What If I Don't Have Perfect Credit & Need A Car?
Car loans can be a great way to improve your credit score. They typically last for a few years, and can help to rebuild your credit by adding years of good payment history to your credit reports. But what if you credit score isn't pristine? How can you improve it and still get the vehicle you want?
That's where Nissan of Costa Mesa can help. We've assisted tons of people with marginal credit into the car of their dreams. Our finance department has numerous years of working experience to help you get approved for a loan. We also collaborate with a wide selection of lending institutions, to make sure you receive a competitive loan rate. With our expertise, lots of people looking for a car loan in Irvine have discovered success at Nissan of Costa Mesa.
Clean Up Your Credit Report Before Applying For A Loan
Your official credit score is a summary of your ability to take care of your credit payments. It's a snapshot of your precise standing at the moment of query. Your credit report, on the other hand, is a full summary of your history as a consumer and reliable debtor. Every time you run a credit check can negatively affect your credit score. Try to get a copy of your credit report and bring it to the dealer when you visit. Your credit score can go from 300 to 850.. A rating under 620 is classified as a “subprime score”. The minimum credit score needed for leasing most vehicles is 700, on average.
Put Money Aside for a Bigger Down Payment
Down payments are a strong factor for leasing companies when they figure out your options. Generally speaking, those with excellent credit will qualify for a no money down car lease. However, for those with less than perfect credit, the option for putting up a large down payment can significantly improve your ability to get a reasonable lease.
Prove a Consistent Income
What about weak credit when you don't have a cosigner? You should show proof of your steady salary, copies of pay stubs and evidence of a salary that is more than capable of taking care of your regular monthly expenses. Demonstrate that you're working to improve your weak credit score, and even include professional and or personal references if possible. Verification of prior leases you have had with exceptional payment history may also help.
Know Your Budget
Determine how much you can afford to pay per month based on your budget. Decide on a realistic amount, not something based on the vehicle you want. Be honest about what kind of car you should buy, and don't get more than you need.
The Nissan of Costa Mesa staff is always more than happy to help you find answers to any questions you have! Contact us with any questions you have.
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Why Nissan of Costa Mesa?
Nissan of Costa Mesa is your trusted dealership in Costa Mesa and the reason why our loyal customers keep coming back.
From the time you enter our showroom, you can expect to be treated like family. Visit us today and see for yourself.
Please don't hesitate to contact us if you have any questions or would like to make an appointment with one of our sales associates.
2850 Harbor Blvd
Costa Mesa, CA 92626