Are you working on rebuilding your credit, but you need to finance a vehicle near Princeton? As you’re researching your options, you might have come across guaranteed car finance– also known as “buy here, pay here” financing– that is qualified depending on the car shopper’s income and does not require a credit check. Learn more about this financing option before shopping around guaranteed car finance dealers in the Homestead area.
You can usually find this type of auto loan at in-house financing dealerships since in-house financing dealerships can directly help drivers of varying credit histories, including ones with an unestablished history or a bad credit score. Because a guaranteed car finance plan doesn’t need a credit check like traditional financing, in-house guaranteed car finance dealers near Key Largo will use your income to determine what you qualify for instead. These dealers will usually have minimum income requirements that you need to meet for this to be an option for you.
Guaranteed car finance makes sense for you if your credit isn’t great, as it is more convenient and hassle-free. It’s possible for you to get pre-approved for a vehicle and drive off the dealer’s lot the same day. Still, you’ll need to meet the requirements, show the appropriate paperwork, and make a down payment on the vehicle.
Be sure to bring the following when you’re going to meet with a guaranteed car finance dealer:
If you’d like to get an expert’s opinion, reach out to Spitzer Chrysler Dodge Jeep Ram Homestead and speak with one of our finance specialists.
While this type of loan can help you easily get financing even with bad credit, in-house financing can also help you build credit as many of these dealerships report payments to major credit bureaus. If you make timely payments, you can rebuild your credit history on a positive note. If you want to make your efforts count, ask the guaranteed car finance dealers you go to if they report to the major credit bureaus.
Come to our Homestead dealership, and our team will work with you to secure a favorable finance plan for your next vehicle. Many local drivers are satisfied with our services, and we even offer Spitzer Shield protection for your vehicle purchase.
