How You Can Confidently Shop for a Pre-Owned Vehicle with Less Than Perfect Credit

Vehicle Shopping with Challenging Credit

Sometimes bad things can happen outside of our control, and this can result in finding your credit score is less challenging. As such, you might be worried about being able to purchase a new-to-you vehicle. With the Thelen Auto Group in Bay City, MI, we are happy to work with customers who have lower credit scores to find them a pre-owned vehicle option that they can confidently afford. We offer several programs that allow us to get you into a vehicle you can use to dependably get to your daily tasks all around mid-Michigan. There are several things that you should remember when shopping with lower credit scores that will affect your purchase ability. 

What to Remember When Shopping with Lower Credit Scores

Increased Interest Rates – While we are happy to find you a solution that gets you the best rates possible, having a lower credit score will often mean having to pay higher interest on your vehicle. However, this does not mean you can’t afford an option you can enjoy! If you accept the idea of paying higher monthly payments, then you can find an option that you will appreciate. Interested in learning what certain monthly payments will be on various interest rates? Use our online Payment Calculator and apply various terms.

Rebuilding Credit – Financing an affordable pre-owned vehicle and making monthly payments on time is a great way to start rebuilding credit. This is also true if you currently have no credit and want to start building it in the right way. If you are looking for better ways to strengthen your credit score and are in the market for a vehicle, let the Thelen Auto Group help find you an option that caters to both needs. 

Make a Larger Down Payment – A great way to lower the potential overall cost of a vehicle and help start the path to stronger credit is by making a larger down payment. The more you are able to pay upfront, the less money you will have to pay monthly compared to the bare minimum down payment. If you have been specifically saving up for your vehicle shopping, you should be able to apply more of that money into the down payment and make the rest of your ownership period much more manageable. 

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Tags: Bay City, Credit, Finance, Interest, Less Than Perfect Credit, Michigan, Mid-Michigan, Thelen Auto Group, Vehicle Finance
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