We all need to have a reliable vehicle to get us where we need to go. Relying on public transportation, family members, or friends doesn’t always cut it. Where it’s an urgent matter, or just activities of daily living, reliable transportation is a very important thing to have.
A barrier to purchasing a vehicle of your own can sometimes unfortunately be your credit score. if you don’t have great credit, you don’t have a lot of options for getting the money you need to buy your own vehicle. You may feel like you don’t have any options other than to squirrel away whatever you can for as long as it takes to save all the money to buy the car outright. And that’s really not an option for a lot of people.
Fortunately, you have other options. If you don’t have a stellar credit score or you have a short credit history (or no credit history), you may still be able to qualify for financing. Tim’s Truck Capital offers subprime auto loans for those who struggle to get traditional financing because of lackluster credit. We offer high-quality and affordable used vehicles that you need, as well as financing options for everyone. We are committed to helping you get the vehicle you need, regardless of your credit history.
A subprime loan is specifically targeted at those with lower credit scores. There is no hard-and-fast rule for what credit score you must have to qualify for these loans. However, most lenders look at what would be considered a “fair” or even sometimes a “poor” credit score.
You may have such a score because you have some late payments or delinquencies on your record or because you don’t have enough credit history. You can also have a lower credit score because you have run up the balances on your credit accounts or because you have recently taken out a few lines of credit, such as a home loan, a student loan, and a credit card.
Life happens, and you can’t always maintain a perfect credit score. But that doesn’t mean you should have to suffer more hardship while you are already going through a hard time financially. Being without a vehicle can make it harder for you to get to work, to take your children to school, or to get the healthcare you need. A subprime auto loan makes it easier to get the financing you need so that you can buy a reliable vehicle to get you where you need to go when you need to go.
Tim’s Truck Capital is committed to helping you find the financing you need to buy the vehicle you need, and that’s why we are proud to offer subprime auto loan financing at our Epsom dealership. Subprime auto loans work much the same as other forms of auto financing. You will be asked to submit information about your finances, such as a W-2 or 1099 form that shows your income. We will also run a credit report to get a sense of your other financial obligations and your ability to pay back the loan. We’ll then find the financing options with the best terms available to you so that you can buy the vehicle you need and still stay on budget.
Our friendly and dedicated staff will walk you through every step of the process so that you have the knowledge you need to make the right decision for your budget. We will answer all your questions so that you feel empowered to make the right choice and you feel good about your purchase.
You may just now be starting your search for a new vehicle and you may not be ready to buy for a few more months. By starting your search early, you are actually setting yourself up to get the best financing terms on your vehicle, as well.
You can make a big improvement in your credit score in just a few months if you take the right steps. The first thing you need to do is pull your actual score so that you know where you are starting from. Take a look at your credit report as well to make sure there are no errors on the report that could be negatively affecting your score. If there are any errors, report them immediately and begin the dispute process.
The next most important thing you can do to improve your credit score is to pay all your bills on time. Even one late payment can set your score back and keep it down for longer than you like. If you can’t avoid missing a payment deadline, call the company and arrange to make your payment later. The company is far less likely to report the late payment to the credit bureaus if they have already made an arrangement with you.
If you have anything unique in your credit – such as a foreclosure or a tax lien – you might want to talk to a financial counselor about what you can do to improve your specific situation. There may be programs that can help you.
Once you have all the information you need and you have been working on improving your credit score for a few months, it’s time to get all your financial documents in order. When you apply for financing, it’s going to improve your chances of getting the best terms if you can show that delinquencies have been paid, your income is steady, and so on.
Of course, getting the right financing also depends on having the right vehicle to finance. You need to find one that’s affordable but also reliable and has plenty of value left in it.
That’s another way that Tim’s Truck Capital helps you. We have a large lot which is full of many vehicles of all makes and models. You can most certainly find the perfect vehicle to meet your needs while also fitting within your budget.
Take a look at our online selection to get an idea for some models you might like, then visit us and take a test drive of your favorites. While you’re narrowing down your selection, our finance team can be running the numbers and looking for the right loan program to fit your budget, even if you still have a low credit score.
Our goal at Tim’s Truck Capital is to help you get the vehicle you need, even if you have had some financial troubles in the past or if you don’t have much credit history and you are buying your first vehicle. Our staff is dedicated to helping you first find the right vehicle and then find the right financing plan to afford it. We’ll look for the program that has the best interest rates and the best terms so that you can keep your budget low and keep building a great credit history. By the time you are done paying off your loan, you may have improved your credit enough to get the best terms available.
We encourage you to shop around for rates on subprime auto loans and other financing programs in the Epsom area. We’re confident that you’ll find that Tim’s Truck Capital offers some of the best terms. We’re also confident that when you look at the used vehicle options in the area, you’ll find that Tim’s Truck Capital has the best selection and the best pricing. We sell a lot more than trucks. We sell vehicles of all types, all makes, and all models, and we have a robust finance center to help you find the right program to afford the vehicle. We also have a service center staffed with highly trained and expert mechanics who can perform all the maintenance and repairs that your vehicle needs.
Visit Tim’s Truck Capital today to browse our selection and to talk with a finance specialist about subprime auto loans and other financing options available. We are committed to helping you find the financing you need so that you can drive home with a new vehicle today. Stop getting turned down because of your bad credit! Visit us today and get the “yes” you need so that you can buy the vehicle you need.
*By appointment only
*By appointment only