We get it-credit challenges can make car shopping feel overwhelming.
But here at AutoStar Subaru in Silverthorne, we don't believe your credit score should keep you from driving a reliable vehicle. Whether you're exploring new Subaru models or dependable used options, our team is here to help you find and finance your new ride-even if your credit needs some work.
Because we know that your credit history is just one part of the picture. Our finance experts specialize in working with drivers from all backgrounds, and we'll take the time to understand your unique situation.
The road to better credit and a better vehicle starts here. Discover how AutoStar Subaru can help you move forward, no matter where you're starting from.
Frequently Asked Questions About Bad Credit Car Financing
If you're dealing with less-than-perfect credit and have questions about auto financing, you're in the right place. At AutoStar Subaru in Silverthorne, we work with drivers from all credit backgrounds to help make car ownership possible. Below, we've answered some of the most common questions we receive about financing with bad credit and bad credit loans.
Can I still qualify for financing with a low credit score?
Yes! Your credit score is just one of the factors lenders look at. We work with a wide network of lenders who specialize in second-chance financing and flexible loan terms. Even if your credit isn't where you want it to be, we'll do our best to help you get approved.
What kind of interest rate should I expect?
Interest rates vary based on a few factors, including your credit profile, income, loan amount, and down payment. We'll weigh these factors and walk you through everything to find the best rate available for your situation.
Is a down payment required?
While a down payment reduces your loan amount and can improve your financing terms, it is not always necessary. In some cases, you may not need a down payment at all. Whether you're making a small or large down payment or not making one at all, we'll help you find what makes the most sense for you.
How will I know what my monthly payment will be?
Monthly payments depend on a few factors, like your loan amount, interest rate, and term length. Our team will crunch the numbers for you and help you find a payment plan that works with your budget.
What kind of vehicle can I get with bad credit?
There is no one-size-fits-all answer for the type of vehicle you'll qualify for with bad credit. You may be able to qualify for a newer model than you thought!
We recommend browsing our selection of used and Certified Pre-Owned Subarus, including options under $25,000. Our auto finance center will help you find a reliable vehicle that fits your lifestyle and budget.
Can a cosigner help?
Yes! Having a cosigner with good credit can improve your chances of approval and may qualify you for better loan terms. If someone is willing to support your purchase, this can be a great way to get better terms. But it's important to keep in mind that if you default on your loan, it will impact their credit as well as yours.
Will applying affect my credit score?
Submitting a loan application can result in a small, usually temporary, dip in your credit score. Making consistent, on-time payments on your loan will help improve your credit score over time.
Car Loan Requirements: What to Bring to the Dealership
At AutoStar Subaru, we want to make the financing process as smooth and simple as possible, whether you're eyeing a new Subaru Ascent or a reliable used Legacy. When it's time to get serious about your purchase, having the right documents handy will help speed things up.
Here's what you'll need to bring to the dealership with you:
- A valid driver's license
- Proof of insurance
- Proof of your current address, like a utility bill
- Recent pay stubs or proof of income
- A few personal references (just in case!)
If you have questions about any of the documents above, our team is happy to help!
Finance Your Next Subaru with Confidence at AutoStar Subaru
Everyone hits bumps in their financial road at one point or another, whether it's from a past bankruptcy, divorce, repossession, or other challenges. At AutoStar Subaru in Silverthorne, we understand that your credit history doesn't tell the whole story. That's why we're committed to working with you, not against you.
Our finance team will walk you through the entire process, answer your questions, and help you explore available offers and incentives. From flexible financing options to current Subaru financing deals, we'll do everything we can to help you get into a reliable ride that fits your budget.
Ready to take the next step? You can start by filling out our secure online finance application or get an estimate on your current vehicle's worth with our online trade-in tool.
Already have your eye on a vehicle in our inventory? Stop by AutoStar Subaru in Silverthorne for a test drive! The team at our Subaru dealership is here to make the process easy and exciting. If you have questions before you visit, contact us today and let our team help you take the next step with confidence.
