How to Score Vehicle Financing for Zero, Low, or Bad Credit in Haverhill, MA
Struggling with credit issues? We can help. At AutoFair Ford of Haverhill, we understand that many people struggle with zero, low, or bad credit. Life happens, but you still need a reliable vehicle. That's why our Finance Center professionals are equipped to help all types of drivers. From first-time shoppers with no credit history to speak of to seasoned drivers who have hit a few bumps, we know what it takes to get the financing you need for your next vehicle. Check out all our useful tips to get on the road to approval.
Tips for Financing Your Next Vehicle
No matter how bad you think your credit might be, there are solutions for all types of situations. Getting approved for your next vehicle loan starts with arming yourself with the information you need to put yourself in a better financial position. Before jumping in and submitting a finance application, check our five useful tips to improve your finances and ensure an easier approval process:
- Know Your Budget: Understanding how much car you can afford is the foundation for ensuring you get the financing that works for your budget needs. Shopping for the right price range will ensure you can get approved and afford your monthly payment.
- Address Negative Items on Your Credit Report: You can check your credit report for free to ensure all your information is accurate, dispute errors, and take care of any outstanding accounts.
- Find a Co-Signer: If you know someone with good credit who is willing to help you secure a vehicle loan, it will increase your chances of getting approved.
- Shop Around: Get the best rates possible by shopping around for different lenders.
- Save for a Downpayment: Having cash on hand to put down will decrease the amount you need to borrow and make you less of a risk to lenders who will be more willing to let you take out a loan.
Shop Within Your Budget at AutoFair Ford of Haverhill
If you are looking for an affordable and reliable vehicle, you have come to the right place. We carry all the newest Ford models and reliable used vehicles you can count on. We offer our full inventory online, so you can browse our selection from home and narrow down the vehicles by price. We also have useful filters to narrow the search further by body styles, like sedans, SUVs, or trucks. Having zero or low credit doesn't mean you are stuck with a vehicle that doesn't work for your lifestyle. While there are limits to any budget, it's possible to find something you love with our extensive inventory. Start browsing from home and schedule a test drive when you are ready!
Save Money on Your Next Vehicle with Our Sales and Specials
Another tip for shopping within your budget is to look for our limited-time savings and specials. Our experts in the Finance Center will ensure that any coupons, special pricing, or discounts are reflected in your final offer so you can save on your next vehicle. We sometimes have feature vehicles at great prices you won't find anywhere else to maximize your options no matter your credit situation.
Contact the Finance Center at AutoFair Ford of Haverhill
Ready to get on the road to finding your next vehicle? Don't let zero, low, or no credit keep you from getting the vehicle you need. Our Finance Team has seen it all and has the tools to help score the financing you need no matter your situation. Contact us today to get started on your application. We are happy to help!
Common Credit Issues
There's no denying that credit issues have become more prominent in the wake of the COVID-19 pandemic. At AutoFair Ford of Haverhill, we understand that there are members of our community who are suffering from the emotional toll of financial hardship, and we want to do our part to help. If you're someone who lives in the Lawrence/Andover area who has recently become a victim of bad credit and are looking for a way to get your life back in order, we might be able to assist you.By providing you with a manageable auto loan, you'll have a good chance of improving your credit if you're able to make consistent payments towards it. Having trouble convincing yourself that acquiring an auto loan right now is worth it? Let our expert financial advisors at AutoFair Ford of Haverhill show you that it may be the best thing to do if you're hoping to improve your credit.
What Causes Bad Credit?
Bad credit can result from a variety of situations, but there are a handful of causes we see at AutoFair Ford of Haverhill more than others. The list below will shed some light on each, and who knows, maybe you'll be able to relate to one of them.
Foreclosure
This may come as a shock to you, but there are many people in and around Haverhill, MA who have lost their homes to foreclosure. In turn, their credit has likely taken a significant beating, but don't worry, our finance professionals at AutoFair Ford of Haverhill might be able to help.
Recently Divorced
Divorce can sometimes lead to poor credit. While there are likely several things on your mind during this tough time, obtaining an auto loan is probably not one of them. If, however, your credit has taken an undesirable turn as a result of your divorce, our finance department at AutoFair Ford of Haverhill might be able to help you bring it back up.
Filing for Bankruptcy
Bankruptcy is a last resort restart button, but it will leave you with bad credit. If you're in search of a fresh start, an auto loan might be the perfect way to get you back on the path to respectable credit.
Forgetting to Pay Your Bills
This may have happened to you at some point, and while it isn't going to ruin your credit right away, it will if you make a habit out of it. With that said, it's important to pay your bills on time and in full. If you're having trouble making the payments on your auto loan, schedule an appointment with our financing team so we can provide you with some potentially life-changing guidance.
First-Time Buyer with No Credit History
We all need to start somewhere, right? First-time car buyers generally don't have any credit, but if you need a car ASAP, we might be able to assist you.
