Bad Credit Auto Loans Near Greenwood and Columbus Indiana

Financing a Vehicle at Bradley Chevrolet

At Bradley Hubler Chevrolet in Franklin, Indiana, we are proud to offer customized financing options on hundreds of vehicles. With one of the most experienced finance teams in the state, we are able to secure auto loans for 99% of our customers with the lowest possible rate. We work with over 40 lenders and have great relationships with banks specializing in subprime lending. Our goal is to make the auto financing process as easy and smooth as possible for our customers. Just submit your credit application online or in-store and let our team get to work finding the right vehicle to fit your needs!

Frequently Asked Questions

Can I Get a Car Loan With Bad Credit?

While there may be extra steps to secure your loan, many people can finance a vehicle with bad credit. The special finance team here at Bradley Hubler Chevrolet has seen it all when it comes to credit scores and history- whether your credit score is 0, 400, or 800, we have options available to give you an excellent car buying experience. Not all car dealerships are able to accomodate low credit scores are credit histories involving reposession and bankruptcy. That is why you want a dealer that is experienced with subprime financing and has relationships with subprime credit lenders.

Do I Need a Down Payment to Buy a Car?

While a down payment isn't always required, having a down payment greatly improves your chances of approval and can lower your interest rate. Some banks require down payments depending on your credit history and the vehicle you are interested in, so having even a small down payment can give you more options for lenders and payment terms. Having a down payment also lowers the total amount of your loan, lowering your monthly payment. If you do not have a down payment, there are still options available, please reach out to us at (317) 736-5141.

Do I Need a Co-Signer for a Car Loan With Bad Credit?

Having a co-signer for your auto loan is not always necessary for those with poor credit, however, it is an excellent option if you have a co-signer available. Having a co-signer with a good credit history and/ or additional income makes the loan less risky for the lender, so they can typically grant better interest rates and longer payment terms. A Co-signer is most often a significant other, parent, grandparent, or close friend/ family.

Should I Use Buy Here Pay Here for Bad Credit?

Many people believe that buy-here-pay-here lots are their only option when purchasing a car with poor credit, however, dealers experienced in subprime financing can secure an auto loan with the right conditions. Buy-here-pay-here lots typically mean higher than normal interest rates and shorter loan terms. This means that choosing a reputable dealer to finance your auto loan through a lending partner, like a local bank or credit union, can give you lower monthly payments and save you money in the long run. If you are looking to re-build your credit, bank financing is typically a better option as almost all lenders will report your payment history to the major credit bureaus. Our Subprime Finance Team at Bradley Hubler Chevrolet in Franklin, IN has been working with subprime credit for decades and boasts a 99% approval rate for our customers.