Getting A New Car In Atlanta, Even With Less Than Perfect Credit

Less than perfect credit these days has become a fact of life. With the current state of the economy, there are many who have been hit hard and had their good credit rating nearly obliterated.  For new car buyers and some dealers alike, bad credit is a virtual “The Scarlet Letter”.

I’m here to let you know that it might not be as bad as you think. There is a lot of misplaced anxiety when it comes to trying to get a new or used car. First, you shouldn’t feel bad or self-conscious if you don’t qualify for a standard or good credit car loan. The bottom line is that it’s been a tough several years and there are many more people with a bad credit score looking for loans than you’d think. In fact, almost a quarter of Americans have bad or poor credit. The “bad credit” bus has a lot of passengers.  Thanks to this fact, there are actually several companies that could provide you with an auto loan regardless of how bad your credit is.

What should you do first? How about a little research on your credit ranking. Check your credit history annually for reports which are not yours or are certainly not accurate. Since those false reports would decrease your credit score and increase your loan percentage rate, it is worth your time to look at your credit report. You can get a free credit report once a year thanks to the Fair and Accurate Credit Transactions Act.

Now, how much can you really afford to cover? Remember, these are regular monthly payments. Make sure you have enough for a down payment. Try using this loan calculator to help figure out your monthly payments:  car loan payment calculator.

Before you drive to Southtowne, be prepared, as if you are ready to actually submit a car loan. Have your most up-to-date paystub from your current job, or proof of some other regular monthly income.

Now comes the fun part, when you get your car loan and enjoy the car you wanted, start getting your credit back on track. All you have to do is pay your credit and loan payments on time. It really can be that easy. Here’s just an extra word of advice: Don’t apply for every credit card that arrives through the mail. As a matter of fact, do not get one in any way.

To seek help from the right people to get your very own car with the best deals, you can always swing by and talk to us. Our guys at Southtowne are credit experts and can not only get you a car, but also be the first step in getting your credit back on the road too!

Leave a Reply

 

 

 

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>