Bad Credit

DCH Kay Honda Can Help With Poor Credit Financing

Armando Lopez
Hello,
My name is Armando Lopez, and I am the Finance Manager here at DCH Kay Honda. I’m here to make your buying experience stress-free and memorable.At DCH Kay Honda, we understand that life can throw you curveballs, but that doesn’t mean you don’t deserve to drive a safe, reliable vehicle from a great brand and a reputable dealer. Regardless of your credit situation, I’m here to help you find the car that’s right for you and your budget!

No matter where you’ve been or what you’ve tried, let me give it a shot!

You won’t be disappointed.

 

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DCH Kay Honda: Poor Credit Car Dealership

At DCH Kay Honda, we’re often asked by Red Bank drivers with less than perfect credit if they’ll still be able to get the vehicle they need. The answer is: yes! DCH Kay Honda is your local bad credit car dealer that can help you get the car you need at a price that will fit your budget. Learn more about our poor credit car dealership below, or contact our finance team if you have any questions about bad credit financing.

How Do You Finance a Car with Bad Credit?

If you have a poor credit score, you can still get the new or used Honda vehicle you need when you visit a poor credit car dealership like DCH Kay Honda. All you need to do to get started is fill out our easy online finance application from your Freehold home, then follow the instructions below to begin gathering necessary information and documents:

  • Determine how much you can afford to pay. Go over your budget to see how much you can afford to pay each month. Be sure to consider other expenses like annual registration fees, car insurance, maintenance costs, and fuel costs.
  • Make a bigger down payment if possible. A larger down payment will show lenders that you’re more favorable as a borrower – especially if you have poor credit. Plus, a larger down payment means you’ll have a smaller loan balance to pay off, leading to less interest being paid overall.
  • Try to clean up your credit report before applying for a loan. Go over your credit report to see if there are any errors and to see if there is a small loan or payment you can pay off right away, your credit score will improve. Even if you make small improvements to your credit score, it will show lenders you are a favorable borrower.
  • Be honest about what kind of car you should buy. If you need a new vehicle, you should focus on vehicles that will fit your budget and your needs – not necessarily all your desires.
  • Shop around with lenders. Don’t assume that the first lender to approve you is the one you should go with. Apply to a handful of lenders so you can compare their rates, then select the one that best fits your needs. Just make sure to close out your applications within 14 days to avoid a negative impact on your credit score.

When you’re able to secure car financing and you begin to make your payments, your credit score will slowly improve. As you continue to make your payments on time and in full, your credit profile will continue to improve and you may be able to refinance your loan at a lower rate later on.

Visit Our Bad Credit Car Dealership

Don’t let a bad credit score keep you from getting the vehicle you need from DCH Kay Honda. Visit our Eatontown showroom and meet with our staff to discuss your financing needs — we’ll also buy your car if you’re not looking for a new model. We’ll help you get a great vehicle at a great price! Contact us today and soon you’ll be driving through Tinton Falls in a new Honda model!

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DCH Kay Honda 40.291606, -74.044206.