How to Get An Auto-Loan, Even If You Have Bad Credit

Just because you have bad credit doesn’t mean you can’t get a car loan. To find out where you truly stand with lenders you will need to shop around. Plus, right now is a good time to start researching auto loan options. Credit is loosening up and it’s becoming easier than earlier this year.

Here are some tips from our finance department at Toyota of the Black Hills to help you find the best auto loan:

  • Don’t assume the Worst! First, be informed and pull your credit reports, all 3 of them. Equifax, Experian, Transunion. At that point even if your credit score is low, you still may have a better chance than having no credit at all. To get your free credit reports the official website is:
  • Seek out lenders who specialize in auto loans rather than lenders who are catering more to low credit clients. Sources known for auto loans can include national and local banks, your local dealership – like Toyota of the Black Hills, and well known online lenders. Another great option is a Credit Union, these tend to be the best bang for your buck!
  • Shop loan terms, not monthly payments. Look for the cheapest money – the lowest APR over the shortest period of time.

Find out more about financing a new or used vehicle visit us at:

Get Pre-Approved for an Auto Loan now:

Toyota Financial Services

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