Problems with Your Credit Rating? You Could Still Buy a Car

In the United States, nearly two-thirds of the population currently have a credit rating less than ‘Good’. That means that if you know you don’t have the greatest credit, you’re certainly not alone. And like a majority of Americans, you need to commute to your job or to school on a daily basis. But your credit issues would prevent you from buying a car…wouldn’t they?

Buying a Car with Less than Perfect Credit Rating

That’s not necessarily the case. Although you might not have fantastic credit – or far from it in some cases – you could still qualify to finance a car. You might even qualify for a new car, like the Acura ILX or Acura RDX.


Lenders across the continent understand. They know that good people can have financial issues sometimes. It could be a medical problem that brought it on, preventing you from working and paying your bills on time. It might’ve been from a broken relationship with a messy split. Or, it could’ve been from a bad decision – we all make those from time to time. And because lenders understand that you credit rating is about the past and not the future, you can still qualify for a car loan. Your interest rate might be higher than posted rates. In most cases, it requires a bit more effort on your part, but it’s achievable.

What You’ll Need

First, you’ll need to show that you’re on the right path. Strive to have all your current payments caught up, even if you’ve been late in the past. It helps quite a bit to have a down payment. The higher your down payment, the less risk the lender needs to take on. You’ll need steady income with proof. Pay stubs and proof of regular employment are something that a lender will certainly want to see.   As you can tell, it doesn’t take much to qualify for a car loan, no matter how your credit rating looks. And at Jay Wolfe Acura, we have the right new and pre-owned vehicles to get you driving. See us online or in person today to see how we can help.