Bad Credit Car Dealer
Having bad credit shouldn’t stand in the way of you getting a car, but often it can be. That is because many banks, financing companies, and even automotive companies with their own financing departments are reluctant to provide a loan to someone with bad credit. These companies are worried that you won’t be able to make the monthly payments, leaving them with the long and difficult task of repossessing your car. At Dan Cummins Chevrolet Buick Georgetown, we understand that anyone can end up with a bad credit history, often through no fault of their own. We've seen in the last few decades that hard times can fall on just about anyone, and everyone is in need of help sometimes. This is why our finance team will work with you to get a loan for your next car, truck, or SUV, even if you have issues with your credit. This is what makes us your best bet if you need a bad credit car dealer.
How Can a Car Help You Improve Your Credit?
This may come as a surprise to you, but getting a car could help improve your credit rating. Anytime you show potential creditors that you can make payments of debt in a timely manner, this will boost your credit score, giving you better credit over time. The most common way to do this is with a car loan.
There are three major credit rating agencies: Equifax, TransUnion, and Experian. Each of them provides consumers with credit scores that range up to 800, with the higher the score connoting a better credit risk. This means that you are more likely to get approved for a loan if you have a higher credit score from these three agencies and will often get loans on more favorable terms, like securing lower interest rates and getting longer terms to pay off the debt.
There are many factors that affect your credit score. The most important is your payment history on your debt. If you have had many credit cards and have not paid them timely or even defaulted on payments, this can bring your credit score down. Also, medical debt can adversely affect your credit rating if you cannot pay it off. Things like evictions from rented housing or foreclosures on an owned home can also put a serious dent in your credit rating. Finally, if you filed for a personal bankruptcy, you could see your credit score drop by as much as 200 points.
So, what can you do to get your credit rating back up? Believe it or not, getting a loan on a car can help you on the path to rebuilding your credit score. The key to building credit is to demonstrate to lenders that you are a good credit risk. This is often a catch-22, as in order to be able to demonstrate creditworthiness, you have to get someone to take a risk and provide you with a loan. But, many lenders won’t take the chance because you have bad credit. This can even be the case with credit card companies. This is where Dan Cummins Chevrolet Buick Georgetown steps in.
When you come to our dealership, our biggest concern is making sure you find the car, truck, or SUV that you like. Once you have found the next vehicle you want, our finance team will begin working to get you a loan even if you have bad credit. Getting this loan will allow you to demonstrate to potential creditors that you can pay a loan on a timely basis. While pulling the initial credit report and putting the loan in place may cause your credit score to dip a few points initially, once you’ve begun paying the loan every month will cause your credit score to rise, a little at first, but before you know it, you will see it go up by a significant number of points. This is because you are showing the world that you are a much better credit risk than your credit score initially forecasted. Building up that credit score will open new doors to you, as credit card companies and banks will begin making offers to you for credit that you could have only dreamed about before this happened. And this all starts when you come to us for a loan on your next car.
What Other Benefits Will I Have Available to Me by Shopping at Dan Cummins Chevrolet Buick Georgetown?
In addition to our financing options for drivers with bad credit, there are also some great benefits to buying your next car from us. As an authorized Chevrolet and Buick dealer, we carry the entire lineup of great cars, trucks, and SUVs from these two top automakers. This means that you will have no problem finding the Chevy or Buick you like with the exact trim, engine, and other options that you desire.
Also, as an authorized dealer, we participate in the Chevrolet and Buick Certified Pre-Owned (CPO) programs. This is a great way to get a fantastic deal on a used Chevy or Buick. These CPO vehicles have to be less than 6 years old and have less than 75,000 miles on them in order to qualify for the program. They then undergo a comprehensive 172-point inspection to make sure everything is working right on the car. In this way, you will know that you are getting the best quality used Chevy or Buick as part of the CPO program. Two great vehicle warranties and free 3-month trials of SiriusXM satellite radio and OnStar complete the CPO package, available to you as a customer of our dealership.
We also offer the Dan Cummins Chevrolet Buick Georgetown Lease Advantage. This consists of four components that set our leasing program ahead of most other dealerships. First, we provide no negative equity. This means that you won’t have to make a larger down payment or high appraisal on the leased vehicle. Second, we provide significantly lower monthly payments than traditional retail financing agencies, so you can keep more money in your pocket. Third, we provide for shorter lease terms, so you don’t get stuck with having to pay for an aging car, allowing you to return it for a lease on a newer car when the short term ends. Fourth, we provide you with guaranteed lease end options, so you are in the driver seat when deciding whether to buy the current vehicle, sell it to someone else, trade it back to you for a new vehicle, or simply return it and choose your next car.
Come to Dan Cummins Chevrolet Buick Georgetown for Your Next Car, Truck, or SUV
No matter your credit rating, Dan Cummins Chevrolet Buick Georgetown is ready to help you find your next car, truck, or SUV. In addition to the full lineup of great Buick SUVs and Chevy pickup trucks, sedans, SUVs, and sports cars, we also carry plenty of used cars from other top automakers. Our friendly sales staff is looking forward to meeting you and helping you find your next car from us. They will take the time to get to know you and help you find a new, used, or CPO vehicle that fits your budget and lifestyle perfectly.
Once you have purchased your next vehicle, you know that you can rely on Dan Cummins Chevrolet Buick Georgetown for all your service needs. Our outstanding service and parts department is standing by to help you out whether you need a routine oil change and tire rotation or a major automotive repair. When the time comes for your next car, we will be ready to help you out again. So, if you need a new car but your credit history is bad, Dan Cummins Chevrolet Buick Georgetown is your best choice to get your next car and start on the path of rebuilding your credit.