How Does No Credit/Bad Credit Financing Work?

Couple buying a car

If you’re searching for a reliable vehicle for your daily Mesa driving needs or Tempe commute, one of your first steps should be to investigate your payment options and whether to finance with a bank vs. dealership. Financing directly with your dealership, also known as a No Credit/Bad Credit Financing program, is a great option for car-buyers with bad or no credit. That’s because your dealership is willing to work with you on a custom plan that’s affordable for you — something your bank is less likely to do.

Check out our low-mileage and used Toyota inventories, and get in touch to schedule a test drive with your favorites!

What Does No Credit/Bad Credit Financing Mean?

So, how do you No Credit/Bad Credit Financing car lots work? Because this payment option is less common than typical financing plans, many Glendale car-buyers aren’t aware of No Credit/Bad Credit Financing and its unique benefits. Essentially, No Credit/Bad Credit Financing allows your car dealership to act as your lender. Without the extra step of applying for a bank loan, your BHPH loan application and approval process can happen much faster.

Your dealership will also look at a broader picture of your financial health — not just your credit score. That’s great news for Tempe drivers with a low credit score due to past financial hardship or outstanding loans like student debt.

How Does No Credit/Bad Credit Financing Financing Work?

The No Credit/Bad Credit Financing process is a little different from typical auto financing. First, your loan application is reviewed by your dealership’s finance center. Then the team at your dealership will show you which vehicles in their inventory area are a good fit for your financial picture. That’s it! Many Phoenix drivers appreciate the simplicity of No Credit/Bad Credit Financing, especially compared to the more convoluted process of multiple bank loan applications and credit checks.

Discover Finance Options to Fit Your Budget at Rocky's Auto Credit!

Whether you’re searching for an auto loan with bad credit following repossession or bankruptcy auto financing near Phoenix, at Rocky's Auto Credit our goal is for you to drive home in a car you love that works for your budget. We’ll work with you one-on-one to ensure your financing or leasing monthly payments are affordable!

Rocky's Auto Credit 33.4062373, -111.8573523.