How to Buy a Used Car With Bad Credit?

A lot of drivers think that having a bad credit score means that they won’t be able to buy a car. But that’s not the case; even if you have a bad credit score, you can still buy a used car, but by keeping in mind a few things. What are those? The experts at S&B Keswick Motors can help you understand your options and provide valuable tips, such as checking your credit score, identifying credit report errors, considering a co-signer, and applying for financing at our dealership. These are the perfect tips recommended by our experienced financing experts that you can use to bring home the used car you’ve been eyeing, even with a poor credit score. Take a look! 

5 Questions to Ask Before Buying a Pre-Owned Car

Top Tips for Buying a Used Car with Bad Credit

• Understand your credit score: Right before the start of your used car buying process, make sure to know your credit score (high or low), so you know where you stand.
• Spot credit report errors and fix them: Explore your credit report and see if there are any errors on it or if there’s anything you can do (like paying a credit payment or clearing your line of credit) to fix the score before applying for a used car loan.
• Have a co-signer: Even if you have bad credit, you can get a car loan by having someone cosign the loan with you (preferably someone with a good credit score).
• Make a larger down payment: If you’re having trouble getting the financing you want to bring home a used car, try making a larger down payment. This way, the loan amount will be shorter, and it will be easier for you to get a credit approval. 
• Apply for financing at S&B Keswick: At our dealership, you can get in touch with our financing experts, who can help you figure out a better way to finance the car you’re eyeing. We can review your credit history and suggest potential alternatives or ways to help you get the desired car loan. 

Shop For Used Cars at S&B Keswick Motors

Visit S&B Keswick Motors in Keswick, ON, to explore our wide range of new and used cars from top brands, including Chrysler, Jeep, Ram and Dodge. If you need help with credit approvals or want to explore all the available financing, leasing and trading-in options, feel free to book an appointment with our financial advisors at 844-596-2053.