Springfield, OH – January 17, 2022 – In a website post, Jay North Auto has outlined some tips crucial in helping customers address their bad credit when looking for a new car.
The first thing people should do when shopping for a car with bad credit is obtained an official credit report and begin considering how the report will look in the eyes of a lender. A good rule of thumb is to monitor the credit report for about three months before digging into the car search. This will help the buyers when it comes to addressing any outstanding items properly.
The next thing is for the buyers to determine what they can afford. Shopping for used cars with bad credit can sometimes make it more difficult for the average car shopper to understand their budget, but it’s also important to focus on the bigger picture. While shopping through a car dealership’s inventory that works with bad credit, bad credit can affect interest rates.
It’s always important for the customers to have their paperwork in order when applying for a car loan, and many lenders will want to see 1099 or W-2 forms as proof of income. By simply having all of these financial documents when visiting bad credit car lots like Jay North Auto, the customers can respond to their loan application within hours instead of days.
It’ll be important to seek approval from more than one lender, which bad credit dealerships like Jay North Auto will be happy to help with. Next, choose a car. Loan lenders view cars differently, and they’re generally more likely to approve new cars with less mileage than older vehicles. The financing equation that loan companies utilize will entail the car’s age, history, mileage, and buyer’s credit history/score.
The sometimes hard truth for car shoppers with bad credit is that they’re likely to need a down payment, and most banks will require a minimum of 10% down or $1,000. It’s also important to note that the more someone puts in their down payment, the more likely they will approve a better interest rate. Finally, Jay North Auto will help clients close the deal by applying for the loan on their behalves.
About Jay North Auto
The North family has been selling the highest quality cars, trucks, and trailers since 1965, and for almost 50 years, the North name has stood for honesty and integrity in an industry that sorely needs it. What sets the agency apart is the commitment to treating clients like family. Top-quality service before, during, and after the sale. The agency carries a great selection of quality inspected pre-owned cars & trucks in Springfield, Ohio.
Media Contact
Company Name: Jay North Auto
Contact Person: Sales
Email: Send Email
Phone: 937-325-3748
Address:501 E. Columbia St.
City: Springfield
State: OH
Country: United States
Website: https://www.usedcarsspringfieldoh.com/
