Bankruptcies, unpaid loans, divorce — there’ s a lot that can happen in life, and unfortunately financial mishaps along the way can hurt a person’s credit. The good news is if you’re in the market for transportation, you can still finance a used car with bad credit. For more than 18 years, Rent To Own Autos in Branson, MO, has helped customers get back on their feet by providing quality vehicles with low costs and convenient terms.
Don’t let your past keep you from getting reliable wheels for work and school. Here are a few ways you can finance a used car with bad credit:
- Get Pre-Approved: Check with your bank or credit union to get pre-approved for a used car loan. Knowing how much you can potentially qualify for may help you negotiate a better deal.
- Work With Understanding Dealers: Partner with car dealership representatives who understand people go through bouts of bad credit situations. They will often be more likely to work with you, especially if you have a steady job and the ability to make on-time car payments.
- Apply for Shorter Loans: If you’re trying to finance a used car with bad credit, consider applying for loans with shorter time frames. For instance, a five-year loan may carry a higher interest rate than a three-year loan.
- Remain Employed: If the lender sees you’ve been at the same full-time job for a certain period of time, you can score major financial responsibility points. Employment can even trump a low credit score.
Rent To Own Autos’ formula is easy for those looking to finance a used car with bad credit. The company provides a three-year rent-to-own agreement with a low down payment and the first monthly payment. From there, the subsequent payments are made based on how the customer is paid — either weekly, bi-weekly, semi-monthly or monthly. The sales tax is divided over the entire term of the rental period. There are no surprise or hidden costs to worry about and Rent To Own Autos owns the warranties on all its vehicles.
If you’ve been shopping around for a car only to be turned down by other lenders, Rent To Own Autos is your trusted source. Whether you’re looking to finance a used car with bad credit or if you haven’t established credit yet, the local company is 100% committed to getting you back on the road.
To learn more, call Rent To Own Autos today at (417) 335-5400. Check out the website for information on the inventory of used cars as well as other services, including $12 oil changes during the term of your car’s warranty.