If you'd love to have a new or used Ford for your Iosco County commute, but you have no credit, don't count yourself out of the game just yet! Though it will be a trickier process, financing a car with no credit can be done. Find out how you can secure a no credit car loan or even finance a car with bad credit with Dean Arbour Ford of Tawas. When you're ready, our finance center will help you get started!
Financing a Car with Bad Credit or No Credit
Be aware that if you're financing a car with no credit, your down payment might be higher than average and your interest rates might be higher. If you start the process out with a proper budget in mind that includes some leeway and you follow our helpful tips, you'll have a higher chance for success:
- Ask questions and trust in the fact that you can be approved. When you find your first financing option, don't automatically assume it's the only route you can take. Ask plenty of questions to find out if there are additional options that would better suit you.
- Shape up your credit score. If you have bad credit, get to work on improving it! Use your credit card to pay for small transactions, then pay it off right away. Over time, this will certainly boost your credit score.
- Know your credit score, establish a budget, and stick to it. When you apply for financing, your credit score might be negatively impacted. Keep potential damage in check by limiting your loan applications to a 14-day period.
- Separate price negotiation from financing. Don't immediately jump on the first offer you receive. It won't be the only one, as most dealerships go through multiple lenders.
- Prepare yourself to see a higher cost. If you have no credit, you may end up with a larger down payment, higher interest rates, or both.
- You might be better off with a lease. It may be worth your while to see what lease options the dealership offers. While you might still have higher payments than the average lease, it's often cheaper than trying to purchase a vehicle.
Apply for a Car Loan at Dean Arbour Ford of Tawas
The finance professionals at Dean Arbour Ford of Tawas near Oscoda are excited to help you secure yourself a bad credit car loan. Contact us to inquire about our bad credit car financing options and lease options, or apply for credit online to see where it takes you.
Why shop with us?
Our goal is to provide you an exceptional vehicle shopping experience throughout your entire process — from browsing our inventory online to narrowing down your search to walking into the store. We are committed to providing a comfortable, hassle-free and no-pressure experience — on your terms!
Find Your VehicleAbout Our Dealership
{{dealer}} in {{city}}, {{state}} treats the needs of each individual customer with paramount concern. We know that you have high expectations, and as a car dealer we enjoy the challenge of meeting and exceeding those standards each and every time. Allow us to demonstrate our commitment to excellence!
Our experienced sales staff is eager to share its knowledge and enthusiasm with you. We encourage you to browse our online inventory, schedule a test drive and investigate financing options.
Contact Us