5 Tips for Buying a Car if You Have Bad Credit in New Jersey

1/16/2019

You have decided to buy a car, but you have no idea where to start. Furthermore, you feel apprehensive about the whole experience because your credit is not as good as you expected. This is a reality many Americans go through every day. However, having bad credit should not be the end of the road for you. There are ways you can obtain the vehicle you want and need despite having bad credit. Apollo Auto invites you to keep reading as we provide you with five tips to buy a car with bad credit in New Jersey.

Buying a Car with Bad Credit in New Jersey

Many people may be concerned about buying a car with bad credit. The good news is many dealers are willing to sell you a car even when your credit score is less than stellar. However, there are several things you should be aware of before attempting buying a car with a low credit score. Following these five tips can make your car buying experience a better one.

Evaluate Your Credit

Evaluating where you stand concerning your credit score should be your primary objective. You can check your credit score in different ways. You can request a credit report through which you can see your credit history and your overall rating. This number is significant since almost every car dealer will consider your credit score to decide whether you qualify for a car loan and get the car you want. Knowing where your credit stands can give you a better sense of the kind of vehicle you can realistically go for.

Additionally, knowing your credit score in advance can help you make better financial decisions before purchasing your car. For instance, if you plan a year before your purchase and start making payments on time and you don’t get into significant financial obligations (credit cards, mortgage, etc.), you will likely improve your score, which can translate into a better deal in your car purchase.

Plan Your Budget

Budgeting is also a critical part of your car purchase. The first thing you should do when budgeting for a new vehicle, is calculating your monthly income and total expenses. Once you have determined how much you spend during the month is time to decide how much you can realistically spend on a new car. Keep in mind affordability does not equal any car.

For instance, if you decide to buy an expensive set of wheels because you can afford it, it doesn’t mean you will not have other expenses and obligations down the road. Budgeting also means taking into account any potential situation that may affect your finances in the future.

Choose The Right Car

Now that you have assessed your credit and have worked on budgeting, it’s time to choose a vehicle. You may wonder, which vehicle is the right one for you. Your car selection will depend heavily on your financial status. If you have bad credit and you need a car for transportation, you don’t have to waste time trying to go for the latest sports car on the market. Instead, you should select a vehicle that you can pay for and can give you the service you’d expect from any vehicle.

A viable option can be browsing through used car dealerships. Many used car dealers have high-quality vehicles you can get for less than you would otherwise pay for in other car dealerships.

Select the Right Dealer

Many dealerships can make a serious and legitimate offer. However, not every car dealer may take you seriously and will try to make an offer with sky-high interests in an effort to catch you off guard and earn a higher profit out of your purchase. Selecting the right dealership is an essential part of your car buying process since it can make or break your buying experience and can impact your finances moving forward.

Apply for Financing

Bad credit doesn’t have to be the end of the road for people who want to buy a car. Many dealers can sell you a vehicle and even offer to finance with bad credit. Make sure you ask all the questions you may have regarding the financing process to make sure you are making the best decision.

Preowned Car Dealership Serving New Jersey and Surrounding Areas

At Apollo Auto, we offer nothing but high-quality vehicles at the most competitive prices. We have a wide selection of both foreign and domestic cars. For more than two decades we have helped New Jersey residents get the car they want and need. All of our cars undergo a top-to-bottom, 360º check up to make sure you get a reliable vehicle. We also offer additional services such as oil changes and body work to make our preowned auto dealership your one-stop-shop for all your car needs. To learn more about our services and how we can help you with your next car purchase, call Apollo Auto today at (856) 347-5091 or contact us online.

360° Inspection

Our used cars undergo a top-to-bottom certification

LIKE IT? DRIVE OUT WITH IT

Our process is so simple, most customers drive their new car out the same day

3k3 Warranty

3 month, 3k mile comprehensive warranty on all used cars