Tag Archives: Bayside Chrysler Jeep Dodge

Beat Bad Credit By Planning Ahead

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Are you in the market for a new or used vehicle?  Do you have bad credit?  Don’t think you’re that alone.  You would be surprised by just how many individuals out there are looking for a new or used car and also have bad credit.  Just because you have bad credit doesn’t mean that it’s all over for you however, a mindset that seemingly too many have.  Here is some advice on how to handle car shopping when you have bad credit.

Rule number one is always understand your credit.  This means knowing your credit score.  Before shopping, no matter what you think your credit score is, know it.  Do you think you have bad credit or do you know you have bad credit.  It is important to understand this difference and to know which one you really have.  Knowing that makes all the difference in how you begin to plan the shopping process.

An advantage of knowing your credit score is going in shopping prepared.  You can evaluate your finances and see how much you’re able to afford for a down payment to see if you can increase your chances of getting an auto loan approved.  That down payment can also go a long away in helping you get a better interest rate as well.  It may be a larger sum of money up front, but that can help in the long term much more than taking a longer rate.

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.

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The Importance Of Your Credit Score in Getting an Auto Loan

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You have bad credit and you need a car.  You would be surprised at how common this situation is.  So what is it you need to do in order to get that auto loan?

First off is knowing your credit score.  This is the important number that will help you truly understand what you will be up against.  It’ll also answer the question if you truly have bad credit.  For all you know, the idea of you having bad credit may just be a misbelief.  Your number may not be as low as you think.  This is why it is important to know your credit score.

Once you have that score, know where you fall on the credit risk scale.  Edmunds.com shows that if your score is between 601 and 660, that puts you in the Nonprime category.  If your score is between 501 and 600, that is subprime and anything below 500 is deep subprime.  Again, you would be surprised by how many people borrow at the subprime and deep subprime level.  Edmunds estimates that this is 32 percent of used car loans and 10 percent of new-car loans.

Now that you know where you are located in your credit score, now is the time to plan.  Put together your budget and know what you can afford monthly.  The lower on the subprime scale you find yourself, the more you’re likely to pay over a longer period.  If that is the case, then it is also time to start thinking about a downpayment.  That can help you get a loan when you’re in the subprime category.

At Bayside Chrysler Jeep Dodge, we want to help you make your dream of owning a great car a reality, and we will work with you to find the right car to fit your needs. You can get pre-approval, check out our monthly specials, and shop our online inventory by make, model, and year.  You can also get our latest deals and news by following Bayside on Twitter and Facebook and subscribing to our YouTube channel!

How to Prepare to Shop for a New or Used Car

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Car buying is incredibly intimidating.  There is a lot of unknown factors at play about what one should or shouldn’t know or have done before setting foot inside of a dealership.  Here is some advice that we have on what someone should do before they come into purchase a vehicle.

  • Know your credit score:

It is important to know what that number is, because that number is the determinate of many things.  You need to know if that score is low or not, don’t just guess about it.  This is also a good time to go through that credit report to find out if there is any misreporting that you can take action in correcting.  By getting this information removed, you may be able to get your credit score up at a vital moment before buying.

  • Have a Down Payment Ready:

Being able to put money down is going to benefit you.  If you have the money to put down, it increases your chances of approval and may get you a better interest rate.

  • Know your options:

Research the dealership and know the price range of the vehicle type you are looking for.  Many, like Bayside Chrysler Jeep Dodge, have websites that let you browse their new and used selection.  As long as you have an idea of what kind of vehicle you need, you can see the price range of options.  Bear in mind that while you might have the perfect vehicle picked out online, it may be different once you see it and take it for a test drive.  Have an idea of what you want, but be ready to change it.

At Bayside Chrysler Jeep Dodge, we want to help you make your dream of owning a great car a reality, and we will work with you to find the right car to fit your needs. You can get pre-approval, check out our monthly specials, and shop our online inventory by make, model, and year. Click here to visit our website today, or stop by and visit us in person at 21219 Northern Blvd in Bayside, NY. You can also get our latest deals and news by following Bayside on Twitter and Facebook and subscribing to our YouTube channel!