Getting Qualified with Sub-Par Credit | Crittenden KY | Serving Lexington & Cincinnati

Getting Qualified with Sub-Par Credit in Crittenden, KY

Purchasing a car can be pretty exciting. With so many options at our dealership, it can be a bit overwhelming. But when you have sub-par credit, you may feel like your options are limited.

If your credit score is less-than-ideal, don’t worry! Here at Marshall Chrysler Dodge Jeep Ram, our finance team is here to work with you find a solution and hopefully get you behind the wheel of a vehicle that fits your lifestyle and budget. Keep reading to learn more about how you can get qualified.

What is a credit score?

Those three digits on your credit report can be decisive to determining what kind of interest rates you get. Scores range from 300-850, and scores above 700 usually mean you can qualify for lower interest rates. This number is calculated on your credit history, which could include things like late payments on car loans or credit cards as well as how long you've had your financial accounts.

Establish your price range

If your credit score isn't great, then be prepared for a slightly high interest rate on your loan. However, if you buy something that's a little bit under your desired price range, you'll find that it's easier to keep up with your payments. Find out ahead of time what you can afford with a higher interest rate.

Keep up with your payments

Pay early and chip away at your loan by paying a little bit more than the minimum payment each month. You can even pay off your loan early if you're able to! Doing so will actually end up improving your credit score, which could mean that when it's time to buy a car again, you may qualify for a lower, more manageable rate.

Learn more today

At Marshall Chrysler Dodge Jeep Ram, we work with customers from a variety of financial situations. If you're worried about what kind of vehicle you can afford, you can still feel free to stop by and see us. We'll try our best to find a vehicle and payment option that works for you.

If you're ready to get behind the wheel of a great new or used vehicle, come visit us at Marshall Chrysler Dodge Jeep Ram at 140 Spears Ln, Crittenden, KY 41030 for a test-drive. We proudly serve customers from Lexington and Cincinnati.

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