Financing a car can be time consuming. First, you must find a car you like, look for a reasonable price to pay, and decide where you will do business. But the longest part of the process is being at the dealership. Whether you are doing back and forth on a price, going through their selection of cars, or the dreadful finance office. For some consumers, financing a vehicle is not a problem. They know they will get the lowest interest rate possible. While other consumers, play the waiting, hoping, and wishing game for a bank to finance them. Since over 94% of consumers finance their vehicles, this is a major piece to the puzzle. Waiting on the bank to finance a person with a credit score of 600 or lower can take hours and sometimes overnight! Don’t worry though as I will show you how to finance a car with a 600 credit score or lower.
First: Get Your Credit Reports
The biggest mistake I have seen in 4 years in the automotive business is consumers not knowing their credit score. Or worse, they have an idea they that they may have a low score but set unrealistic car goals to achieve. 90% of top lenders use FICO® Scores With that said, consumers should know where they stand before they step foot in dealership. If you want to see what score the dealership will see and send to the banks, I recommend you get your personal FICO score and reports as soon as possible. Click the banner below to obtain yours.