How to get a car with bad credit?
If your financial past is less than great -- perhaps you’ve dealt with a bankruptcy, unemployment or other hardships, or even if you are a new resident or retired -- you may find it difficult to qualify for a car loan through traditional lenders such as dealerships and financial institutions. It may make you feel better to know that there are used vehicle dealerships that specialize in helping people just like you – who are trying to put their financial past and bad credit history behind them, and to qualify for a bad credit auto loan.
Is buying a car a good way to build credit?
One way to start rebuilding your credit is to apply for a second chance auto loan, or, if need be, a third chance car loan, and, after qualifying, to start making regular payments on that loan. Be somewhat forewarned through, quite often these bad credit car loans can come with slightly higher interest rates, unless you choose the right provider. Once such provider, JMG Auto Finance near Terrebone, Montreal and the West Island, has some of the best interest rates for these types of loans.
How to get a car with bad credit?
It’s simple to apply. You can either drop into JMG Auto Finance, or you can fill out an online application. You will need to gather a few things before you begin - such as an understanding of your current debt, what kind of monthly payment you can afford, your housing and employment history and your social insurance number.
Can I buy a car after bankruptcy?
Perhaps you have filed for bankruptcy in the past and you are worried that will reduce your chances of qualifying for a car loan. It may be true that you will be turned down by traditional lenders such as banks, credit unions and new auto dealerships, but there are still opportunities for you to get approved for financing by a company that specializes in arranging credit for people with a poor financial history. Our company, JMG Auto Finance, can help you with buying a car after bankruptcy, with our experienced team of credit specialists and our access to financial resources.
We understand that “life happens” to a lot of people, and sometimes that can include financial issues such as bankruptcy and loss of employment, but we like to offer you hope that you can qualify for financing and find yourself driving again. Our car lot includes many used vehicles that will give you years of driving comfort and mobility, and our loans feature some of the best interest rates in Montreal, Laval and the West Island.