Can I Get a Car with Credit Assistance in Freeport, NY?
If you’re worried about your credit score and how it will affect your ability to purchase a vehicle, South Shore Mitsubishi wants to ease your mind. Our Finance Department provides options for a wide range of credit scores, so take a look at our list of tips below to see how you can get started!
What is Credit Assistance?
First off, it’s important to know what your credit score is before starting to look for a new or pre-owned vehicle. Because your credit score can change frequently, you’ll want to make sure you have the latest update on your score. Lenders usually group scores into three main categories: excellent, good, and poor. In most cases, a score between 300 and 660 fits into the poor or credit assistance category.
Auto Loan Options
The ideal situation if you have credit assistance is to wait to purchase a vehicle until you’ve had a chance to rebuild your score. However, we understand that the process can take a long time and you may be in need of a vehicle in Freeport right away. The good news is that you can purchase or lease a vehicle even if you have a low credit score. You may end up with a higher interest rate, but with the help of our finance team and our selection of affordable vehicles, the freedom of a dependable vehicle is possible. We understand that there are many situations that can cause your credit score to fall, which is why we are committed to helping you get approved for a manageable auto loan.
When assisting customers who have a low credit score, we take a look at their current income and job stability. In some cases we may request a letter of recommendation or a co-signer on the loan. A great way to begin the process is by completing our quick pre-approval credit application. It doesn’t affect your credit score and provides an estimated range of loan options you may be eligible for. Completing the application also gives our team a chance to start putting together some options on your behalf. Combined with our affordable new and pre-owned Mitsubishi models, our finance options here at South Shore Mitsubishi are designed for your success.
Quick Tips for Improving Your Credit Score
- Keep old accounts open
- Only open new credit accounts when needed
- Set reminders or auto-pay to ensure on-time payments