Many Kettering drivers are not sure if they have the credit score needed to finance a new Mercedes-Benz vehicle. There is good news – most dealerships offer bad credit car finance options. Learn what credit score is needed to finance a car, and be sure to reach out to the finance department to discuss your options even further. We work hard to take our competitive prices and unbeatable vehicle specials to create a financial package that fits within your budget.
The average credit score of drivers who have been approved for auto loans in 2020 is 721 for a new vehicle and 657 for a pre-owned car. Springboro-area drivers can still get bad credit car finance loans regardless of their credit score. However, the lower your credit score is, the higher interest you will pay. Here is a look at the health categories for credit scores:
What credit score do you need to obtain financing for buying a car? That depends because Oakwood drivers with a deep subprime credit score can still obtain bad credit car finance loans, but they will have to keep the following in mind:
If you still want to know if you have a good credit score or one that’s good enough, to obtain an auto loan, give us a call! We’ll determine whether or not a bad credit car finance loan is your best option, and find ways that you can improve your leverage at the negotiating table.