Are you car shopping near Birmingham and Huntsville, Alabama but you have a less than ideal credit rating? If you wonder how to make your dream of driving that quality new or used Hyundai a reality with your low credit score, then turn to Hyundai of Decatur!
Our in-house finance department in Decatur, AL works with nearby car buyers of all credit ratings and financial situations. Let us make you feel comfortable with your loan options, whether you have pristine, poor or even no credit. Here, we'll assist you in applying for sub-prime auto loans, as well as go over what the bad credit financing process entails.
Here at Hyundai of Decatur, we field many questions regarding sub-prime financing, so let us address some common concerns from car shoppers with low credit scores. You have come to the right dealership and finance team if you are curious as to whether you qualify for sub-prime financing.
When determining a car buyer's eligibility, our Decatur, AL finance team takes into account many factors, including the following:
Auto lenders like the finance staff at Hyundai of Decatur will also consider the amount of money you want to borrow for the loan and also weigh your ability to pay back that loan over time. Your debt-to-income ratio is calculated to help determine your current financial standing, along with your ease of staying up-to-date on your upcoming car loan payments.
To initiate the bad credit financing process, first apply for auto loans using our secure online credit application. Our auto financing pros will then run a credit check to understand your current credit rating and unique financial situation.
Lenders use these credit checks to determine if any bankruptcies, foreclosures, repossessions or missed payments have occurred. To help ensure there are no surprises once you apply for bad credit car loans, be sure to obtain the latest version of your credit report, and check for any errors.
The greater the amount of money you can offer as a down payment the better, since a smaller total loan amount represents less risk to the lender. So start putting money aside now for your new or used Hyundai!
If you are shopping for a new Hyundai here at Hyundai of Decatur, then you may find more favorable loan terms, since newer cars typically offer some of the lowest rates. If you are interested in any of our used cars for sale, our finance team will work with you to settle on credit terms that complement your current financial situation.
Submit your auto loan application then make the short trip over to our Decatur, Alabama dealership to visit with our finance specialists. Hyundai of Decatur is the place to shop for a new or used Hyundai and get sub-prime auto loans near Madison and Huntsville, AL.