If you don't have the best credit, that shouldn't hold you back from being able to purchase a vehicle. Having a vehicle is important for getting around in the United States. That is why you are going to want to find a dealership that offers in-house financing.
There are dealerships out there that understand that even if you have a bad credit score, you may still be able to afford to pay a care note. They understand that things like medical debt and car loans can destroy your credit, but that you can still be financially responsible enough to pay for a vehicle. With in-house financing, the dealership both sells you the car, and offers you the financing deal for the vehicle as well.
The approval process for a bad-credit dealership is generally different than it is with a traditional bank or credit union. They are not going to rely on your credit score to determine if they want to give you a loan.
More often than not, what they are going to do instead is ask for copies of your most recent paycheck. They are going to want you to show them that you have a job and a regular source of income. They are going to want to establish that you have income coming in and that you have a bank account that they can take the money from.
Additionally, they are going to want to see a copy of your driver's license to see where you live. Plus, they will want proof of residency. That can be established with a rental agreement, mortgage document, or just a few bills at the same address as your driver's license. Many also want you to have a phone they can call that works, to ensure that they can get in touch with you.
The last thing that they are going to want from you is a down payment. With in-house financing, you need to have a down payment ready to go. A down payment shows that you were financially responsible enough to save up enough money to save for a down payment. The bigger the downpayment in relation to the total price of the vehicle, the more likely you are to get financing through them. As most bad credit car financing dealerships share used cars, it should be easy to meet this requirement.
If you want to purchase a car and you have bad credit, look for a dealership that offers in-house financing. That way, you will be able to get the vehicle without having to depend on your credit score worthiness.
For more information on bad credit car financing, contact a professional near you.