How to Get a Car with Bad Credit

Finance Department Contact Us

One question we’re frequently asked is, “Can I get a car loan with bad credit?” Yes, it’s possible in some cases. There are ways to get auto financing with a not-so-great credit score and drive home to South Riding in the new or pre-owned car you need. Read on for tips on how to finance a car with bad credit and what you can expect throughout the process.

Getting a Car Loan with Bad Credit: Steps to Take

If you’re wondering, “Can I get a car loan with bad credit,” you can take the following steps to help improve your chances of approval:

• Sit down and budget your expenses for the month, and figure out how much you can afford in car payments.
• Save for a larger down payment.
• Work on improving your credit score as much as possible before you apply.
• Determine what kind of car you need — not necessarily the car you want.
• Ask questions along the way!

Work on Improving Your Credit

Initially, your credit score is impacted after you apply for a loan. Lenders perform hard inquiries on an applicant’s credit score before making a decision. However, if you’re approved, you can use the opportunity to boost your credit over time. Making payments on time and in full is a great way to build creditworthiness.

Learn More About Auto Financing from Mercedes-Benz of Chantilly!

Now that you know the answer to the question, “Can you finance a car with bad credit,” contact us at Mercedes-Benz of Chantilly to explore your options. Use our handy online tool to value your trade-in vehicle and put its value toward a new or used car from our inventory. Take a few minutes to browse our current new and CPO vehicle specials to find a reliable vehicle at a price you wouldn’t expect.