Can You Buy a Car If You Have "less than perfect" Credit?
Coming out of Covid, millions of people have a ding or bruise on their credit.
Everyone has been through some difficult times and some will be able to work through it sooner than others. Honestly, we have seen lenders and businesses fold during this time so it's understandable that regular people are effected too.
Sometimes it’s through no fault of their own, maybe as a result of medical bills, unexpected life events, or because they agreed to cosign for someone else’s debt.
But even those with a bump or bruise on their credit still need vehicles in order to get through day to day life. Getting from here to there, to work and back, is a must.
A question that comes up time and time again is whether somebody who has less than perfect credit can qualify to buy a vehicle. The answer is….it depends, but let me try.
Here’s the good news: Banks/Lenders only earn income when they create a loan that brings them income.
To create more income, they need to keep making loans. Banks/Lenders need to find ways to say yes to loans. They understand that we have all been through a difficult time.
If you want to purchase a car but you have credit concerns, there are definitely options out there for you.
Allowing "Uncle" Bill to help you prepare a loan package for a vehicle is the first step in the process. Your approval will depend on a few factors, including the vehicle and price range you’re looking at, and the your entire financial picture, all of which "Uncle" Bill can help with.
So while there’s no way to say for sure whether you’ll get approved or not, it’s always worth at least trying. In any case, if you have questions about buying a vehicle or about the process, feel free to reach out to me and I’ll do my absolute best to get you approved.
ASK for "Uncle" Bill OGorman at Royal Nissan, Royal Subaru in Cortland. Just dial (607) 543-1215
