Bad Credit Car Loans in Jacksonville, FL for Sale in Jacksonville, FL
Bad Credit Car Loans in Jacksonville, FL
Shopping for a new car when you need a bad credit car loan doesn’t have to be a headache. When you partner with the right dealership near Jacksonville, FL and follow these simple tips, you can drive home in an affordable new or used Toyota regardless of your credit score.
Arlington Toyota Has Solutions for Securing Auto Loans for Bad Credit
When someone with bad credit begins shopping for a new or used car, the choice of dealer is of utmost importance. A person with bad credit needs a team with experience obtaining loans from various, flexible lenders.
Arlington Toyota works with good, bad, and even no credit every single day. We don’t just look at your credit score—we look at your entire situation as it stands today, not just mistakes or trouble from years ago. We encourage you to visit our finance team with your most recent pay stubs in hand so we can see the full picture of your financial status.
If you don’t have money to put down, don’t fret. We can still work with you to get a no-money-down loan with no payments for up to 60 days.
How to Buy a Car with Bad Credit
Car-shoppers with bad credit can still buy a car, but they should take a few extra steps to ensure they are getting a fair deal.
First, any increase you can make toward your down payment will offset the negative effects of your credit score in more ways than one. When you have a higher down payment, you’ll have lower monthly payments and your interest will accumulate on a smaller balance—you’ll pay less each month and in the long run. Additionally, when you present a lender with a larger down payment, they may be more willing to work with you despite a bad credit report. They may offer a loan when they otherwise would have turned you down, or they may give you access to better financing rates.
People with bad credit need to be careful to research their lenders, too. Many used car lots near Jacksonville, FL offer “buy here, pay here” loans that are not serviced through a bank or conventional third party lender. Instead, the dealership is servicing the loan themselves, often with exorbitant interest, unnecessary fees, hard-sells on expensive warranties, and other dishonest, predatory tactics. It is best for those with bad credit to work with legitimate dealerships and lenders to ensure they get an honest and affordable deal.
Shoppers looking for bad credit car loans should also carefully consider the kind of vehicle they purchase. A budget-friendly car that is fuel efficient, long-lasting, and inexpensive to maintain and repair is ideal. That’s why many people with bad credit decide on a Toyota vehicle early on in their search.
Check Your Credit Without SSN
Arlington Toyota has partnered with iPreCheck to allow you to check your credit for free with no SSN or credit card required. To understand how important this is, let’s look at how checking your credit with SSN can affect your credit score.
There are two kinds of credit inquiries: hard and soft. Each kind of inquiry affects your credit score differently. A soft inquiry occurs when, for example, a credit card company checks your credit before sending you an offer in the mail. An employer may also run a soft inquiry before hiring you. A hard credit inquiry occurs when a potential lender or creditor is given permission by you to use your social security number to pull your credit report. Only hard inquiries can affect your score, most often for the worse.
Arlington Toyota Finance Center
The Arlington Toyota Finance Center team has been hand-selected for their friendly and experienced approach to customer service. Our finance managers have established relationships with a wide variety of lenders to ensure we can find a deal for every customer—good, bad, or even no credit. We are on your team as we seek to find you the best loan terms available.
We strive to make your financing process simple and fast. You can get a head start on the paperwork by completing our secure online finance application. We encourage you to play with the variables in our monthly payment calculator to see how your down payment, vehicle price, and APR can affect your bad credit car loan payments.
Why Buy from Arlington Toyota in Jacksonville, FL?
The Arlington Toyota dealership near Jacksonville, FL excels at working with every financial situation while providing exceptional customer service from beginning to end. Our corporate parent has recognized our commitment to excellence by awarding us the Toyota President’s Award an astounding 11 times! Our customers agree, rating us the top Toyota dealership near Jacksonville, FL.
We invite you to meet our friendly sales, finance, and service teams to see for yourself the Arlington Toyota difference. We look forward to serving you!
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