When it comes to buying a new Buick/GMC, used, or certified pre-owned vehicle, we recognize that each driver has their own set of objectives. That’s why our knowledgeable and pleasant financing consultants take the time to get to know you and your needs before coming up with a variety of affordable choices.
We have FOUR recommendations to help you!
It can be challenging to purchase or lease a vehicle with bad credit, but it is not impossible. We strive to make our customer’s lives easier, so we have researched for you!
Tip #1: Be Okay with our Staff Choosing a Vehicle for you:
After we get a better idea of what you are looking for in a vehicle, we can start doing our due diligence on your behalf. We know our book values, loan-to-value ratios (LTV), debt-to-income ratios (DTI) and all of the other factors that go into the process. Even if the vehicle isn’t you “first choice,” try to stay open-minded. We will do everything in our power to get you the car you want, but while your credit is bad, you might have to compromise.
Tip #2: Make 100% of Your Auto Payments:
Once you are approved on a vehicle, it is important that you make ALL of your auto payments on time because it will help your credit score improve! Since your credit score will improve when you make your auto payments on time, it will mean that when you are ready to get another car, you will have a better chance of getting the car you REALLY want! If you need help setting this up here at Randy Wise Buick GMC in Fenton, Michigan we are happy to help!
Tip #3: Get the Higher Interest Rate:
You might need to bite the bullet on a higher interest rate to be able to get a more established credit score. Then possibly refinance 12-18 months down the road.
Tip #4: Have a Viable Co-Signer:
Always see if you are able to get someone to co-sign! It never hurts to ask. Paying more money down and having a co-signer are your BEST shot at getting approved! Make sure that the co-signer is someone who pays their bills and has a good credit score.
We’d be pleased to organize a one-on-one consultation with you at our auto finance facility, or we can speak with you immediately over the phone or by email. If you’d like to get started immediately, we recommend filling out a quick and secure finance application from the convenience of your home. Once you’ve submitted your information, one of our managers will contact you shortly to discuss a few choices and patiently answer all your questions.
If you have any questions we would be happy to answer them! Call us at 810-354-5149
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