Have you been dreaming of driving a new Nissan or quality used car near Gainesville and Jacksonville, FL but you have poor credit? If so, apply for bad credit financing at Rountree Moore Nissan in Lake City, FL! Whether you want to drive a new Nissan Altima, Sentra, Rogue or maybe a used Nissan, our finance staff will work to get you the bad credit auto loan you need to make that happen! Keep reading to learn what the bad credit financing process here at Rountree Moore Nissan entails and how you can apply.
To qualify for sub-prime car loans or bad credit financing, lenders will take into account more than just your poor credit score. There are a number of factors that bad credit lenders may look at during your application process, including the following:
Let's take a look at these factors to better determine your eligibility for a bad credit car loan. If you are applying for such a loan, then it is safe to assume that you have poor credit or no credit. Once you apply for financing at Rountree Moore Nissan by filling out a secure online credit application, our auto finance staff can run a credit check to understand your credit history and unique financial situation better.
Potential lenders will also try to determine your ability to pay back a loan over time based on previous loan payments you have made. Of course, the larger the down payment you can provide, the better, as this will translate to less risk on the part of the lender. On top of making it easier to qualify for a bad credit car loan, a greater down payment also means that your upcoming monthly payments on your new Nissan Versa, all-electic Leaf or other Nissan model will be lower, too!
Believe it or not, the credit terms and conditions you are offered can vary based on the type of car, SUV or pickup you choose. If you are eyeing a new, newer or more expensive vehicle for your purchase, then your larger loan request will likely have differing terms than one for a low-priced used car, for instance.