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Do You Have Poor Credit? Use These Helpful Used Car Buying Tips When Shopping In College Park

September 1, 2020  

Do You Have Poor Credit? Use These Helpful Used Car Buying Tips When Shopping In College ParkIf you need helpful tips for buying a used car with poor credit in College Park, it is crucial that you always research and learn all about what poor credit means. When it comes to buying a vehicle, having poor credit never means that you cannot shop. There are plenty of great lending options out there that will help you to get behind the wheel.

Even if it has been some time since you shopped for a vehicle, you can find incredible options within your price range. To start with, you can determine a budget that works best for your current financial status. From there, you will be able to find a broad selection of cars, trucks, SUVs, or minivans that fit in with your price range.

  1. Check Your Credit Score – Your credit score, or FICO score, brings together from the three major credit bureaus. The information lets lending institutions know what your credit risk is, with the most weight given to your overall payment history. In some instances, you could have false details or out-of-date items on your credit report that you could see about removing before applying for a car loan.
  2. Go With What You Can Afford – All too often, shoppers will look for vehicles that are well outside of their price range. You need to be sure to factor in more than the monthly car payment and remember that you will also have expenses such as insurance coverage, maintenance, and fuel costs. An excellent tip to follow is trying only to spend around 10 to 20% of your regular monthly budget for your automotive expenses.
  3. Shop Around – Even if you fall in love with the first used car that you find on our lot at CarSmart, we want you to know that shopping around will produce the best results. Talk with our friendly, knowledgeable sales team about the features or body style that you are interested in and we can set you up with several models to take out for a test drive!

CarSmart is happy to help with used car buying tips in College Park if you have bad credit. Call (888) 292-8115 for our latest inventory and deals!

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