Whether you transport your children or you're involved in a carpool, it's essential to have a safe and reliable vehicle for back to school. Your children's safety is likely your top priority, and a newer car with up-to-date safety features and a proven reliability record will give you peace of mind when life gets more hectic. Here are a few things you can do to get into a newer vehicle today, even if you have bad credit or no credit history.
- Pay cash. Although this may not be a realistic option for everyone, if you can save up enough money to buy a used vehicle, you can avoid monthly payments, high-interest rates, and further credit issues.
- Set a monthly payment amount and stick to it. Don't stretch yourself financially to get into a new car. Determine how much you can afford to pay each month and balance that with the length of the loan.
- Find a co-signer. Perhaps, your spouse or family member may be willing to co-sign your car loan to boost your attractiveness to lenders? If that's a possibility, you may be able to get a better rate.
- Build positive credit. Pay your bills on time and begin to establish a positive credit history. It will take a little time, but it will be worth it down the road.
When you buy a vehicle at Hometown Auto, you can build your credit to benefit your financial future. We offer quality vehicles with low down payments and affordable monthly payments. We will get you the car you need at the financing terms you can afford. Visit us today in High Point or Winston-Salem to see what's new on our lots.