The world of automotive financing isn’t always easy to navigate on your own. Subprime auto financing does not need to be as confusing as it’s made out to be. When working with a knowledgeable finance team, it’s actually quite straightforward.
we can help you understand the subprime loan market and break down the approval process.
What is a Subprime Auto Loan?
A subprime auto loan is a loan that is offered above prime lending rates. If you haven’t yet established credit or you have a low credit score, you may have to pay a higher interest rate than those with prime credit. You’re not alone. Over 20% of auto loans are subprime. We understand that not everyone has perfect credit but this doesn’t change your need for personal transportation. This is why subprime lending exists. Our finance team does everything they can to make it easy for you to get approved for your auto loan.
First Things First.
It is always great to start with a monthly or bi-weekly budget in mind and an idea of what it is that you would like to drive.
Now You’re Ready!
Contact one of our Finance Managers to apply for a subprime auto loan. Once you’re approved you can drive your vehicle off the lot! It’s important to remember that your subprime journey doesn’t end here. Make sure to make your payments in full and as agreed upon to start rebuilding your credit.