Does An Auto Loan Help Build Credit?

At Auto Now, we understand that bad credit can make it challenging to secure an auto loan through traditional lenders. However, we believe everyone deserves a chance to improve their financial situation and get behind the wheel of a reliable vehicle. That’s why we offer buy-here, pay-here financing options specifically designed to help customers buy a vehicle with less-than-perfect credit.

Rebuilding Credit with a Buy-Here, Pay-Here Auto Loan

A buy-here, pay-here auto loan from Auto Now to get the transportation you need. Here’s how:

Easier Approval Process

Unlike traditional lenders, we don’t solely focus on your credit score. We consider your overall financial situation, including income and employment history. This means you have a higher chance of approval, even with bad credit.

Consistent Payments Build Positive Credit History

Making regular, on-time payments on your auto loan is one of the most effective ways to improve your credit score. By making consistent payments on your bad credit auto loan, you may have the opportunity to improve your overall credit score.

Potential for Credit Reporting

While not all buy-here, pay-here dealerships report to credit bureaus, at Auto Now, we understand the importance of credit building. We may report your payments to major credit bureaus, allowing you to potentially boost your credit score over time.

Benefits of Choosing Auto Now

At Auto Now, we’re committed to helping our customers succeed:

• Wide Selection: We offer a diverse inventory of quality used vehicles to fit various budgets and needs.
• Flexible Terms: Our in-house financing allows us to tailor loan terms to your specific situation.
• Transparent Process: We believe in clear communication and will explain all terms and conditions upfront.
• Ongoing Support: Our team is here to assist you throughout your loan term, offering guidance and support as needed.

Apply for an auto loan today, and then visit one of our seven locations to learn more.