Coast to Coast Motors Official Blog

How To Buy A Truck With Bad Credit

By Product Expert | Posted in How does it work? on Tuesday, July 14th, 2020 at 1:06 PM
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Trucks are more popular than ever, but it can be hard to find a place to buy a truck when you have bad credit. Coast to Coast can make it easy!

Trucks are more popular than ever, but it can be a herculean task to find a place to buy a truck when you have bad credit. Many places that sell trucks base the entire financing approval process on one thing: your credit score. For those of us with bad credit, this can make it almost buy a truck. Fortunately, it is possible to buy a truck with bad credit and bad credit truck loans are available–if you know where to look. The first step is to learn about the financing process at traditional dealerships. If you cannot get the financing you need from a traditional dealership the next step is to explore non-traditional dealerships like Coast to Coast.

Can you qualify for financing at a car dealership with bad credit? 

In order to determine if you can buy a truck at a traditional dealership, you need to first understand the financing process. Traditional dealerships have relationships with various lending organizations. They often have a list of banks, credit unions, and other lenders where they send customers for financing. These dealerships and financial institutions base financing decisions almost exclusively on your credit score. If your credit score falls below a certain number then there is not much you can do to get financing at a traditional car dealership. Bad credit car loans simply are not an option if you want to purchase a truck from a traditional dealership. Traditional dealerships only consider your past when it comes to making financing decisions - no matter how good things are looking in the present.  

Can you qualify for financing at a buy here pay here dealership with bad credit? 

An alternative to the traditional car dealership and financing is the buy here pay here dealership. This type of dealership handles all financing in-house. This means that the dealership can look at your current, individual situation and make a financing decision. Your current financial situation - instead of your past - is what matters at a buy here pay here dealership. As long as you can provide three things - recent pay stub, drivers license, proof of residence (piece of mail addressed to you at your current address) - you can get started on the process of financing a truck at a buy here pay here dealership like Coast to Coast.  

There are various reasons that you may have bad credit - bankruptcy, divorce, medical debt, or other circumstances - but that does not change the fact that you need reliable transportation. It takes time to rebuild your credit which means that it is not always possible to wait until your score climbs before purchasing a truck.  Your ability to pay for the truck is dependent upon your current and future financial situation - not your past. A buy here pay here dealership can help you get financing that you can afford based on your current income. The process of getting financing from a buy here pay here dealership is quick and straightforward. You can start the process online with Coast to Coast Motors and get started looking for your next truck.