If you have been plagued with less than perfect credit, you are not alone. The average credit score in Virginia is 689, but more than 1 in 4 of VA residents currently is suffering from a low credit score. As of late, customary banks and creditors are unwilling to lend money to anyone but consumers with outstanding credit histories.
If you have bad credit, zero credit scores, or chapter 7 bankruptcy, getting approved for your vehicle financing could take you weeks.
Sorry to say the majority of traditional car loan companieslike banking institutions and automaker finance providers rarely approve subprime credit scores. That’s because they interpret people who have credit score troubles as too risky.
For a lot of, the best resort is buying from Buy Here Pay Here dealers.
Instead they approve financing directly to the individual.
Although Buy Here Pay Here lots can accept nearly anybody’s credit, there are guidelines you should follow to improve your chances of getting approved:
- Get a Cosigner
- Save up for a Down Payment
- Pre-Arrange Financing Online
There can be some disadvantages, though. First off, in the state of Virginia, dealer auto financing APR’s are often upwards of 15%. The cars and trucks that you can buy are second hand. On the other hand, a pre-owned car or truck is sure to be more inexpensive with regard to financing and insurance.
We have combined with the most comprehensive network of poor credit and Buy Here Pay Here auto dealers in Fredericksburg to offer the most suitable finance package given your credit, income, and other factors. When you complete our quick contact form, sophisticated data-matching software matches you to the best dealer or lender for you. There are zero costs, zero commitments, and zero hassles.