Many of our customers tell us that they are trying to decide between getting a good car with a car loan or settling for a car that only meets their short-term needs that they can buy with cash.
From a safety, long-term investment, and overall quality perspective, we generally encourage our customers to get a car loan that allows them to buy a car that will suit their long-term needs and current lifestyle. We can offer competitive interest rates that will help these customers to keep low monthly loan repayment amounts that they can easily afford no matter how long they plan to keep the car loan.
One issue that comes up with many of our customers with bad credit is the fact that customers with bad credit generally have to pay greater interest rates and qualify for lower loan amounts. When customers have bad credit, we encourage them to go ahead and get the safe and reliable car even if it means paying more for their cars now.
A few years down the road, paying those loan repayments each month will result in a higher credit score. With that higher credit score, they can refinance their car loans in order to save money down the road but they'll still have that safe and reliable car. Getting a car loan is not as easy as some people might imagine. In fact, getting a car loan can be done in the same day that you apply for a car loan!
Two Minute Application
Quick, easy and secure credit application. This is the first step in rebuilding your credit and getting the vehicle you want.
Choose Your Vehicle
Loan Doctor has access to thousands of cars, trucks, vans and SUVs across the country. We finance all makes and models!
Congratulations on your new car! Loan Doctor will continue to work on lowering your interest rate even after you drive away.
People with all credit types can get financed through Loan Doctor. We pride ourselves on working one-on-one with you and your budget to find you a new or pre-owned vehicle that is perfect for your needs, even if your credit history has a few hiccups.
Bad credit car financing in the Barrie area is not a myth; even if you have been turned down at other dealerships in the past, this does not mean you cannot get financed at all.
Our extensive network of lenders allows us to match you with the right financing. We will take a few things into consideration when approving you, including your income, current debt load, and credit score. Give us a call or fill out our online contact form to learn more.