Car Buying & Financing with Bad Credit

Yonkers Car Finance | Bronx Preowned Cars

Sure, having ‘Bad Credit’ is not ideal, and perhaps in certain financial situations, it may hold a negative stigma. However, with buying a new preowned car, you needn’t worry anymore about whether you can obtain a vehicle loan with ‘Bad Credit.’ At Yonkers Automall, we understand that no two customers are the same and that means that no two credit scores will be the same either.

We know how frustrating it can be to be penalized due to unfortunate circumstances that you may have fallen on. Often, these circumstances are in your past, Yonkers Car Financeyet still haunt you in your credit score. There is light at the end of the tunnel and you can drive thru that tunnel with your headlights in full beam. We have some pointers to help you along the way with Auto Loans and Car buying with Bad Credit.

Keep your eyes on that contract! Never sign any agreement until you have ALL the facts and understand completely what you are signing your name to. Many car loan financing agreements will have an area that states “subject to approval.” Translation: your financing terms may not be solid. With Yonkers Automall, we are happy to go over the fine lines. Just ask. Our Yonkers preowned car finance department is here for you. We strive to maintain our 100% approved financing goal and have flexible financing options as well as a large pool of lenders to select from.

Consider a cosigner. Having a cosigner gives you a second pair of eyes when reviewing that financial agreement and gives the lender more assurance that the payment will be met because should you fall short, the cosigner will hold responsibility. Also, the cosigner’s credit score is taken into account which helps keep your interest rate down.

Review the terms of the loan. You may be enticed to aim for a lower monthly payment but often a lower monthly payment means a longer loan term. Speak to the financial representative to work with the lender so that you have a payment and loan term that you are comfortable with both financially and for the time duration of the loan.

At Yonkers Automall, it is not impossible to acquire a car loan with bad credit. No gimmicks, just straightforward flexible used car financing that works with your individual financial and credit situation. You shouldn’t have to go without transportation because life dealt you a bad hand. We are here to help you with your car buying and auto loan experience. Give us a call today to find out how Yonkers Automall can get you into a vehicle today!

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1716 Central Park Ave
Yonkers, NY 10710