It is fair to say that second-chance credit financing does not enjoy a stellar reputation. However, for many consumers, second-chance credit financing allowed them to purchase a vehicle while repairing their credit. If your credit is poor, but you need a car, it is unfair to say that "second-chance credit financing should be avoided." This generalization needs to be more accurate for many buyers.
Here are some questions frequently asked about second-chance financing.
What is a Second Chance Credit Loan?
A second-chance credit loan is an option for those requiring a vehicle but below-average credit. This is the only way for many buyers with poor credit to obtain auto financing to purchase a vehicle.
How Does Second Chance Credit Financing Work?
Our team at Tony Graham Auto Edge will be able to get you the second chance credit loan you need. We begin by ensuring that we fully understand your situation and needs. Once we understand your needs better, we reach out to our many financial partners to develop a customized financing plan. These numerous partners allow us to secure the best possible financing for you.
Will The Interest Rate be Higher?
Yes, the interest rate for auto financing for individuals with poor credit will be higher than for conventional financing. Nevertheless, the Tony Graham Auto Edge team can negotiate a favourable interest rate with our financial partners. In addition, we will explain the conditions of your loan in detail, and there are never any secrets. You will know exactly what you are getting into. Our objective is to find a financing plan that you can adhere to improve your credit and, ultimately, lower your borrowing costs.
Come today to learn more about your credit financing options!