Tampa is an exciting bayside city. From relaxing with the family at Picnic Island Park to hitting the links at Bay Palms Golf Complex, there’s a lot of fun around town. That’s why you want to get a reliable ride to get you around. What if you have a subprime credit history, though?
At Tampa Honda, we can help you! We offer less than perfect credit car loans near Tampa, Florida, to assist you in getting your next set of wheels. We’ll explain more in this overview.
Let’s begin!
First up in our discussion, let’s discuss credit scores and what they mean. It’s important to learn your credit score before applying for an auto loan so that you know what to expect.
Your credit score is a number between 300 and 850, and the higher the number, the more reliable lenders will think you are. A subprime credit score is anything 600 and under. If you find your credit score isn’t what you hoped, you might work on rebuilding your credit. You can do this by making your payments on time.
What if you need a car to take your kids to school or make it to the office on time? You can still get one! Find subprime credit car loans near Tampa when you visit dealerships like ours.
If you decide to pursue less than perfect credit car loans near Tampa, the next step is to plan your budget. Developing a game plan before you start looking at vehicles can help you feel informed and confident in your final choice.
We recommend saving money for your down payment and keeping your loan term shorter. That way, you can stay on top of your interest and have an easier time trading in if you decide to switch out your car in the next few years.
Lenders could accept a down payment of about 5% of the vehicle’s cost. A higher down payment means you’ll be able to pay off your car faster, so we recommend saving as much as you reasonably can.
When planning a budget, make sure to consider how much you’ll have to spend on gas and maintenance, too. Considering these factors before picking out a vehicle will help you make a wise financial decision.
Finally, if you’re interested in less than perfect credit car loans near Tampa, we recommend discussing your options with a professional before making a final decision. Our finance department has a team of experts waiting to help you.
We’ve worked with many local drivers over the years, including those with subprime credit. A team member will happily sit down with you to answer any questions and discuss your loan options. We’ll review the terms to ensure you feel comfortable.
For your convenience, we also offer an online finance application. You can check it out to get pre-approved from home.
We at Tampa Honda hope this guide to less than perfect credit car loans near Tampa, FL, has helped you. Our dealership will do what it takes to assist you with your auto loan, regardless of your credit history. We want to see you leave in a reliable ride for your family.
So, are you ready to get started? Apply for financing today!