Bad Credit should not be a barrier to Car Financing
Bad credit, or poor credit, is not a barrier to used car financing at Car Corner in Edmonton. In fact, we also offer guaranteed credit approval on our bad credit car financing.
There are different levels of bad in bad credit. The definition of bad is usually defined by a person’s FICO or credit score. Credit Bureaus use a credit scoring system with a range of 300 to 900 points. The higher the score a person has, the more credit worthy they are for car financing.
Car financing interest rates, credit limits and terms can be affected by a person’s credit score. If a person has a high credit score, they can expect lower interest rates on financing. If a person has a lower credit score, they can expect to pay higher interest rates, as loans with higher rates are considered subprime or bad credit car financing.
For more detailed information on credit scores refer here for the credit factors that affect car financing. Depending on the current car financing market a credit score below a certain level will determine whether a person needs good or bad credit car financing.
Why Car Corner can offer Guaranteed Credit Approval on Bad Credit Car Financing
At Car Corner we have in house car financing. Most used car dealers do not have in house financing, so that is why they always make claims like 99% approval rates on financing. In house car financing means that the car dealer is using their own money and they are the actual financer or bank. It means that we make our own decisions on bad credit car financing.
Car Corner is the place to be if you have bad credit and need a new used car. With our guaranteed credit approval you already know you are approved for our bad credit car financing.
What have you got to lose?
Apply NOW for your Bad Credit Car Financing
Let us help you get into a new used car. Many people like to get pre approved so they can put their minds at ease about being approved for car financing. Give us a call or use our fast and handy credit application for bad credit car financing.