Can I Get a Car Loan with Bad Credit?

By: Sunshine Coast Drives   |   05 Apr 2021

We get it, life happens. Sometimes a single life event can turn everything upside down – including your credit. Perhaps you lost your primary source of income during the pandemic last year and haven’t been able to recover. Or maybe it’s as simple as a pesky cell phone bill you forgot to pay back in college. Whatever the reason, we know just how easily a bad credit score can disrupt your life and make things like financing a new car difficult. Here at Sunshine Coast Drives, we don’t believe in letting a three-digit number define your life. Whether you’ve got good credit, bad credit, or no credit, we can always find a solution to help you finance a new vehicle, getting you back on your feet!

Stress-Free Auto Financing

If you’re in the position of having a low credit score, that certainly doesn't mean all hope is lost! At Sunshine Coast Drives, we'll set you up with a competent and accommodating personal finance professional. Our local experts will assist you through the entire process of securing a loan and financing a vehicle that’s right for you and your budget. While you might not be eligible for 0% financing or your dream car, our team will work diligently to find you the best rates available on a reliable vehicle that will get you where you need to be!

Even if you’re starting from scratch with a credit score that’s virtually non-existent, we can show you how buying a vehicle can help build your credit score. In fact, it's a great way to start! Whether you're new to the world of credit or have been sitting in the red-zone for some time, having affordable payments that you pay regularly and on time can really make a difference in improving your credit score.


What Kind of Loan Can I Get?

The answer to this question will vary from person-to-person depending on their personal financial situation, including current debts and credit score. Any score under 500 may result in higher interest rates, while 600-700 could get you approved for a slightly bigger loan. Other variables like fluctuating income can often be a deterrent to banks. Fortunately, when you work with a Sunshine Coast Drives personal financial professional, they can help you bypass this issue with high-leverage leasing that borrows credit on your behalf.

Get Approved with Sunshine Coast Drives

Our team works with individuals from all over the Gibsons and Southern BC area, all of whom have varying levels of credit. Whether you have bad credit, no credit, great credit or anything in between, our finance experts will work with you one-on-one to find you the best rates available. Isn't it time you felt empowered? Take the first steps to financial freedom by getting approved for a vehicle that works for you at Sunshine Coast Drives. Give us a call or schedule a consultation today!

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