Most car dealerships treat you a certain way based on your credit score. A bad credit score or no credit history can make it difficult to secure financing. However, it is not impossible.
The issue with auto financing is that most dealers do not have access to lenders who are interested in offering help to drivers with bad credit scores.
Your credit score shouldn’t stop you from financing your dream car. While getting a car loan in this kind of situation seems impossible, you can approach bad credit car dealerships in New York who can help you create a custom-tailor to suit your needs.
These are small lenders and they can offer loans according to your requirements.
Here are some of the dealers you should know about.
Top Bad Credit dealerships in New York
1. Auto Credit Express
Key points:
- 30-second pre-qualification form
- $1500/month income to qualify
- Rating – 4.9/5
Auto Credit Express has partnered with over 1,200 U.S. auto dealers to provide solutions to applicants with bad credit scores. It evaluates your score and finds the most suitable deal for you. There is no requirement for any minimum credit score as such but you do need to have at least $1,500 income per month.
Qualified applicants will have to fill out a prequalification application form which takes about a minute to fill. If your application gets approved, you can immediately start shopping for your new car.
2. Car.Loan.com Auto Loan
Key points:
- Specialized services in auto loans
- Same-day approval
- Affordable payment options
- Rating – 4.5/5
If you are looking for a car dealership that offers same-day loan approvals, Car.Loan.com is a service that you have to try. There are thousands of applicants who apply for loans on this website. The best thing about this service is that they do not require a minimum credit score to apply for a loan. If the loan gets approved on time, you can get the best offers from the partner lenders in the network.
3. myAutoloan.com
Key points:
- A large network of lenders
- Provides loans for new cars, used cars and offers refinancing options
- Rating – 4.0/5
MyAutoloan.com has a large network of partner lenders who offer new and used cars along with refinancing options. As soon as your loan application gets submitted, you can get up to four loan offers.
When your loan is finalized, you can get a loan certificate within 24 hours.
4. DriveTime
Key points:
- Instant offers
- Instant Downpayment calculation
- Rating – 4.9/5
DriveTime is a car dealer and a bank at the same time. If you want to get a good car deal without worrying about meeting loan officers, you can choose DriveTime as your bad credit car dealership.
The dealer has over 11,000 vehicles across 130+ locations all over the U.S.
How to get financed for a car with bad credit?
There are several lending networks on the internet where you can find lenders who are ready to offers loans within minutes. As a customer, you will find several favorable terms offered by these dealers.
After selecting your best loan option, you will be prompted to go through the paperwork. Most of these loan providers offer loan certificates or checks within 24 hours. This means that you can get your dream car in a very short period.