Are You Eligible For A Car Loan With Bad Credit?

Finances should never keep you out of a reliable ride. Here at Nissan of Orangeburg, our team can help you get approved – no matter your credit score! Let our Nissan Finance Department put our expertise to work for you, focused on securing the most competitive interest rate on your auto loan.

Whether you’re interested in a lease or loan, our finance specialists are standing by to help you get started. Here’s what you need to know:

What Impacts Your Credit Score?

To make it simply, there are two main factors that impact your average credit score:

  • Payment history (35% of your score): Indicates whether you are a good candidate for a loan, determining if you can be trusted to make on-time payments. Late or missed payments can drastically lower your credit score.
  • Credit use (30% of your score): Refers to the portion of available credit you are already using. If you have maxed out your credit cards or are currently paying off a large loan, lenders may be hesitant to work with you.

Our finance experts may recommend building your credit score back up before making a purchase. This could help you qualify for the very best financing options – and set you up for success! Here’s how you can work toward a higher credit score:

  • Pay bills on time.
    Payments that are more than 30 days past due can ruin your credit score, so be sure to at least pay the minimum each month.
  • Reduce your debt.
    Do your best to keep credit card balances on the low end of the limit.
  • Do not apply for additional loans.
    Avoid applying for another loan within six months of applying for a car loan.

Have A Vehicle to Trade in?

In many cases, even borrowers lacking a good credit score are required to put some cash down on their car loan – usually at least $1,000. Trading in your current vehicle is a great way to get some money in your pocket.

Putting your trade-in equity toward a new or used vehicle lowers your loan amount. And this will help you get approved! Plus, you won’t have to pay as much interest over time!

Ready to trade in and trade up? Get an estimate for your vehicle online from Kelley Blue Book, NerdWallet or Edmunds. Or click here for a quick estimate from CARFAX! You can also stop by Nissan of Orangeburg, conveniently located near Columbia, SC, for an appraisal.

Don't Hesitate to Ask Our Nissan Finance Team For Help!

As your trusted Nissan dealership of Orangeburg, we are proud to offer a variety of finance options to customers throughout the region. Our team will do all it can to get you approved, so you can leave the lot in a great vehicle and a monthly payment you feel good about!

To get started, just fill out this finance application and let us handle the rest. We’ll also need a few key details about your finances, like your credit history and available resources. Once we have that, we will consult our network of lenders and banks to secure the best interest rate. If you wish to check your consumer credit score or FICO score, you can request a report from a credit bureau like Equifax, Experian and TransUnion.

Come see us today to shop our wide selection of new and certified pre-owned Nissans! We’re conveniently located near Columbia – and just a short drive from Lexington, Cayce and Gaston! Hurry in to Nissan of Orangeburg today!

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Stay Up to Date When You Lease a New Nissan Model

Are you looking to get behind the wheel of a brand new Nissan model like a Nissan Rogue? Would you like to be able to drive a new car every few years? Consider leasing!

Buying vs. Leasing

When you buy a new car, it's yours.

When you lease a new car, you borrow it for a few years and then bring it back.

You also get to enjoy other leasing benefits like:

  • Up-to-date technology and safety features
  • Maintenance and service warranty coverage
  • Lower initial and monthly payments compared to financing

You can continue the cycle of driving a new vehicle every few years or, if you fall madly in love with a car, you can buy it when the lease is up. It's entirely your call.

Would you like to learn more about leasing? Stop by our dealership in Orangeburg, SC to speak with an auto finance expert today!

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