Not everyone has A-1 credit, and it can affect where you live, work, and play. Faulty credit can also affect your purchasing power. There’s a lot of good information if you can make it past the chatter. #1. Run your credit report at least three months before you decide to buy a vehicle. Just keep in mind that if there are negatives on your report, they won’t disappear overnight. It takes time to set things straight. #2. Conduct excellent research.
Ask around and talk to people about car dealers that are willing to work with bad credit. And you shouldn’t have to pay an arm and a leg for the loan, if you get one. High interest rates take money out of people’s pockets that they don’t have. Check your local Better Business Bureau, or even your local chamber of commerce.
Good news travels fast—and so does bad news. #3. Choose the dealership and let them ahead of time what your credit rating happens to be. There’s no use running your credit, for an extra ding, if the dealership is going to sweat you on the purchase.