If you have bad credit, we're ready to help you rebuild it
At Grayson Hyundai in Knoxville TN, we know how to help people who have bad credit. We can help you get your life back with a credit rebuilding program and we don't care how bad your credit is. We know that a bad credit score can stand in your way when you want to buy a car, a house or make any major purchase. We have years of experience in helping our neighbors in communities like Maryville TN get their credit back in shape.
We can help you avoid the pitfalls of some bad credit car loans
Our dealership isn't like those "Buy here pay here" operations or the "Bad credit car lots" you might see as you drive around town. Some of these used car dealers have a predatory approach in which they get their customers a no credit auto loan with a huge interest rate and terms that are simply unrealistic. Subprime loans aren't cheap but you don't have to get taken to the cleaners. Here are a few things we think you should know.
Some ABC's about subprime auto loans
If you've never had a subprime loan before, maybe you're wondering how they work. Allow us to explain. A subprime loan or a bad credit loan is really a normal car loan, with adjustments made to the interest rates and the terms based on your credit history. The lower your credit score, the higher rate you'll pay. If your credit score isn't above 620, any car loan you get will be well above the national average.
How to determine if you qualify for a bad credit car loan
In our experience helping customers from communities like Farragut and Oak Ridge TN, buyers looking for bad credit financing typically have one or more of these situations listed on their credit report:
- Delinquent payments
- Bankruptcy
- Repossessions
- Unpaid medical expenses
- Divorce
- Student loans
For car buyers who are in an unstable or unpredictable financial situation, and for those whose credit scores are worse than you wish they were, the good news is that you may qualify for a poor credit car loan. If you'd like some personal assistance in figuring it out, talk to one of our financing experts.
Three ways to raise the odds of getting approved for auto financing
You can increase your chances of getting an approval for a bad credit loan in one of the following ways:
- Get the help of a co-signer with decent credit
- Pay with cash to avoid ultra-high interest rates
- Work with us and become part of our credit rebuilding program
We'll roll up our sleeves and help you put muscle back in your credit score
We have two primary ways to help customers in Tennessee who are struggling with a bad credit history. We've built up a network of about 20 lenders who partner with us to help people get the bad credit car loans they need. We also offer hundreds of affordable pre-owned cars so we can put the transportation choices you need on your shopping list. By combining a low-priced car and affordable financing we can get you on the right road.
The benefits of our credit repair financing program
Good credit is a valuable commodity that takes years to build and only minutes to tear down. Just one bad decision or one financial mishap can take your credit legs out from under you. But getting a bad credit car loan is the best path forward. With every monthly payment you make on time, you are gradually increasing your credit score. You're showing the world that you can pay off debt and that's the first step in this important journey.
When it seems everybody else is against you, we're on your side
Our credit repair financing program can be your greatest ally in rebuilding your credit. Paying back a car loan is a tangible demonstration that you can purchase something that comes with a title. We can help you get approved for a bad credit loan and help get your credit score pointed back up in the right direction. Because we make bad credit financing a specialty, we're ready to help you when others turn you down.
We know you need a car to earn a living and we'll help you get it
After you've been hit with a bad financial situation or you simply make a bad decision, we don't think it's fair that you should be denied the right to get the affordable car you need to make a living. You need transportation to get to and from work so you can rebuild your finances and start making your payments on time. That's why we combine value-priced vehicles with affordable bad-credit loans and the advice you need to get on the right track.
We aren't here to judge you or blame you: We're here to help you
We know tough financial circumstances can happen to anyone. We know that major medical bills and divorce situations can happen to very innocent people and we don't want you stuck in a hole you can't dig your way out of. Our credit repair programs at Grayson Hyundai in Knoxville TN have helped countless local people and that's why we stand ready to help you. Get in touch with us today to find out more.
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