Index
SALES: (812) 299-4505
13350 S US Highway 41, Terre Haute, IN  47802
Contact Information

Can I Get A Car Loan With Bad Credit?

Car Loans at Terre Haute


Image
Image

Can I Get A Car Loan With Bad Credit?

 

Suppose you’ve fallen on hard times financially and your credit has been severely impacted. Or maybe you haven’t even had the chance to build your credit. No matter your situation, if you need a car for sale near you, you are likely thinking about whether or not you can get a car loan with bad credit. Fortunately, bad credit dealers provide a solution for people that find themselves in bad credit situations.

As a certified Terre Haute car dealer that offers loans for bad credit, we at Terre Haute Auto know all the ins and outs of how to make an informed decision on bad credit loans. For this reason, we want to provide you with some help through a list of six tips for using car loans with bad credit.

1. Understand Your Credit

Anytime you are searching for a car for sale near you, whether you have good or bad credit, you should get an understanding of your credit. Luckily, many free credit report programs can provide you with all of your credit information. Once you know your credit score, you can then make efforts to improve it before buying a car.

However, it is important to note that bad credit dealers determine your loan eligibility based on other factors, such as earned income. Despite this, a bad credit loan will still positively impact your credit if you make payments on time.

2. Determine Your Budget

You wouldn’t want to walk into Terre Haute Auto’s Terre Haute car dealer, or any dealer for that matter, without knowing how much you want to spend on a vehicle, especially with poor credit. That is a good way to make an irresponsible decision, possibly leading to buyer’s remorse. Therefore, if you want to be prepared at the dealership, you should first establish a budget based on every cost associated with buying a vehicle, such as registration fees, insurance, and maintenance costs.

3. Consider Different Types Of Financing

Upon making a budget, the next step will be to consider how you want to finance a vehicle. When it comes to bad credit, there are only a few options for financing. You may find some lenders that provide car loans for bad credit. Aside from this, bad credit dealers provide buy here pay here services, allowing you to handle all finances in-house at a dealership. This process is a lot more straightforward, providing for an easy buying experience. If you are in search of a dealer to buy here pay here near Terre Haute, don’t hesitate to stop by Terre Haute Auto for excellent service.

4. Find A Reliable Dealership

Finding a reliable dealership can be difficult at times, especially when trying to find somewhere that provides bad credit loans. A little online research can go a long way when looking for a reliable dealer. Ideally, you should strive to find a dealership with an easy-to-use website and positive reviews. You should also aim for dealerships that have the right vehicles for you. For example, you might want an SUV; hence, you should find dealerships that have a diverse inventory of SUVs for sale near you. At Terre Haute Auto, our Terre Haute car dealer provides an excellent example of how a reliable dealership should look.

6. Save For A Down Payment

In planning to find a car for sale near you with bad credit, something you should try to do is save for a down payment. In terms of saving you money, a down payment can do quite a bit. It can even make you eligible for other vehicles at bad credit dealers. You might also have a used truck for sale that you’re trying to sell. Rather than struggling to sell your truck to someone, you should instead consider trading it in at the dealership. A trade-in will act similar to a down payment saving you just as much, if not more, money.

7. Consider A Co-Signer

Whether you’re looking at used cars near Terre Haute or anywhere else, the final piece of advice you should consider when going through a bad credit dealer is having a co-signer. A co-signer is beneficial when seeking a bad credit loan, as it could improve your loan eligibility. It also provides financial security to the dealer, as a co-signer’s duty is to take over loan payments if you default on your loan. Because of the responsibility that comes with being a co-signer, you should find someone close to you, such as a friend or family member.


 

Exterior: 
White
Interior: 
Medium Pewter 
Mileage:
75,223
Engine:
8cyl, 6.0L, 285.0hp
Model #: 
CG23405
VIN:
1GCWGAFG3G1232063
Stock #:
232063
  
$23,900
This rear wheel drive used 2016 Chevrolet Express Cargo Van RWD 2500 135" features a White (summit White) exterior with a Medium Pewter interior and has only 75,223 miles.INTERIOR OPTIONS: Bucket Seats, Air Conditioning, Vinyl Interior, Illuminated entry, Trip OdometerTECHNOLOGY FEATURES: This...   Read More
Exterior: 
Red
Interior: 
BLACK 
Mileage:
115,670
Engine:
4cyl, 2.4L, 184.0hp
Model #: 
UFCH41
VIN:
1C3CCCAB2HN511234
Stock #:
102685
  
$13,900
DESIRABLE FEATURES: Include Alloy Wheels, Bluetooth, Remote Entry, Sirius XM, Premium Audio, Push Button StartThis front wheel drive 2017 Chrysler 200 Limited Platinum features a Velvet Red Pearlcoat exterior with a Black interior and has only 115,670 miles.INTERIOR OPTIONS: Pass-Through Rear...   Read More
Exterior: 
Red
Interior: 
Black 
Mileage:
159,846
Engine:
6cyl, 3.6L, 300.0hp
Model #: 
LDES48
VIN:
2C3CDXJG0JH224599
Stock #:
102414
  
$17,900
DESIRABLE FEATURES: Include Alloy Wheels, Htd Seats, Bluetooth, Remote Start, Premium Audio, Remote Entry, Sirius XM, Auto Climate Control, Push Button StartThis all wheel drive 2018 Dodge Charger GT features a Torred Clearcoat exterior with a Black interior and has only 159,846 miles.INTERIOR...   Read More
Exterior: 
Gray
Interior: 
Ebony Leather
Mileage:
141,278
Engine:
8cyl, 5.3L, 303.0hp
Model #: 
1WD19
VIN:
2G1WD58C179124619
Stock #:
102232
  
$7,995
DESIRABLE FEATURES: Include Leather, Alloy Wheels, Htd Seats, Remote Start, Sirius XM, Remote EntryThis front wheel drive used 2007 Chevrolet Impala SS features a Silverstone Metallic exterior with a Ebony interior and has only 141,278 miles.INTERIOR OPTIONS: Adjustable Lumbar Seats, Leather...   Read More
Exterior: 
Blue
Interior: 
Black 
Mileage:
28,070
Engine:
4cyl, 2.5L, 203.0hp
Model #: 
2546
VIN:
4T1G11AK1MU494008
Stock #:
102569
  
$29,900
DESIRABLE FEATURES: Include Alloy Wheels, Bluetooth, Sirius XM, Remote Entry, Auto Climate ControlThis front wheel drive 2021 Toyota Camry SE features a Blueprint exterior with a Black interior and has only 28,070 miles.INTERIOR OPTIONS: Premium Synthetic Seats, Leather Wrapped Steering Wheel,...   Read More
Exterior: 
Black
Interior: 
Gray 
Mileage:
73,610
Engine:
4cyl, 2.0L, 147.0hp
Model #: 
47402F45
VIN:
5NPD74LF0HH193091
Stock #:
102081
  
$17,900
This front wheel drive 2017 Hyundai Elantra SE features a Phantom Black exterior with a Gray interior and has only 73,610 miles.STOCK# 102081 PRICED BELOW MARKET RETAIL VALUE! Terre Haute Auto has this used 2017 Hyundai Elantra SE for sale today. Don’t forget Terre Haute Auto WILL BUY OR TRADE FOR...   Read More
Exterior: 
White
Interior: 
Dark Pewter/Dark Titanium 
Mileage:
81,103
Engine:
4cyl, 1.4L, 138.0hp
Model #: 
1JV69
VIN:
1G1JD5SB3L4104864
Stock #:
TR5006AP
  
$17,900
DESIRABLE FEATURES: Include Alloy Wheels, Rear Camera, Bluetooth, Remote Entry, Sirius XMThis front wheel drive 2020 Chevrolet Sonic LT features a Summit White exterior with a Dark Pewter/dark Titanium interior and has only 81,103 miles.INTERIOR OPTIONS: Cloth Seats, Bucket Seats, Pass-Through...   Read More
Exterior: 
Purple
Interior: 
Black 
Mileage:
66,940
Engine:
4cyl, 2.4L, 185.0hp
Model #: 
53222
VIN:
5XXGT4L30KG337675
Stock #:
102295
  
$19,900
DESIRABLE FEATURES: Include Rear Camera, Alloy Wheels, Blind-Spot Monitor, Bluetooth, Remote EntryThis front wheel drive used 2019 Kia Optima LX features a Sangria exterior with a Black interior and has only 66,940 miles.INTERIOR OPTIONS: Adjustable Lumbar Seats, Cloth Seats, Driver Illuminated...   Read More
Exterior: 
Gray
Interior: 
Black 
Mileage:
69,934
Engine:
6cyl, 3.6L, 300.0hp
Model #: 
LDES48
VIN:
2C3CDXJG6JH224395
Stock #:
101873
  
$27,900
DESIRABLE FEATURES: Include Htd Seats, Alloy Wheels, Remote Start, Bluetooth, Remote Entry, Premium Audio, Sirius XM, Auto Climate Control, Push Button StartThis all wheel drive 2018 Dodge Charger GT features a Destroyer Gray Clearcoat exterior with a Black interior and has only 69,934...   Read More
View ArticlesSave ThisPrint ThisTell A Friend