Life happens. And sometimes, the result of “life happens” is having a low credit score. If you’re in the market for a new vehicle, you might think that you’re out of luck if your credit score isn’t where you want it to be. However, the good news is that you can still be approved for financing a new vehicle, even if you have poor credit.
Our dealership is proud to work with buyers of all credit types and offers several options for those who are still working on their credit scores. Here’s what you need to know about getting approved for financing with poor credit.
How Credit-Challenged Financing Works
The most important thing to know is that our dealership has years of experience working with credit-challenged buyers and helping them get financed for a new vehicle. In fact, we routinely work with all types of credit scores every day!
To get started with financing, we recommend speaking with one of our financing specialists to discuss your budget, credit score, and employment to see what you could qualify for. Financing a vehicle isn’t like buying it outright. Instead, financing means that you’re taking a loan out to pay back in monthly installments. As such, we look at the bigger picture and all the factors that can help to repay this loan easily.
All you need to do is click on the “Finance” tab on our website and then “Credit Challenged Financing.” Once you’re brought to this page, go ahead and complete and submit the form at the bottom. This form is specific to applicants with poor credit scores. Just fill out your name, contact information, and zip code, and a member of our finance department will be in touch to discuss your options.
Vehicle Options for Buyers with Low Credit Scores
Our finance department is known for making magic happen; however, part of that magic is letting you know what vehicle options are available to you. In fact, our dealership has a number of vehicles specifically for those with poor credit.
These vehicles include the Jeep Renegade and Dodge Journey. Our staff is routinely able to get drivers with either no credit or bad credit behind the wheel of these vehicles without any issues as part of our subprime loan program.
A subprime loan is a type of loan that is offered to individuals with poor credit who otherwise would not qualify for a prime rate loan. If you have any questions about this program or financing a vehicle in general, we welcome you to reach out to our finance department for help. We can be reached at 386-866-2940.
The Dodge Journey
The Journey makes a great family vehicle. Though it was discontinued in 2020, it is still available for purchase through our pre-owned lineup of vehicles.
It has a 2.4L 4-cylinder engine, leather seats, a sunroof, a rearview camera, and keyless entry. Best of all, it has a seating capacity for up to seven people.
The Jeep Renegade
The Renegade was built for adventure. In addition to being Trail Rated, the Renegade has excellent ground clearance and water fording that makes it possible to drive through up to 19” of water with ease.
In addition to these capability features, the Renegade also has all-wheel drive and a turbocharged 1.3L 4-cylinder engine that makes it easy to tow loads up to 2,000 pounds. This is perfect for hauling small pop-up campers or recreational vehicles on a family road trip.
Like the Journey, the Renegade is also being discontinued. However, you can still find it in our lineup of available pre-owned vehicles.
Ready to Find Your Next Car? Let the Team at Palatka Beck Chrysler Dodge Jeep Ram Help!
Dealing with poor credit has its challenges, but it’s by no means a barrier to getting you the car you need to get from Point A to Point B, and at Palatka Beck Chrysler Dodge Jeep Ram we understand that.
Sure, there are ways to make your car more luxurious, but at the end of the day having a safe car to drive is a necessity and we’ll work with you to help you secure financing for one. You can get pre-approved through our website by filling out our fast and easy finance application.
If you prefer to get approved at our dealership, just stop on by. We’re conveniently located at 256 US 17, Palatka, FL 32177. We look forward to seeing you soon and helping you drive home in a brand-new vehicle.
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