How Can You Get a Car with Poor Credit and a Low Down Payment?

It’s time to get a new car. Yours has been on its last legs and limping along for over a year now and you just don’t think it will make it safely through another winter. You’re ready to get a replacement, but you have one concern — your credit. Past decisions have left your credit less than spectacular and you’re worried that it will automatically prevent you from getting a loan for that new car you so desperately need.

In past times that may have been the obvious outcome, but in today’s modern world, there are more options. With a little research and work, you may just find yourself in your new ride before you know it!

Why Does Credit Score Normally Matter?

Credit is an important part of anyone’s identity. In today’s day and age, you cannot get by without your credit score so you should take care to ensure it doesn’t drop and try to raise it whenever the opportunity presents itself.

If you are beginning the adventure of looking for a new car, the first thing you may do is check your credit score. Know what you are working with before you go into battle. When you have fewer obligations on your outstanding credit report, lenders see you as less of a risk because your income-to-debt ratio is much better. The better your credit score the better your chances of being able to score a good deal on a new car. Not only that but if your credit score is deemed worthy you are more than likely going to be able to walk away with no down payment and the keys to a new vehicle.

You could talk to your bank. They will pull your credit report, and usually this will drop your credit score automatically. If you’ve been in business with them for years, your record is good, and your credit score is strong, you may be able to get a car loan with a long term.

Can I Get a Car Loan if I Have Poor Credit?

If the bank loan doesn’t work for you then talk to the car lot directly. Most Buy Here Pay Here dealerships are willing to work with you. Auto Now on-the-lot car financing in Belton is one of the best options out there if you have had poor credit in the past. You don’t have to worry about your credit score and you can get a low down payment used car in Belton.

Auto Now in Kansas and Missouri is a bad credit auto financing giant. With six locations across Kansas and Missouri, Auto Now serves the community by being a lifeline for those who have had credit problems in the past.

Your bank will probably turn you away for a loan, but a Buy Here Pay Here auto dealer in Belton probably won’t. Buy Here Pay Here dealerships have been operating in Kansas and Missouri for decades and they’re a regulated part of the financial industry. More than any other type or dealership or bank, they’re willing to offer you a car loan if you have poor credit.

What’s the Difference Between a Normal Dealership and a Buy Here Pay Here Dealership?

You might see other dealerships offering to arrange financing for you through a dedicated finance team. This takes out some of the hassle of finding the financing yourself, sure, but they’re essentially just going to go online and try to find a bank willing to lend to you using your current credit score as the main determiner of whether you’re trustworthy.

In the end, traditional dealerships don’t have any say over whether you’ll be awarded a loan. It just goes back to the banks like it always did and they’ll probably take a commission for doing the legwork for you. At the end of the day, you’ll probably not be offered a good loan if you have poor credit. Even worse, the fact that they’ve tried to get a loan for you from so many places in a short period of time actually negatively affects your credit score, leaving you in a worse position than you began in.

A Buy Here Pay Here dealership is the lender, so it can decide its own rules on who to lend money to. Auto Now in Belton has therefore scrapped the outdated method of checking a credit score and instead focuses much more on your current situation when deciding on whether to give you a loan.

• Are you over 18?
• Do you have a driver’s license?
• Do you take home $1,200 a month or more after taxes?

If so, you’re qualified. With this, you can choose from one of 500 vehicles for sale at Auto Now in places like Belton, Kansas City, and Independence and drive away in it the same day!

Can I Still Get a Good Car with Poor Credit?

Take a look at the cars for sale in Belton at our Buy Here Pay Here dealership. These are great used cars that have been extensively road-tested and maintained. We’re so sure that the used cars for sale on our Belton auto lot are built to last that we offer a 2-year/24,000-mile limited extended warranty on them.

Do I Need a Large Down Payment at a Buy Here Pay Here Dealership?

Traditionally you’d need to pay a larger down payment at a Buy Here Pay Here dealer but we’ve also turned that on its head. As you can see from our website, you can usually drive away the same day with a quality vehicle with a down payment as low as $99. This includes vehicles that are just a few years old that have low mileage on the clock.

So, if you’ve had credit problems in the past, the clear route to vehicle ownership is Auto Now in Belton and across Kansas and Missouri. Take a look at our great cars and choose your next ride now!