5 Things To Do Before You Buy A Car With Bad Credit

Buying a new vehicle can be stressful when you have a poor credit score; banks may not be willing to lend to you, or only at exorbitant interest rates. But whether you need a vehicle to get to work or because you need to do your job, your hands are tied. Luckily, you don’t have to get taken for a ride just to get in one. These are the 5 things you absolutely must do before you go shopping for a Ford with a bad credit score.

920 × 434
#1 Learn Your Credit Score

Before you get any kind of loan, always know what your credit score is. You can get free credit reports to find out where you stand, so there’s no excuse for walking into a dealership or a bank without knowing your score. Your score is important because it affects the interest rate you will be offered, as well as determine whether or not you even qualify for the loan.

#2 Talk To Your Dealership

If you have a bad credit score (under 600 or so), here at Colony Ford Brampton we offer an online application form and financing for buyers with bad credit. The reason so many customers consider us their favorite Ford dealership in Brampton is because we don’t just sell cars, we take care of our customers’ needs, whatever their credit score.

#3 Prove Your Financial Stability

When you apply for approval, make sure you have documentation that shows that, despite your credit score, you’re a good risk for the dealership to take on, including your most recent pay stub, a utility bill, your license, and references.

#4 Buy From People You Trust

Buying a car with bad credit can be risky for you if you aren’t going to a car dealer with your interests at heart. As a family-owned business that’s been in the community selling Ford in Brampton for over 45 years, we at Colony Ford Brampton have our customers’ interests at heart and we always provide the best possible deal on any model. We do business by building relationships with our customers; we want to be your first option not just for new vehicles and financing, but also for service and Ford parts in Brampton, as well as leasing, trade ins, and preowned vehicles.

#5 Know That Driving Isn’t A Luxury

Living in the Greater Toronto Area, you know that getting around the city is impossible without a reliable vehicle. Despite the traffic, public transportation just isn’t an option for you, or you won’t be able to get to work on time. If you need a Ford pick-up for your work, going vehicle-free is even less of an option. Imagine trying to haul all of your tools on the bus – since that’s not going to happen, come down to Colony Ford Brampton and take a look at our used Ford deals, easy credit approval, Ford finance rates, and leasing options for businesses. With our help, it doesn’t matter what your credit rating is like, we’ll get you back on the road in no time.
Categories: Finance, News

Comments

Nothing posted yet.