Just look at the Acura lineup. With stunning designs like the Acura RDX and ILX, the performance of the MDX, and the luxury of the RLX, it’s no wonder everyone wants an Acura. There’s one important detail that prevents more people from buying Acura vehicles: bad credit. More than a third of the population in the United States has a credit rating below ‘good’. That can present a problem when borrowing money, whether for an Acura purchase or otherwise.
But bad credit doesn’t automatically exclude you from buying an Acura. You might be surprised at how easy it can be to buy from Jay Wolfe Acura, even if your credit is less than perfect.
What Does Bad Credit Mean for a Car Deal?
No question about it, buying an Acura looks different when your credit rating has taken a hit. It can mean you have to pony up with a down payment, or it can mean you have to choose a lower trim level than you might like. You may need to accept a higher interest rate, higher payments, or even a shorter loan term to get into the driver’s seat of your own Acura.
In a few rare instances, you may not be eligible for a loan through Acura Financial Services. If that’s the case, we can source auto loans through other lenders, increasing the likelihood of getting your Acura purchase completed.
Is It a Bad Idea to Buy a Car with Bad Credit?
No! In fact, it can be a helpful thing to get a car loan. It hinges on one thing: your intention to repay the loan. If you’re trying to rebuild your rating from bad credit to good, a car loan can show financial responsibility. What’s most important is that you keep your payments within a comfortable range, and always pay on time.
What Do I Need for a Car Loan?
If you have bad credit, there are a few things you’ll need to get the car loan completed. You’ll need to be current with your other payments, and you’ll need to have an income stream that’s proven to be steady. As well, a down payment is always a good idea!
If you want your next car to be an Acura but you have bad credit, let us help. At Jay Wolfe Acura, we work hard to get you into the car you want. Good credit, no credit, or bad credit – we’re at your service.