The only predictability about life is that it is unpredictable. Bankruptcy, divorce, recession, missed payments, bills in collection, low payment, and repossessions can all negatively affect your credit score. Once you have bad credit, a potential lender will tend to consider you a high-risk investment and decline to help you with your auto financing.
At 902 Auto Sales, we work with our clients no matter how low their credit may be or where their target price range falls. We know that bad credit car loans are easy to set up as they are similar to a regular auto loan, but with adjustments made based on your credit.
Be advised that the APR (annual percentage rate) is typically higher on a bad credit auto loan, meaning that you will have to pay higher interest rates in comparison to clients with good credit. Subprime loans also come with higher interest rates but they are another available avenue for qualifying clients in Halifax and Nova Scotia. Bad credit does not need to stop you from obtaining a new vehicle with a price tag you can afford.
902 Auto Sales in Nova Scotia wants to help you improve your credit and financing prospects. We offer our clients the option to apply for our cashback program. This service helps our clients by lending them money to assist in paying off their bills, so they can refinance their vehicle or get a new car from a higher price tier.