Financing a New Car With Bad Credit Thank You for Choosing Covert Buick GMC West, Inc.

If you have a low credit score, you may feel as though it’s impossible to get the new car you want. Covert Buick GMC West, Inc. is here to show you that there are plenty of ways to still get a new vehicle that you’ll love even if your credit is subpar. Take a look at some of the best tips and tricks to help you get the best financing possible with bad credit. 

After looking at our helpful tips, head to our dealership from Bee Cave to find a new Buick or GMC model that’s perfect for you!

Best Ways to Get Financing With Bad Credit

Even if your credit isn’t the best, there are still plenty of things you can do to secure the best financing rates possible: 

• Set a Budget: Plan out how much you can realistically afford to borrow from a lender based on your credit score and financial situation. You’ll also want to factor in other expenses like registration fees, insurance, service costs, and fuel. 
• Make a Larger Down Payment: Making a larger down payment can show lenders that you’re more favorable as a borrower since you’ll have a smaller loan balance to pay off. This also means less interest paid over time. 
• Pay Off Any Debts: Start paying down any debts, even if they’re small. These can help raise your credit score before you apply for a loan.
• Be Realistic: Focus on finding the car you want that's within what you can comfortably afford. 
• Compare Lenders: Just because you get approved with one lender doesn’t mean you can’t shop around. We encourage you to compare rates from different lenders to see which lender can offer you the best rate.

Apply for financing online with us to see what kind of loan you can get at our dealership!

Financing or Leasing a Car Without an SSN

If you’re not from the Austin area or are a foreign worker and don’t have a Social Security number (SSN), there are still ways to finance or lease the car you want. You’ll need an Individual Taxpayer Identification Number (ITIN). Here’s how you can use your ITIN to finance or lease a car: 

• Apply for an ITIN: Visit the IRS website to apply for your ITIN. 
• Build Your Credit Score: If you don’t have an SSN, you may have a low credit score. Once you have your ITIN, you can start improving and building up your credit score, which will help you get a better loan offer. 
• Find the Right Lender: Try looking for lenders who work with drivers who have minimal credit history. 

For any other questions about financing or leasing the Buick or GMC you want, reach out to our finance center at Covert Buick GMC West, Inc.!

Finance or Lease Your New Buick or GMC in Austin

Let us help you find a new Buick or GMC that you’ll love to drive around Cedar Park — even if your credit isn’t the best. Contact us online or visit our dealership today to get started!