you.

How to Get a Car with Bad Credit

Even if you have a sub-par credit rating, upgrading your Woodland Hills commute with a new luxury sedan or SUV is easy and hassle-free at Cadillac of Beverly Hills. Here are some steps you can take beforehand to ensure you secure the best deal possible:

  1. Set a budget to see how much you can afford to pay per month. Include not only the price of the vehicle, but also annual registration fees, car insurance, maintenance costs, and gas costs.
  2. Consider making a larger down payment. This will give you a smaller loan balance to pay off, leading to less interest paid overall.
  3. Before applying for a car loan, check your credit report and see if there are any easy ways for you to improve your score.
  4. Be realistic about the kind of car you should purchase. Don’t get more than you need.
  5. Ask questions and explore your options. Comparing rates offered by different lenders will give you a better sense of where you stand and what you can afford.

How to Improve Your Credit Score

As long as you keep up with your monthly payments, a car loan can actually be an ideal way to boost your credit score and credit profile. As you pay off the loan over time, your credit will improve, making you eligible for lower interest loans and credit cards. The finance specialists at Cadillac of Beverly Hills will be happy to help you take the steps that will lead you to a better overall credit rating.

Get the Flexible Financing Today at Cadillac of Beverly Hills!

Now that you know how to get a car loan with bad credit and what you can do to improve your credit score, stop by Cadillac of Beverly Hills and let our finance professionals walk you through your loan and lease options. Make sure to browse our new Cadillac specials to take advantage of our current offers. If you have any questions or would like more information, please feel free to reach out to us.

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