The second chance auto credit allows you to buy or lease your next vehicle. Indeed, despite the fact that some credit issues are not always your fault, at Rive-Sud Chrysler Dodge Jeep Ram, we can help. Learn more about second chance auto financing.
What is Second Chance Auto Credit?
Second chance auto credit is a form of financing specifically designed for people who do not have a good credit history.
You are looking for a vehicle, but you know that your credit score has been negatively impacted in the past. At the South Shore dealership near Montreal, we know this type of situation, and that’s why we offer alternative financing.
How to Know if My Auto Credit Will Be Accepted?
Equifax and TransUnion are two major institutions that compile your credit report. If you have experienced financial difficulties in the past, had late payments, or were unable to meet your financial obligations, your credit score will have been affected.
However, our on-site advisors are accustomed to such situations and can offer you alternative financing that will meet your expectations. A bad credit score does not mean a second chance car loan will be refused. On the contrary, as we work with several financial institutions, we can qualify you for an auto loan with an interest rate that won’t break the bank.
How Does the Second Chance Financing Process Work at Rive-Sud Chrysler?
The second chance credit financing experts have a personalized approach with each client. They can then better understand your needs and find a second chance credit financing solution that will allow you to purchase the vehicle you desire, while also helping you improve your credit.
A simple meeting at the dealership will help find the solution that suits you best. We accompany you at every step of the process. As our advisors are experienced, they will take the time to fill out forms for you and liaise with financial institutions. They will complete the contract, and you can then leave with the vehicle you need.
What Documents Are Needed for a Financing Application?
To meet the conditions of auto credit for bad credit and to properly prepare your file, you will need to provide the auto loan advisors with a weak credit history with three documents:
- A valid photo ID (driver's license, health insurance card, passport)
- Your recent bank statements
- Your most recent pay stubs
With these documents in hand, the advisor can prepare a proper loan application.
Why Choose Rive-Sud Chrysler for Your Second Chance Financing?
With their long track record, the auto loan experts are at the dealership. Not only do they know how to qualify you for your auto financing without a credit check, but they also understand every situation experienced by clients.
For many years, the experts at Rive-Sud Chrysler have allowed thousands of people to buy a car with bad credit. They know their job better than anyone. They demonstrate professional integrity, and every application is handled confidentially. Finally, all our experts take the time to listen to you without judgment and provide you with solutions that bring a smile back to your face.
Tips to Improve Your Credit File After Financing
An auto loan is a major obligation that should be fulfilled. You will rebuild your credit if you make your payments on time. Your credit score will gradually rise, and institutions will trust you more. The auto loan is the best way to gain points.
Also, make it a habit to create a budget by listing your expenses and income. This will help you better identify where your money is going. By following your budget, you will have better control over your financial activities.
Finally, don't spend what you won't be able to repay. Live within your means.
Conclusion
The second chance auto credit allows you to buy or lease your next vehicle. You can choose either a new or pre-owned vehicle. Come discover all the financing possibilities at Rive-Sud Chrysler Dodge Jeep Ram now.
