Many buyers from Greene County and Walker County arrive at Townsend Nissan with many ideas about the new or used vehicle they want to purchase. But the issue for them is that they are unsure if they can even finance a car with bad credit. Fortunately, the team at Townsend Nissan includes a whole staff of in-house finance experts who are ready to walk all of our valued customers from Fayette County and Pickens County through their purchase process, regardless of their credit score. Many are elated to learn that they have options to finance a car with bad credit when they work with our talented team.
How To Finance A Car With Bad Credit
We all know we have a credit score, which is used primarily to tell lenders how creditworthy we are and whether we are likely to repay the loan. The credit score assigned to you is based on factors such as your past payment history and the amount of debt you currently have on credit cards and other loans, such as a mortgage or vehicle loan. But what most people do not understand is that even if your credit score is poor, which is near or below 580, you can still finance a car loan. The only variation in these cases is that you are typically working with a subprime lender who specializes in borrowers who are at a greater risk of defaulting on the loan.
What Is A Subprime Loan?
If you have bad credit and need a car loan, it is essential for you to understand that the terms of your subprime loan will be different from those offered to a person with a higher credit score. Typically, a subprime loan has a significantly higher interest rate to offset the added risk taken by the lender. In addition, many high-risk lenders charge substantial fees to process subprime loans. This allows them to recover some money immediately to offset the potential for late or missed payments or a complete default.
Is A Subprime Loan A Good Idea For Your Vehicle Purchase At Townsend Nissan Near Walker County?
If you need reliable transportation, it is a good idea to buy a quality vehicle at Townsend Nissan. While you will be paying a high interest rate, it will get you safe transportation to allow you to get to work, earn a living, and go on with your life. In addition, with each payment you make on time, you will be building a better payment history and increasing your credit score to help you get a better interest rate the next time you buy a car at Townsend Nissan. You might also find that after a year or so, your credit score has increased enough that you can refinance your current car loan at a better interest rate to help you save money each month. Please reach out to the finance staff at Townsend Nissan to learn more about how to buy a car with bad credit.
Why Buy At Townsend Nissan In Tuscaloosa County
In addition to a wide selection of new Nissan models and many exceptional used vehicles, some priced under $15,000, our sales team is very helpful and understands when a customer is shopping within a limited budget or has faced credit issues in the past. The simple fact is that many good people in Bibb County and Tuscaloosa County, just like yourself, face monetary struggles beyond their control. A significant illness, loss of a job, or other issues cause you to suffer financially. At Townsend Nissan, we see our job as an opportunity to help you get the dependable, safe transportation you need while also helping you rebuild your credit. Please reach out to our sales staff, stop by for a few test drives, or contact our finance staff to learn more about your options for financing a car with bad credit and complete your purchase at Townsend Nissan.














Finely Appointed Interior 