Do I Qualify for a Car Loan if I Have Bad Credit?

Bad Credit Loan Approval and Financial Assistance in Kenosha, WI

How much does your credit situation affect your ability to purchase or lease a new vehicle? For those with good credit, bad credit, and everything in between, today we’ll lay out your options for financing here at the Palmen Motors dealership.

Credit Application and Credit Approval

Palmen Motors makes it quick and easy to get pre-approved online. If you fill out the fields of the form here with the necessary information and submit, Palmen Motors will check your eligibility and contact you shortly after with the results of the assessment.

As is standard, all personal information provided to Palmen Motors is protected and used purely for the purpose of a business transaction.

To learn more about the logistics and details of the credit approval process, please see here.

‘Best of Kenosha’ Palmen Auto Group

So, that’s how you go about getting credit approval from the Palmen Motors dealership.

However, circling back to the original query, what are your options for securing a car loan if you have bad credit?

Bad Credit Car Loans

Bad and imperfect credit does not disqualify you from obtaining a car loan for a purchase or lease at the Palmen Motors dealership. Therefore, you can and should apply for credit approval online in the same manner as dictated above.

However, obtaining a car loan with bad credit, as opposed to good credit, does have certain challenges. The initial interest rate on a loan will be higher at the beginning of a payment plan or lease. However, steady and consistent payments open up the option of refinancing during the period of the payment plan.

To learn more and to discuss your financing options in relation to your credit score, please view our previous landing page on the topic here for more detail and contact our finance department here at Palmen Motors if you have additional questions and concerns. The Palmen Motors finance department can be reached over the phone or with a visit to our dealership located in Kenosha, Wisconsin.

Tips for Buying a Used Car

Find More Financing Options at Palmen Motors

Additional financial assistance found online here at Palmen Motors includes trade-in evaluation, our car payment calculator, and fuel savings comparisons. For more information on financial assistance offered, or regarding our online inventory selection of Chrysler, Dodge, Jeep, and Ram models, please contact us. We’d love to hear from you at any of the Palmen Automotive dealerships here in Kenosha, Wisconsin!