Whether you’ve been driving a pre-owned car for too long or just need to replace your old car, many drivers wonder, “Can I get a brand new car with bad credit?” We’ll find a financing plan that works for every type of driver at Pearson Mazda, so there’s no reason to stress about applying. Don’t miss out on these essential tips to new car ownership!
Make a Larger Down Payment
The simplest way to improve your credit application is to save up for a bigger down payment. Your loan application will be for the total cost of the car minus any down payment, so a larger down payment means you’re applying for a smaller loan. If you’ve come close to being approved before, this can make a big difference.
Clean Up Your Credit
If you haven’t checked your credit report recently, you may have outdated information — or even other people’s debts — affecting yours. Go through your credit report and contest any inaccurate information with the credit bureaus. It may take time to process, but by the time the dust has cleared, you may have a stronger credit history, especially if one big error is dragging you down.
Add a Co-Signer
When you add a co-signer, your credit histories are considered together. That can really help out if your co-signer has a much stronger credit history, but make sure to be prepared for any drawbacks. Any missed payments will show up on their credit history, too, so have a conversation early about what you may do if you can’t keep up with payments.
Apply for MAZDA Financing in Richmond, VA
No matter what your credit history looks like, we’ll find a model that works for you at our Richmond, VA Mazda dealership. Stop by and explore our spacious showroom, then talk to our team in person. Find a plan that works, explore our specials, and take a test drive today!
