You don't have any saved vehicles!
Look for this link on your favorites:
Once you've saved some vehicles, you can view them here at any time.
Of course! While financing a car with no credit isn’t as easy as financing one with ideal credit, the door is still open. Whether you are fresh out of school or just haven’t been building credit but need a car to commute around Minnetonka, our finance team at Cornerstone Plymouth can help you with car finances even for those who have bad credit. The good news is that no credit means a clean slate, so you can build your credit right from the start! Learn more below.
With bad or no credit, financing a car will pose some challenges that will make the process more difficult. However, if you play your cards right, you’ll soon no longer have to worry about car finances with a bad credit score. Some tips to keep in mind include:
While your credit score may not be ideal, it doesn’t mean your options are limited to one. Don’t take the first offer that you get! Be sure to ask questions and try to look for other options that may be more beneficial to you in Maple Grove.
Financing a car with bad credit will be less easy, so reassess if you need a car immediately or not. If you can wait, you should take the opportunity to pay off any outstanding debts or take the time to build up your credit. This can put you in a better position for car finances.
Remember that applying for financing can take a hit on your credit score, so be smart and apply all within 14 days to minimize the damage.
Financing a car with no credit or bad credit will likely get higher interest rates and bigger down payment. However, just as the lending institution is taking on a risk for you, you will need to show your commitment. If you can’t make your monthly payments, then you will probably be in a worse situation than before you finance a car.
A used vehicle may be more ideal in your situation as it tends to cost less than a brand new one. This is true across the cost spectrum of vehicles. At Cornerstone Plymouth, we have helped many Minneapolis drivers with bad or no credit to establish their credit score when they finance a used car, so we can help you as well!
We are one of the prominent used car dealers in Plymouth, so we have seen all sorts of financing situations and have also seen many success stories, where drivers are able to build their credit! Shop our inventory today and then apply for financing to see what we can do for you. Feel free to reach out to us with any questions about financing a used car, including insurance coverage!
2022 Model Shown A versatile and capable SUV, the 2020 Ford Escape is popular on the Minneapolis roads for a reason. With several engine options that include both traditional gas-powered engines and hybrid drivetrain systems, along with a variety of performance features, this Ford SUV is sure to enhance your daily drives. But, when it…
The 2020 Nissan Rogue is a top pick for families and adventure-seekers around Minneapolis. Filled to the brim with comfort features, technology, and open space, the 2020 Nissan Rogue interior is perfect for those going on long road trips or needing to pack the whole crew in to run errands around Maple Grove. See all the…
If you’re thinking about purchasing a Ford F-150 for your next Maple Grove vehicle, you’ll want to consider a few different factors – cost, bed size, cab options, engine, and more. However, you should also be considering the Ford F-150 curb weight as part of your buying process. What is the weight of a Ford F-150…