Tag Archives: bad credit

Get an Auto Loan, Even With Bad Credit

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For anyone struggling with bad credit, getting an auto loan can be a hassle. We here at Bayside Chrysler Jeep Dodge want to do everything we can do to help you in the process of achieving the goal of getting an auto loan even though you have poor credit. Here’s a few pieces of advice that can benefit you.

First, and foremost, is to check that credit score. There are numerous resources available to people letting them know what their score is. This is a vital number. It is the difference between you walking away with a great deal on a loan and a car and not. Know that score before coming to the dealership.

Now that you know that score, now make sure it is accurate. It is a hassle, but one that I assure you pays off in ways you never knew of. Look at anything that is negatively impacting your score and if it doesn’t belong on the list, then get it removed. Piece of wrongful reporting that is being attributed to you negatively can drag down your score and in the process drag down what you can get in an auto loan.

When it comes to keeping the score down, look to your overdue bills. Now, paying them in full is good, but as long as you can demonstrate to the bureaus that you are paying off bills and debt in regular fashion, that can lead to a positive reflection on the score. They are not just looking for if you paid off debt, but if you are dependable in paying off debt. So while you may still have overdue debt, as long as you have a plan in action, which can still help.

There is plenty of more ways you can help yourself, but these are good ones for beginning. Keep checking back for more advice.

If you need help with financing, contact us at Bayside Chrysler Jeep Dodge.  We’ll work with you to find the right possible loan to suit your situation.  We love to say yes, you’re approved!  Like us on Facebook and follow us on Twitter to see our monthly news and special offers.

First Time Car Buyer Tips

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First time car buyers is a scary thing.  Do you know what you’re supposed to do?  Most people do not, being a first time car buyer means that everything you’re seeing and doing is a learning experience.  It’s one of the reasons why few new buyers don’t have a form of back up from someone who has gone through the process.  Here is some tips on what you can do to have a better first-time buying experience for a car.

  • Set a Budget:

Know what you can afford.  Have your finances all put together and know what you will be able to pay every month on a car without having to worry should something happen.  It’s best to plan for the worst in this regard.

  • Buy or Lease:

Both buying a car and leasing a car comes with pros and cons.  Leasing means that you don’t have to put as much money up front and can pay lower amounts each month, but when that lease is done, it’s time to shop again.  Buying means that the car is yours, but it requires much more money up front and possibly higher payments.  Decide which one is right for your finances.

  • Test Drive:

No matter how sure of a car you are, you can’t be exactly sure until you step behind the wheel of it.  Let yourself drive the car to know if this is truly something that you want.  Come in with an open mind and be prepared to maybe change your mind should the car not hold up the way you envisioned it.

If you need help with purchasing a new or used vehicle, be sure to contact us at Bayside Chrysler Jeep Dodge. If you need further assistance in finding financing for a new vehicle on bad credit, contact our financing department.  We love to say yes, you’re approved!   Be sure to like Bayside on Facebook, following on Twitter, or subscribing on YouTube.

Good Credit Habits

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We talk so much about what to do when you have bad credit, we don’t spend any time on what to do once you’ve achieved good credit.  You’ve fought your way back, your credit rating is on the up.  What do you do to either maintain it?  Here is some behaviors to keep in mind to keep that credit rating good.

  • Know Your Credit Score:

Yes, even with good credit, this is still important.  Don’t risk sliding back into bad behaviors, you can keep yourself in good standing by making certain that your credit report remains clear and good of any false reporting.  Errors happen, and you should get on top of it asap so it doesn’t have a negative impact.

  • Keep the Credit Card Companies Happy:

This is a two-parter.  First up, a method of doing this is by sticking to a ratio of 30 percent of your credit allotment.  Every month, make it a habit of only using your credit card(s) till the 30 percent mark and then back off.  People who consistently go over this part tend to get the credit card companies nervous.

Second, make sure that you use your credit card.  This may seem like talking out of both sides of the mouth, but the key word in this is to use the credit card and maintain it without going over 30 percent.  Being consistent with that ratio and paying it off every month will keep the credit card companies happy.

If you need help with purchasing a new or used vehicle, be sure to contact us at Bayside Chrysler Jeep Dodge. If you need further assistance in finding financing for a new vehicle on bad credit, contact our financing department.  We love to say yes, you’re approved!   Be sure to like Bayside on Facebook, following on Twitter, or subscribing on YouTube.