Car Financing
Bad Credit
Bad Credit Car Financing in Jackson, GA
At Countryside Pre-Owned, we understand that anyone can run into some financial challenges. In many cases, the situation wasn't your fault, like an expensive medical emergency. But it can mean you can't get a loan from a bank or another traditional lender. If you've had problems like bankruptcy, late payments, divorce, foreclosure, collections, or even a repossession, it's probably very hard getting a loan.
But the friendly, knowledgeable people in our finance center have some good news. We've worked with countless customers who have all kinds of credit issues and helped them discover financing options they didn't know existed. That's why we offer specialized financing and a wide variety of used vehicle choices for our valued customers here in the Atlanta, GA area.
We offer hundreds of used cars to choose from
We know how important it is for people who are rebuilding their credit to find reliable transportation. That's why we offer quality used models from trusted brands like Ford, Chevy, Jeep, Ram and Nissan. Whether you need a small sedan, hatchback, SUV or a full-size pickup to help earn a living, we can help you find a used vehicle that fits your budget. We will work with you to find a vehicle with reasonable monthly payments, so it's easier to make your payments on time.
Frequently Asked Questions
Can I get approved for a car loan with bad credit or no credit history?
Yes, because of our experience in working with a wide variety of buyers, we have creative ways to help you get approved for a car loan, even if you have bad credit. We've developed a network of lenders who are willing to make loans for buyers with bad credit and even for new buyers with no credit history at all.
What credit score is typically needed to qualify for a bad credit auto loan?
While there's no official minimum credit score required to get a bad credit car loan, lenders generally look for scores around the mid-600s or below. Scores in this range are considered "subprime" or "deep subprime" by lenders, because there's a higher risk the loan will go into default. But even with a lower credit score, it's still possible to get approved, although you might face higher interest rates and be required to make a larger down payment.
How much of a down payment is needed for a bad credit car loan?
Most lenders who specialize in bad credit loans require a down payment of at least 10% of the loan amount or $1,000, whichever is more. While that's the minimum, we strongly encourage you to make a larger down payment, if at all possible. That will give you lower monthly payments and reduce the amount of interest you pay over the life of the loan.
Will applying for a bad credit auto loan hurt my credit score
Yes, applying for a bad credit auto loan can lower your credit score temporarily, but the impact is usually minor and short-term. Multiple loan applications within a short timeframe are typically treated as a single inquiry by credit scoring models, and that reduces the impact on your score.
What documents do I need to apply for a bad credit car loan?
To apply for a bad credit car loan, you'll need to provide proof of identity, like a driver's license, showing your name, address, and date of birth. You'll also need to provide your phone number and show proof of income and employment, like a pay stub or a tax return. In addition, you'll have to provide proof of residence, like a utility bill, and details about your debts.
How can I improve my chances of getting approved for a car loan with bad credit?
Get your credit report from all three major credit bureaus and contact them to correct errors, a step that can potentially raise your credit score. It's important to build a positive credit history by making your payments are made on time. Save up the largest down payment you possibly can, because that reduces the risk for the lender and makes it more likely you can get approved. We'll be happy to tell you more and help you find an affordable vehicle at Countryside Pre-Owned in Jackson, GA.
How Can We Help?
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Countryside Pre-Owned
846 E 3Rd St
Jackson, GA 30233
- Sales: (470) 928-1951
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