How to Buy a New Car With Bad Credit?

A man and woman standing next to a car

If you’re in the market for a new car and need a car loan to buy it, there are a few things you’ll want to know and figure out before you do. One of the most important things you need to know is your credit score. Knowing your credit score is essential when buying a new car as it will determine your interest rate and if you can even get a car loan for the vehicle you want to buy. If you have bad credit, don’t worry, it’s not a deal breaker. Keep reading to learn more about how you can buy a new car with bad credit.

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Top 5 Tips For Buying a New Car With Bad Credit

  1. Check Your Credit Report. If you have bad credit and want to buy a new car, the first thing you’ll want to do is check your credit report to make sure it’s accurate. There are many websites that offer free credit reports, so be sure to check them out, so you can know what your credit score is and if there is something suspicious on it that needs to be looked at. If something is not right, be sure to fix it.
  2. Improve Your Credit Score. After you’ve checked your credit score and are sure that is correct, the next step is to improve it. There are many ways to improve your credit score before buying a new car and the higher you can get your credit score, the better the finance rate you’ll get when buying the vehicle you want.
  3. Make a Larger Down Payment. If your credit score is still a little low after trying to improve it, you’ll want to consider making a larger down payment when buying a new car. The more money you put down, the less money you have to borrow.
  4. Get a Shorter Term Car Loan. If you want to buy a new car and have bad credit, getting a shorter-term loan can help you as longer-term loans are generally considered a higher risk to lenders. Just remember, with a short-term loan, your monthly payments will be higher.
  5. Work With a Car Dealership That Can Help. Working with a car dealership such as Southside Dodge that offers bad credit new car loans, can help you get the new car you want to drive.

To learn more about how you can apply for a new car loan with bad credit, visit or contact Southside Dodge today, and one of our finance specialists will be happy to help you.

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