Bad credit is a term that is has many different meanings and one thing that it doesn’t mean is that everything is over. Having the label of ‘bad’ attached to you doesn’t mean that you might as well stay at home rather than try to get an auto loan. Like I said earlier, just because you have ‘bad’ credit doesn’t mean that you have credit that will keep you from getting a good loan. Bad means many things and here is some advice on how to get an auto loan even with bad credit.

First tip is not to trust the people who tell you that your credit is bad. Find out your score for yourself. Get a hold of your credit score with Experian, Equifax, and TransUnion to see your credit score and to see how bad it really is. Keep in mind that there are a lot of variables that change the ability to get credit. Even bad credit with a long history can still work compared to someone with good credit and no credit history.

Another tip is that when you’re finally ready to go in for a loan, it’s better to take a longer look at the terms of the loan and not the monthly payments. Sure it would be nice to pay a lesser amount, but sometimes it’s a much more financially beneficial boon to get a vehicle paid off as early as possible. Plus, a loan is better overall if it requires more money each month but has the lowest APR.

The last tip for this piece is to have a cosigner available. The best choice is someone close, such as a relative. Be careful with this one though as cosigner on a vehicle is a sign of trust and one that you need to be careful about.

If you have any more question about find the right auto loan for your lifestyle, contact a sales rep at Bayside Chrysler Jeep Dodge and we’ll work with you. We have a wide variety of new and used vehicles to choose from. Be sure to like us on Facebook and to follow us on Twitter to see more tips and advice on auto loans.