When someone with bad credit begins shopping for a new or used car, the choice of dealer is of utmost importance. A person with bad credit needs a team with experience obtaining loans from various, flexible lenders. 

Arlington Toyota works with good, bad, and even no credit every single day. We don’t just look at your credit score—we look at your entire situation as it stands today, not just mistakes or trouble from years ago. We encourage you to visit our finance team with your most recent pay stubs in hand so we can see the full picture of your financial status.

If you don’t have money to put down, don’t fret. We can still work with you to get a no-money-down loan with no payments for up to 60 days.

Car-shoppers with bad credit can still buy a car, but they should take a few extra steps to ensure they are getting a fair deal.

First, any increase you can make toward your down payment will offset the negative effects of your credit score in more ways than one. When you have a higher down payment, you’ll have lower monthly payments and your interest will accumulate on a smaller balance—you’ll pay less each month and in the long run. Additionally, when you present a lender with a larger down payment, they may be more willing to work with you despite a bad credit report. They may offer a loan when they otherwise would have turned you down, or they may give you access to better financing rates.

People with bad credit need to be careful to research their lenders, too. Many used car lots near Jacksonville, FL offer “buy here, pay here” loans that are not serviced through a bank or conventional third party lender. Instead, the dealership is servicing the loan themselves, often with exorbitant interest, unnecessary fees, hard-sells on expensive warranties, and other dishonest, predatory tactics. It is best for those with bad credit to work with legitimate dealerships and lenders to ensure they get an honest and affordable deal.

Arlington Toyota Finance Center

The Arlington Toyota Finance Center team has been hand-selected for their friendly and experienced approach to customer service. Our finance managers have established relationships with a wide variety of lenders to ensure we can find a deal for every customer—good, bad, or even no credit. We are on your team as we seek to find you the best loan terms available.