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These Car Tips Can Help You Buy a Car in Arlington

February 23, 2021  

These Car Tips Can Help You Buy a Car in Arlington

If you have a low credit score, below 600, or no credit, CarSmart is ready to help. While your credit score influences many things, such as no down payment deals and low-interest rates, it is still possible to find an excellent deal on a vehicle. We want to share some used car tips for buying with poor credit in Arlington.

Know Your Credit Score

You are considered to have bad credit if your score is below 560. Here are the general guidelines when it comes to understanding credit:

  • Excellent: 750+
  • Good: 700 – 749
  • Fair: 650 – 699
  • Poor: 600 – 649
  • Bad: under 600

Before entering into any car negotiations, you want to know your credit score so you know your bargaining power. Check your credit report carefully as there can be errors. Correcting any problems can change your score. Typically, the higher your credit rating, the lower your interest rate will be.

Choose a Car You Can Afford

It would be best if you were realistic in what you can afford to put out each month for a vehicle. You not only need to make the loan payments but cover:

  • Fuel
  • Maintenance
  • Insurance

One thing that can help is to make as large of a down payment that you can. This will lower your monthly payments. Choose a fuel-efficient car to save on gas.

Research is Important

Once you have established your budget, research vehicles within your price range, don’t pay for luxuries you don’t need. If you have a growing family, choose one that will meet that need. There are many things to consider when deciding on the right car, so plan carefully.

We hope these car tips for buying with poor credit in Arlington are helpful. Contact CarSmart at (888) 292-8115 and talk to our friendly staff. We can look over your financial situation and get you in the right car today.

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