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Financing a Car with Bad Credit

Financing a Car with Bad Credit Brockton MA

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Getting a car, whether new or used, is an exciting experience no matter how you approach it. One of the most important steps in the process is getting the financing plan that’s right for you on the car you’re looking to purchase.

Luckily, at Nissan 24, we take great pride in being able to offer drivers near Brockton, Randolph, and Stoughton expert auto-financing assistance, regardless of your current credit standing. Our skilled finance team is dedicated to helping you secure a loan from a trusted institution, and we can happily craft a sound finance plan based on your budget and preferences.

By working with the finance team at our Nissan dealership, you can get approved in no time. Learn all about the steps to financing a car with bad credit, and discover how we can help!

The Lowdown on Credit

Put simply, your credit score is calculated by evaluating your past payment history and habits. Banks and financial institutions see this number as a projection of your future behaviors, using it to approve you for an auto loan.

If you typically stay on pace with your bills and pay off loans on time, it’s likely that you have a solid credit history built up. However, even if you’d like to have a higher credit score, there are plenty of ways to still secure an equitable car loan for your favorite vehicle.

With the assistance of a supportive financing team, like the one at our Nissan dealership near Brockton, MA, you’ll be provided with the expertise and advice you need to choose the financing plan that’s right for you. The result is twofold: You get the vehicle you need, and the opportunity to reestablish credit history and improve your future finances.

Auto Financing Offers: Our Unique Approach

Regardless of whether you don’t yet have a credit history or your credit score isn’t quite where you’d like it to be, our financing specialists have adopted a methodology that helps car buyers of all kinds finance a new vehicle. For example, our finance center has partnered with a specialty finance company that’s dedicated to helping consumers with less-than-perfect or no credit establish a strong credit foundation.

We can help you secure a loan without relying on your FICO score, so your previous credit history won’t be the guiding star of your probability for future payments. Once you get approved for a car loan, we provide you with the advice you need to make your monthly payments on time.

Not only does this make it easier to get your hands on a new car, but it can help you with your future financial endeavors as well, as it provides evidence that you can pay back your loans on time.

Car Loans: The Key to a Solid Credit Score

Auto loans are a great opportunity for borrowers with less-than-ideal credit to get back on the road to a positive credit standing. In short, car loans provide you with an opportunity to prove to investors that you’re capable of paying back a loan on time. The longer you’re able to stay on pace with your payments, the higher your score will climb. As a result, you’ll increase the chances for loan approval on other types of purchases in the future.

Beyond that, check out these two tips for building your credit score:

  • Know your payments ahead of time: When you get a car loan, the payment amounts and duration will be determined when you sit down with your finance representative, making it easy to plan for the future.

For example, loans that come with fixed interest rates over a set number of months (most commonly 36-, 48-, 60-, and 72-month increments) allow you to pay the same amount every month. That way, you’ll be able to plan out your finances more effectively and be prepared to have the necessary funds for your monthly payment.

  • Slow and steady raises your score: In the race to good credit, the act of paying off an auto loan would be characterized as the tortoise rather than the hare. While it can take a bit longer than some other methods, doing so provides you with more time to prove you’re capable of making regular payments; the longer you maintain a solid rate of loan repayment, the better your credit score will be!

Auto loans are an opportunity to start out small and show that you’re responsible with your money and payments. Depending on your financial situation and what you feel comfortable paying each month, your finance associate will help you determine which payment interval will be best for you.

Our expert financers have experience working with all kinds of budgets and credit scores, so you can be sure they’ll find the solution that works best for you.

Convenient Auto Financing Resources

The finance team at our Nissan dealership can deliver credit approvals within minutes of you filling out our application.

Meanwhile, our proven approach to establish or reestablish your credit can help you get behind the wheel of the car you’ve been waiting for, while also getting your finances on track. With the right tools and resources on your side, you’ll begin to raise your credit score and improve your chances of being approved for other types of loans down the road.

To get started, fill out the contact form on this page. Once we’ve received your information, a representative from our finance team will reach out to you to schedule a time to discuss your financing options and our easy application process.

Visit Our Special Auto Financing Center Today!

At Nissan 24, we’ve always been dedicated to customer service above all else in every facet of our business, and our finance department is no different.

That’s why it’s important to begin your financing journey at our dealership. Whether you need advice on financing, finding a new car, getting service, or you just want to have some questions answered, you can always count on us to be the solution for all your automotive needs.

Think you’re ready to find financing for your next ride in the Brockton, Randolph, and Stoughton areas? Feel free to contact us with any questions, or visit our showroom to speak with one of our experts in person today!