How Can I Get Car Financing with a Bad Credit Score?

Are you asking yourself, “Can I get a car loan with bad credit?” The answer is yes you can! Here at Standard Motors, we’ve helped car shoppers from Regina to Kyle get the car financing they need, even when they’ve had a bad credit score or no credit at all. Learn more about how to finance a car with bad credit from the experts in our Finance Centre.

How Can You Finance a Car with Bad Credit?

It may seem challenging to get financing in the Saskatoon area when you have a less than stellar credit score. But when you choose Standard Motors, you’ll find that we go the extra mile to ensure that you get the financing you need to get behind the wheel of the new vehicle or used car, truck, or SUV you want today. To do to get started, apply for financing online to get pre-approved. Then our finance experts will work with you to figure out a payment plan that works for your budget.

What Steps Should I Take To Get a Car Loan with Bad Credit?

Thinking about taking out a bad credit car loan? There are some things you should consider beforehand in order to ensure you’re making the best financial decision for you right now.

1. Determine how much you can afford to pay per month based on your budget.
2. Make a bigger down payment if possible.
3. Try to improve your credit report before applying for a loan.
4. Be honest about what kind of car you should buy, and don’t get more than you need.
5. Ask questions!

Improve Your Credit Score

Many people don’t realize this, but if you take out a car loan with bad credit and can consistently make your payments on time every month, it will actually help you to improve your credit score. At Standard Motors we offer a Credit Rebuilding Program designed to help you get you behind the wheel of a vehicle you love and improve your credit rating at the same time.

Finance a Car with Bad Credit Today at Standard Motors!

Trading in your current vehicle is a great way to help cover your down payment. Use our Value your Trade tool to find out how much your car is worth, and feel free to try our online payment calculator to determine what your monthly payments will be. If you have any questions or would like more information about your auto insurance options like liability coverage, please don’t hesitate to contact us.