Acquiring an auto loan can be described as a double-edged sword. Being approved for a loan gives buyers a chance to buy a car and pay for it over time. If your credit is less than perfect, you might have trouble securing a loan. However, getting an auto loan even with a bad credit score isn't impossible, and New Roads Auto Loans can prove it.
Here's what you need to know about getting an auto loan with bad credit in New Jersey.
In most cases, buyers need a credit score of at least 650 to secure a zero down payment auto loan. Unfortunately, not everyone has this kind of credit. Don't let your past affect your future. New Roads Auto Loans often can lend to customers in bankruptcy; We can also look at giving a zero down auto loan as long you stay within the lending parameters. Our application process takes about two minutes and you can get a decision in as little as 30 seconds.
Another common mistake that loan buyers make is taking more than they can handle. It's natural to want more, so you don't have to worry about being short money. However, taking out a larger loan isn't as glamorous as it sounds. The more you take out, the more you have to pay back.
If you have less-than-perfect credit, then being saddled with something you can barely pay isn't recommended. Our expert staff can work with you and determine what your approval amount is and what type of vehicle you can qualify for.
Luckily, New Roads Auto Loans offers various financing options to ensure clients get the cars they want. In addition, we also ensure that our clients won't have to worry about things like fees and a long application process.
If you're looking to buy a car but have less than perfect credit, you came to the right place. New Roads Auto Loans has been supplying loans to those with bad credit for almost 30 years. Contact our toll-free number at 1-888-920-6819 for more information today and to obtain the vehicle of your dreams.