Few things are as maddening as feeling trapped by your credit history. For consumers with questionable credit scores, shopping for anything – let alone a car – can be an exercise in frustration, not to mention embarrassment and wasted time. But, it is certainly possible to secure a good car loan with bad credit and those who need to do so are not alone.
For whatever reason, job loss, recession, unforeseen health concerns, most of us at one time or another will feel financially strapped, no matter how hard we worked to strengthen our financial security. The good news is credit scores can be repaired. The damage can be mitigated and eventually wiped clear by making some smart decisions when it comes to finding a car loan, despite your bad credit.
A big factor in that smart decision involves the dealership you choose to approach. We all know there are plenty of less-than-genuine people in this world who are only too happy to take advantage of those down on their luck. Fortunately, the team at McCluskey Chevy Buy Here Pay Here dealership is not among those less than desirable, scam-driven used car salesmen.
In fact, the McCluskey Buy Here Pay Here dealership is based on the principles of honesty, integrity, and transparency when it comes to finding a car that fits your budget and helps you dig yourself out of the bad credit abyss.
How does it work?
The process is a simple one and with the trusted sales team at McCluskey Buy Here, Pay Here, the entire experience will be smooth, painless, and speedy. First off, whichever expert sales associate you deal with will help you understand where your credit score actually is and present you with the vehicles on the lot that fit your budget.
How can they do the sales and financing?
It’s simple. There is no middle man when it comes to financing at the McCluskey Buy Here Pay Here dealership. Rather than reach out to a bank or credit union to finance your loan, the BHPH dealer does it directly. This is helpful for a few reasons. First, rather than shop around only to discover that your choice isn’t in line with what a lender is willing to provide you, the BHPH dealer tells you up front what your loan will be. Shopping for cars that correspond with this figure is the next step. In other words, no surprises.
Once the vehicle is chosen, the dealer works with you to determine the payment program for the loan. In most cases, BHPH consumers will be required to pay the dealership directly, in-person, and often on a bi-weekly basis. Cash payments are preferred more often than not.
Granted, given your credit history, expect the interest rate to be higher than usual, but look at this as an opportunity to rebuild your credit. The dealer is taking a considerable risk by financing you and the high interest rate exists to protect them. Make your payments on time and you’ll soon see your credit improve.
After you’ve made some progress in the credit department and, having already established a relationship with the crew at McCluskey Buy Here Pay Here, you might find yourself in a position to trade up to a car you really want, maybe even add some bells and whistles now that your financial future looks brighter.
Sure, there are plenty of other dealerships you could consider when shopping for a car loan with bad credit in the Cincinnati, Ohio area, but the team at McCluskey Buy Here Pay Here is your best bet. They recognize that hard times fall upon the best of us and are eager to, in their words, help you “pull yourself up by the bootstraps,” and get back on firmer financial footing.