Bad Credit Car Loans
Bad Credit Can Happen to Anyone
Having bad credit is nothing to be ashamed about, it can literally happen to anyone. Tough financial situations can come out of nowhere and we are not always ready for it. Anyone who has been in this situation knows how difficult it can be to start rebuilding his or her credit score. It might not have been your first guess, but committing to something as simple as a car loan you can afford can be a great way to build up your financial backbone from scratch. At Sherwood Park Toyota our expert Finance Team are able to help provide a Car Loan accessible to you regardless of your credit situation. Want to learn more? Keep reading!
I Don’t Know if I have Bad Credit, Do I Qualify?
It is easy for your credit score to fall, but not so easy to get it back up again. Divorce, medical emergencies, or periods of unemployment can cause you to miss a few credit card payments or loan payments, and will negatively affect your credit score. The state of your credit score will affect the kinds of loans available to you and typically the greater your score, the more options become available to you. You are considered to have “bad credit” if your score drops below 640, at which point typical institutions may have problems lending you money. This can be a problem if you need a safe vehicle to help you get to work! Don’t stress out, our Finance Department can help.
How Do I Apply For A Car Loan
Applying for a car loan with Sherwood Park Toyota is as easy to get started as filling out our two-step Online Financing Application form. The first will ask for only a couple pieces of basic information for one of our Finance Experts to contact you and takes about 30 seconds to complete. The second allows our team to instantly assess your credit and budget in order to determine the perfect loan and also your available options so you can pick the dream car that falls within your budget. The forms are 100% secure and your information will never be shared with anyone.
How Do I Rebuild My Credit
Once we set you up with the perfect car loan, all you have to do is make your monthly payments on time and you will be fast-tracking yourself to a great credit score. Rebuilding your credit by financing a new or used Toyota vehicle opens your life up to other great options requiring a strong credit score such as getting a mortgage for a home or that first loan to start your own business. The advantages to having good credit are boundless and we are excited to help you get your start along with a safe and reliable vehicle.
Get Approved Today!
Not convinced or still need more information? Someone in our Finance Department is always available to answer any specific questions you might have about getting a car loan, regardless of your credit history. You can give us a call at (877) 659-0164 or even drop by and visit our showroom at 31 Automall Rd, Sherwood Park, AB T8H 0C7 anytime during business hours.
The best thing you can do to give our Finance Team the information they need to help you is to fill out our simple online form! This way they can be as informed as possible when trying to help you.