Shopping for a Vehicle with Less-Than-Perfect Credit is Possible at Thelen Mazda in Bay City, MI

You Can Finance a Vehicle with Less-Than-Perfect Credit in Michigan

Many drivers across mid-Michigan are currently struggling with less-than-perfect credit, and they might be wondering if they can get into a trustworthy vehicle in 2024. Thelen Mazda wants everyone in Bay City and surrounding communities to know that it is entirely possible to finance a quality vehicle they will enjoy driving across the Great Lakes Bay Region. As long you factor in several key pieces of information when you start your shopping experience, you will find that purchasing a vehicle in 2024 is not a scary proposition. Bad credit, slow credit or no credit? Following this advice can help you start on the path towards building or rebuilding your credit. 

What Should You Remember About Financing with Weaker Credit

Higher Average Monthly Payments & Loan Interest Rates – 

When compared to those with good credit, those looking at purchasing a vehicle with weaker credit have to contend with higher interest rates on their loans. As such, their average monthly payments will be higher than those with lower interest rates. However, there are ways you can offset this higher monthly payment issue. For example, you can put more money down at signing to reduce the amount of your monthly payments. Additionally, you can trade in your current vehicle if you have one to possibly further reduce the payments. Are you curious about what your potential monthly payments might be? Use our convenient Payment Calculator to determine an idea of your overall purchasing power. 

Consider Shopping Quality Pre-Owned Vehicles – 

While the allure of a new vehicle is enticing, you may find that the monthly payments get out of your comfortable range of affordability. This is especially true if you are financing a vehicle to try and rebuild your credit. As such, we highly recommend our great selection of quality pre-owned vehicles at Thelen Mazda. Shopping pre-owned means getting lower average monthly payments when compared to new counterparts. Our sales and finance teams will be happy to work with you to not only find a vehicle that you’ll love driving around Michigan, but they will also make sure you are getting monthly payments that you can confidently incorporate into your budget.  Making timely payments that are comfortably budgeted will help rebuild your credit.

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Tags: Bay City, Finance, Great Lakes Bay Region, Less-Than-Perfect Credit, Michigan, Mid-Michigan, Pre-Owned, Thelen Mazda, Used
Posted in 2024, Bay City, Bay City Mazda Dealer, Finance, Pre-Owned, Thelen Mazda | No Comments »