Approved Bad Credit Auto Loans in Greenville – How is That Even Possible?
It is not uncommon for the top buy here pay here car lots in Greenville, SC to promise you approved auto loans. In other words, no matter who you are or what your credit score is, you are sure to get your auto loan approved at the dealership. But as a savvy customer who knows the ways of the banks, you are right to be skeptical. You should question the lender’s intention in handing over money to you even when your credit score does not paint a pretty picture. The reality is – the used car market has come a long way and today if you read approved bad credit auto loans at a reputed dealership like Family Auto, know for sure that you will get what you see.
How BHPH dealers make approved auto loans happen?
The concept of buy here pay here no credit check in Greenville, SC plainly means that the dealership extends an auto loan to you to help finance the used car that you buy from the dealer itself without emphasizing on your credit score. Unlike banks, they do not base their credit approvals on scores. You may have a bad credit score or no credit score at all and the dealership will surely approve your auto loan request.
Now, the amount that gets approved is where things get real. Certainly, you cannot walk into any buy here pay here dealership and claim any amount of loan. The dealer will look into your credit report (not score), take your paycheck into account, and calculate your current debt to income ratio to understand what loan amount you can afford as per the monthly premiums. Thus, when you read approved bad credit auto loans, think that a loan is certain but the amount will vary.
But what if I like a pricier used car?
Then, you need to visit Family Auto used car lots in Greenville, SC where we accept old car trade-ins. Your credit report might not be allowing you to draw out a high auto loan from us but you can always offset that risk by paying a high down payment. And the smart way to make that happen is to trade-in your old car with us where we include the dollarvalue of the vehicle into your financing offer. If you like a pricier used car, we will help you to buy the same. We will design your financing plans so that you come out as the winner in the deal.
Family Auto of White Horse Road promises approved loans on all its bad credit cars for sale and every vehicle comes with an assured 2-year/36,000 miles warranty. Believe that an approved auto loan is waiting for you here and you can plan right to buy the used car you want.
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