Even with Bad Credit, Car Loans are Possible

Bad Credit


Life happens. There are layoffs, medical bills, unexpected expenses, and any number of things that can put us behind on our bills and make a dent on our credit score. So, you may be trying to figure out how to get a car loan with bad credit. The good news is that even if you have bad credit, car loans can be well within reach. In fact, our finance center has helped numerous Capitola drivers to understand how to get a car with bad credit. Just follow the tips below!

How to Get a Car Loan with Bad Credit

You should not be deterred from getting a car just because you have bad credit. Car loans on a low credit score are a lot easier to come by than you may think. Plenty of our Santa Cruz customers have done it. Here’s how to get a car with bad credit in five steps:

How to Get a Car Loan with Bad Credit

  • Pull your credit report
  • Save for a down payment
  • Find a car you can reasonably afford
  • Get a co-signer

Pull Your Credit Report

It’s difficult to figure out how to get a car on bad credit when you don’t know what’s causing the credit to be bad in the first place. So, pull your credit report. You’ll be able to identify the issues that are keeping your score down. Review your report for any issues. Resolve the issue, inform the credit reporting agency, and fix your credit!

Save for a Down Payment

Putting together a down payment isn’t easy for everyone, especially if you’re living from paycheck to paycheck. But if you can save up for a down payment, you’ll be in a much better position to buy a car.

Find a Car in Your Budget

There are plenty of dependable cars that are perfect for your Watsonville commute and won’t break the bank. We know because we have several of them on our lot!

Get a Co-signer

Getting a co-signer with good credit can go a long way towards getting a loan. However, you should both know that if you can’t pay the loan, your co-signer will have to. Also, late payments will go on their credit report.

Let the Finance Department at Santa Cruz Toyota Help

We’re not afraid of bad credit. Car loans should be easy to get, and they are at Santa Cruz Toyota. You can even apply for financing and calculate your payment online. Why not talk to our finance department about your options? We’re just a short drive away from Santa Clara. So, contact us today!

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