How to Get Car Financing With Bad Credit

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What credit score is needed to finance a car in Mesa? If you’ve been turned down in the past due to poor credit history, you may worry about how your credit score affects financing a car. At Rocky's Auto Credit, we go above and beyond to ensure every driver secures a safe vehicle regardless of credit, so let’s walk through your bad credit car finance options to find the right solution for you. 

Average Credit Score to Finance a Car

In 2020, the average credit score for those who secured auto financing was 721 for a new car and 657 for a used car. The general rule of thumb is that the lower the credit score, the higher the loan interest rate; here are the different credit score health levels: 

  • Superprime: 781 to 850
  • Prime: 661 to 780
  • Non-prime: 601 to 660
  • Subprime: 501 to 600
  • Deep Subprime: 300 to 500

If your score falls below the average, not to worry! You can still secure financing near Phoenix through bad credit car financing. 

How to Get Car Financing With Bad Credit

What credit score is needed to finance a car? At Rocky's Auto Credit, we offer options for all Glendale drivers, no matter where the score falls. To simplify the process, keep these car buying tips in mind: 

  • Bring Proof: Collect all your current financial documents, including pay stubs, proof of address, cell phone bills, auto insurance documents, or statement that proves you’re able to responsibly take on a new loan.
  • Show Collateral: If you own a home near Tempe or are able to put down a substantial down payment (over the required 10%), these factors will give you extra advantage and may help lower your interest rate. 
  • Focus on Positives: Your credit score isn’t the end-all, be-all determining factor in how car financing works. For example, if you’re current on payments but your credit score shows business debt, you’re in a better position.

Buy Here Pay Here With Rocky's Auto Credit

Rocky's Auto Credit proudly offers buy here pay here car financing to open up your bad credit car financing options. Our friendly, knowledgeable finance team will work with you to find a plan that fits your needs and budget, getting you into a great car at a great price. Get started when you fill out our finance application, and contact us with any questions!

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