Bad Credit Auto Loans

 
Bad credit auto loans and how they help you rebuild your credit.

You have decided to purchase a car near NYC Queens. However, since your credit score is poor you are worried about getting approved for a loan to buy a new vehicle. What would you do under such circumstances?

Well, the wisest thing to do is consider buying a used car since the price is low and affordable, which increases your chances of approval. Used cars don't depreciate as rapidly as new cars do, so banks favor used cars when making a decision to loan the funds. Furthermore, Hillside Auto Outlet in Jamaica, NY helps you get a car loan from top rated banks and lending institutions including credit unions, regardless of your credit score. Many people with bad credit take advantage of auto loans to rebuild their credit scores.

People with poor credit scores are eligible for car loans, albeit sometimes at a slightly higher rate. Bad credit auto loans in Queens, NY and other neighboring places are a reality with established used car dealers like Hillside Auto Outlet, stocked with luxury used cars and economy used cars.

Putting Bad Credit to Advantage

People with poor credit scores are eligible for car loans, albeit sometimes at a slightly higher rate. Bad credit auto loans in Queens, NY and other neighboring places are a reality with established used car dealers like Hillside Auto Outlet, stocked with luxury used cars and economy used cars.

  • The whole process of putting your bad credit to advantage through car loans is quite simple.
  • First, select a used car that is within your budget so that you do not need to go for a hefty loan amount.
  • Next, complete a credit application or financing application on our website. Click here to access our finance application.
  • Then, we will connect you with a lender who gives considerable flexibility in payment options and the one that religiously forwards your payment records to credit bureau so that they can monitor it and revise your score.
  • Timely payment of monthly installments automatically improves your credit score. Therefore, be very prompt in making monthly payment as delays can mar your goal of improving the credit.
  • If you have a forgetful nature and tend to overlook the payment due date, it is wiser to opt for auto paying option. This way, the money will be automatically deducted from your bank account on the designated date.
  • Pay bi-weekly rather than monthly. When you do this you get the luxury of splitting your payment in half so it's easier to manage, PLUS, AND HERE IS A HUGE PLUS, you wind up paying one extra payment each year which will ultimately save you on interest and help you pay your car off faster!
  • Once you see your credit score improve, you can consider refinancing your loan with lower rate one. This will save you money in installments and give you a little breather to accumulate some money for future payments
  • Our lenders have no pre-payment penalties, so if you are able to pay your loan off sooner, you will save money!
  • Besides making on-time payments, if possible, pay a little extra to bring down the principal amount and reduce the interest. This also helps in building trust with the lender of your repayment ability and aids to boost your credit.

Let's do the Math

Every individual does not have a perfect credit score. Circumstances and other conditions beyond control may prove instrumental in impairing one's credit score (for example, our recent coronavirus pandemic). However, this does not mean that they should not or cannot get any loans for their needs. It is just that lenders are skeptical about your repayment ability due to your credit record. We know how to do the math at Hillside Auto in NY.

You + The Right Car + The Right Lender = Approved

New York used car dealers extend bad credit auto loans to Queens, NY, Long Island, New Jersey, Franklin Square, Garden City and many more areas. Thus, to rebuild your credit and improve your score to be eligible for future loans or credit cards, mortgages, and more, it is best to opt for auto loan now. When you visit our used car outlet at 161-10 Hillside Avenue, Jamaica, NY 11432, we will take great care of your auto financing needs.

How Can We Help?

Get in Touch

  • Contact Our Sales Department: (718) 301-6858
  • Monday10:00AM-7:00PM
  • Tuesday10:00AM-7:00PM
  • Wednesday10:00AM-7:00PM
  • Thursday10:00AM-7:00PM
  • Friday10:00AM-7:00PM
  • Saturday10:00AM-7:00PM
  • Sunday12:00PM-5:00PM
  1. Hillside Auto Outlet

    161-10 Hillside Avenue
    Jamaica, NY 11432

    • Sales: (718) 301-6858
Loading Map...