Bad Credit Car Loans
Searching for your next car with less-than-perfect credit? If so, we at Fremont Motor Companies can help you move forward. Below, you will find more information about bad credit car loans, how to improve your credit score, and our virtual finance tools.
Drivers like you throughout Cody, Casper, Lander, Powell, Riverton, Rock Springs, and Sheridan, WY, or Scottsbluff, NE, can contact us with any questions or to schedule an appointment with one of our experts today!
How Is a Car Loan Calculated?
When buying a car, many drivers choose to finance all or a portion of the cost by taking out a car loan from a financial institution or other lender. This entails making monthly auto loan payments until you’ve paid it back the loan in full and own the vehicle outright.
The Length of the Loan
Your credit score largely determines both the type of car loan you can get and the associated interest rate. Other factors that determine the rate of your auto loan include the length of the loan, or how long you will have to pay it back, as well as how much the vehicle costs and the down payment you make.
The Down Payment
One of the best ways to reduce the monthly payments for your auto loan is with a down payment. The down payment is the amount paid directly towards the cost of the car. The remaining balance is financed with the auto loan.
If you want to trade in your current set of wheels, you can apply its value towards your down payment.
How Can I Improve My Credit Score?
At our dealership, we’re dedicated to working with you regardless of your current situation. If you’re in the market for your next car and your credit score isn’t as high as you like it to be, there are a few steps you can take to boost it before you apply for an auto loan.
Check Your Credit Score
The first step is to verify that your credit score is accurate. If you notice any discrepancies, be sure to dispute them because this could raise your credit score right away. There are a variety of sites through which you can safely check your credit score like the following, and more:
Once you know your credit score, you can begin to explore your loan options. This will give you a better sense of what your monthly payments might be.
Stay Current with Payments
If you have less-than-perfect credit and time to build your credit before applying for an auto loan, you’ll want to catch up with any late payments. Along with that, try to limit the amount of new credit lines you open, while also keeping any unused credit lines open, even if you are no longer using them.
Moving forward, consider setting reminders to help you stay up to date with all your future payments.
Our Car Loan Financing Tools
We offer a variety of special financing options to help you take the wheel. With our experts by your side, you can secure a fair payment option for your next car. To prepare for your visit, we invite you to jump-start the process by using our online financing tools:
This will streamline the process at our dealership, allowing you to take the next step sooner.
Speak With a Member of Our Finance Team
Now that you know more about bad credit car loans and what you can do if you currently have less-than-perfect credit, it’s time to speak with one of our knowledgeable associates.
Give us a call at Fremont Motor Companies to schedule your appointment near Cody, Casper, Lander, Powell, Riverton, Rock Springs, or Sheridan, WY, or Scottsbluff, NE, today!
| Monday | 8:00AM - 6:00PM |
| Tuesday | 8:00AM - 6:00PM |
| Wednesday | 8:00AM - 6:00PM |
| Thursday | 8:00AM - 6:00PM |
| Friday | 8:00AM - 6:00PM |
| Saturday | 9:00AM - 5:00PM |
| Sunday | Closed |
| Monday | 7:30AM - 5:30PM |
| Tuesday | 7:30AM - 5:30PM |
| Wednesday | 7:30AM - 5:30PM |
| Thursday | 7:30AM - 5:30PM |
| Friday | 7:30AM - 5:30PM |
| Saturday | 8:00AM - 2:00PM |
| Sunday | Closed |
| Service Department hours will vary by location. Please call to confirm. | |
| Monday | 7:30AM - 5:30PM |
| Tuesday | 7:30AM - 5:30PM |
| Wednesday | 7:30AM - 5:30PM |
| Thursday | 8:00AM - 5:30PM |
| Friday | 7:30AM - 5:30PM |
| Saturday | 8:30AM - 2:00PM |
| Sunday | Closed |
| Parts Department hours will vary by location. Please call to confirm. | |