Bad Credit Car Loan – Cincinnati, OH
Think it’s impossible to get a car loan if you have bad credit? Sure, it can definitely feel that way. Fortunately, we have the proof that securing a bad credit car loan is easier than you might think. With more and more consumers needing to pursue alternatives to traditional lenders, finding a car loan despite a bad credit score is becoming a simpler process with more car dealerships getting in on what is proving to be an ever-evolving, competitive market – much like the automotive industry itself.
Stop Suffering and Start Shopping Courtesy of a Bad Credit Car Loan
For shoppers located in and around Columbus, OH, particularly those of you wrestling with bad credit, you’ll be happy to know that McCluskey Chevrolet, your trusted neighborhood dealership for new, used, and certified pre-owned cars, extends another branch to its customers. McCluskey Buy Here, Pay Here is the ideal option for consumers who likely can’t pursue the traditional lenders like banks and credit unions because of their shaky financial footing.
Having bad credit is punishment enough and the team at McCluskey Buy Here, Pay Here knows that, more often than not, factors outside of your control contributed to your current, less-than-stellar economic reality. Between company closures, lay-offs, an unpredictable economy rife with nervous and reluctant investors, or even more personal pitfalls, like unexpected health issues that keep you from working, there are dozens of reasons why, despite your best efforts, your credit score is worrisome to your successful financial future.
Take a look at the Buy Here, Pay Here process available for customers in need of a bad credit car loan and take a breath. Help is available and at McCluskey Buy Here, Pay Here, the team is eager to help you turn your situation around by putting you behind the wheel of a reliable ride and getting you back in control of your finances.
The Relationship Between Bad Credit Car Loans and Buy Here, Pay Here
The number of consumers who are unaware of the services provided at McCluskey Buy Here, Pay Here is astonishing. In fact, a great majority of the car shopping population isn’t familiar with the Buy Here, Pay Here process at all. And those who are, likely have a bad taste in their mouths, thanks to a history that favored the dealer over the customer in the majority of transactions.
But, with a demand for used cars increasing and the percentage of consumers in need of credit support still a sizable demographic of potential customers, the industry had to mend its ways and restructure the reputation of Buy Here, Pay Here dealers from one marked by notoriety, to niceties. Not surprisingly, given its commitment to customer satisfaction, McCluskey stepped right up to the plate and has been hitting it out of the park ever since, with its satisfied consumer base ever increasing.
At McCluskey Buy Here, Pay Here, even consumers who fear their credit is beyond help are guaranteed approval. So, that’s one way McCluskey distinguishes itself from the rest of the Buy Here, Pay Here businesses. Consumers in need of a bad credit car loan should already experience a little boost of much-needed confidence, knowing that they will be approved, the question is just for how much and according to what loan terms.
Understanding the Buy Here, Pay Here Path to a Bad Credit Car Loan
McCluskey Buy Here, Pay Here doesn’t believe in surprises. Transparency is the name of the game, so it’s worth taking a minute to educate yourself on the difference between the traditional lenders and car shopping process versus the slightly altered version associated with Buy Here, Pay Here. When it comes to the car shopping you’re likely already familiar with, the drill goes a little something like this. You arrive on the lot, look around, and settle on the car you think is right for you needs and budget. It’s want first. You want this car, and the dealership then sets out to make that happen. Generally speaking, if you have good credit, the dealership and lender won’t have much trouble handing over the set of keys to your desired vehicle.
But, when you have bad credit and need to shop at a Buy Here, Pay Here dealership, like McCluskey, the routine gets flipped on its head. Rather than choose your car and apply for financing, the team at McCluskey will review your credit history and current ability to make on-time payments, in order to determine how much of a loan they are able to provide you. You can almost think of it like getting an allowance – a set amount that you can spend. No more – no reaching past your budget and compromising your credit further.
So, the McCluskey Buy Here, Pay Here team presents your loan and then points out which vehicles fall under its coverage. It’s actually a great way to narrow down your options, which might already feel limited, but this is actually a carefully calculated limitation for the good of your financial future.
Only with the right loan can you hope to rebuild your credit and re-establish yourself as a good risk to future lenders for future loans.
Be aware of the fact that since you are considered more high risk than consumers with good credit, you’ll likely be presented with significantly higher interest rates, in some cases upwards of ten percent. Try to look at this less as a penalty and more like potential. The potential to recommit to your financial well-being by making your payments consistently and by their due dates so that you clear off this debt sooner than later.
In some cases, consistent, on-time payments can contribute to the Buy Here, Pay Here dealer renegotiating your loan for a more favorable interest rate. But, it’s up to you to prove that you’re good for it first.
Making Payments on Your Bad Credit Car Loan
Now that you’ve got a car, courtesy of McCluskey Buy Here, Pay Here, you are responsible for making on-time payments on a consistent basis. While most lenders will accept loan payments online, over the phone, or in the mail, this isn’t the case with Buy Here, Pay Here. Part of your accountability to this loan and lender will involve showing up. Literally. You will most likely be expected to physically arrive at the dealership with cash or check loan payment in hand, and payments will be expected, in most cases, every two weeks.
Convenient? Not in a traditional sense, no. But, if you carefully incorporate your payment into your daily grind, whether it’s dropping your check off on the way to or way home from work, you can make the process of paying off your loan a regular part of your routine, rather than an interruption.
There’s an added bonus here and that’s the relationship you’ll start to establish with the McCluskey Buy Here, Pay Here dealership, which, if nurtured and managed correctly, could prove very beneficial to you in the future. Once you’ve made it clear that you are, in fact, a responsible individual with respect to this bad credit car loan, you’ll better position for future loans with better interest rates. In other words, the team at McCluskey will trust you and be more willing to do business with you in future, and hopefully that future will not include another Buy Here, Pay Here loan, but something from their traditional lending program instead.
Make a move to McCluskey Buy Here, Pay Here and make some progress towards a firmer financial future.
Visit McCluskey Automotive for Buy Here Pay Here in Cincinnati. We are located at 9024 Colerain Avenue, Cincinnati, OH 45251 in front of Target.