If you are car shopping near Decatur, Alabama but have less than perfect credit, then you are likely searching for a new and used car dealer that offers bad credit financing options. Here at University Nissan of Florence, we are proud to offer sub-prime auto loans for local used car buyers from nearby Athens, AL and beyond.
Our in-house finance department in Florence, AL employs auto loan professionals who believe in second-chance financing. We are committed to assisting used car buyers with securing loans, so don't hesitate to contact us about our financing solutions. Learn more about our alternative financing packages below, then apply for loans here on our website.
Here at University Nissan of Florence, our finance staff fields many questions regarding bad credit car loans, so let us address some common concerns drivers have about financing with poor credit.
When determining your eligibility for sub-prime financing, our finance team takes into account many factors, including the following provided during your application process:
To initiate the bad credit financing process, we invite you to first apply for auto loans using our secure online finance application. Our auto loan specialists will next run a credit check, which will help us understand your unique financial standing and credit rating, so we are better suited to seek out financing options that fit your situation.
During a credit check, our finance team will discover if you have had any foreclosures, bankruptcies or repossessions, and can learn more about your needs for sub-prime financing. Help ensure that there are no surprises during your financing process by obtaining a recent copy of your credit report, making sure there are no errors that could affect your chances for approval.
Auto lenders like the finance staff at University Nissan of Florence will consider the amount of your desired loan package, also weighing your ability to pay back the loan over time. Your debt-to-income ratio is calculated and will help determine your ease of staying up-to-date on monthly car loan payments.
If you are shopping for a new Nissan here at University Nissan of Florence, then you will likely find "friendlier" financing terms, since newer cars typically offer more favorable loan rates. If you are shopping one of our quality used cars for sale, then let our finance team work with you to settle on credit terms that are also competitive.
A larger down payment can only help your case when seeking financing for your upcoming car purchase, so start putting money aside for that down payment today! You can also consider trading in your current car to help provide a larger down payment.
University Nissan of Florence is your bad credit car dealership near Decatur and Russellville, AL, so shop for your next pre-owned vehicle and contact us about sub-prime auto loans today!