How to secure a car loan with poor credit

Choose your dealership wisely

• Some dealerships struggle with subprime lending, which essentially addresses individuals with poor or no credit history. A dealership with a dedicated finance manager specializing in subprime lending can significantly improve your approval prospects.
• Ensure the dealership boasts a strong reputation with positive online reviews. A disregard for reputation directly correlates with a lack of concern for customers. It's best to steer clear of such establishments.
• If the dealership isn't specialized in subprime financing, it's likely they lack the appropriate banking connections in their portfolio to secure your approval.

Choose your car wisely

• An older car doesn't necessarily mean lower expenses. It's a common misconception that older cars have lower payments due to their lower initial price. In reality, newer cars still under factory warranty often come with better financing terms. Older cars, despite their lower price, may have shorter terms and require numerous repairs in the near future. Additionally, they could potentially entail similar payments as newer cars.
• Ensure the dealer provides you with the Carfax report. The last thing you want is a car with a branded/reconstructed title or a rolled-back odometer. Carfax will disclose such issues and keep you informed.
• Has the vehicle undergone a safety inspection? Are there any immediate needs such as tires or brakes? Once more, this underscores the importance of dealing with a reputable dealer.

Choose your bank wisely

Opt for a reputable car dealership with positive online reviews, even when purchasing a used car. These dealerships collaborate with national banks that report your payment history. In contrast, buy here pay here lots may not report your good payment history, thus failing to improve your credit despite making timely payments

Why choose us?

• Exceptional Reputation: Our dealership boasts a stellar reputation among customers.
• Specialization in Special Financing: We specialize in catering to individuals with unique financing needs.
• Extensive Pre-Owned Inventory: Discover the largest selection of pre-owned vehicles in Baltimore, most from 2015 or newer and still under factory warranty.
• Diverse Makes and Models: We offer a wide range of makes and models to suit every preference.
• Vast Network of Banks: With over 25 banks in our network, we provide flexible financing options.
• Low to No Down Payment: Benefit from the possibility of approval with $0 down or minimal down payment requirements.