How Can I Get Car Financing with a Bad Credit Score?

Young Family Are Signing A Contract To Buy A Car.

Interested in driving a new vehicle, but holding yourself back with the question: “How can I get car financing with a bad credit score?” At Mike Murphy Ford, our finance team is here to help! We aim to help drivers from Peoria and beyond drive a car they love, regardless of their credit history. Here, we provide some tips and tricks on best practices on how to get a car loan with bad credit, and we always offer vehicle specials  to help you even more!

 Contact Us

Finance a Car at Mike Murphy Ford

Financing a car with Mike Murphy Ford is as simple as submitting an online application. From there, our team will work with you to secure a bad credit car loan if necessary, or provide advice on how to proceed. Every step of the way, our team will work with you directly to figure out loan terms and a payment plan that works for you.

How to Get a Car with Bad Credit

If you decide to move forward with financing, make sure to get things in order beforehand so that you aren’t making a rash decision. Boost your financial savviness with the following tips.

  1. Break down your budget, determining how much you can pay each month on a car loan.
  2. Prepare a bigger down payment, if at all possible. If you currently have a car, consider trading it in to contribute to the down payment.
  3. Check your credit report before applying for a loan, cleaning it up as you can.
  4. Be realistic about the car you can afford to buy. The extra technology and luxuries are always nice, but don’t overextend yourself. You may even find excellent options within our used car inventory, including some models priced under $10,000!
  5. Ask questions if you’re confused!

Improve Your Credit Score with a Car Loan

One way to surely improve your credit score? Take out a car loan, and consistently make payments on time each month. Doing so will provide a boost to your credit profile, which in turn will ensure you have more lending power in the future. That means lower interest rates on loans and credit cards for future purchases!

Secure Auto Financing at Mike Murphy Ford!

Bad credit doesn’t exclude you from the auto financing process. In fact, it can be a good way to move forward financially! Have any questions? Get in touch with Mike Murphy Ford, and we will gladly take care of you!

More From Mike Murphy Ford

  • 2022 Ford Escape Interior

    The all-new Ford Escape has a lot to recommend it, boasting powerful capabilities in a compact frame. Hit the roads of Peoria in style and safety with features like all-wheel drive, selectable drive modes, and a strong towing capacity. One of the highlights of the new Ford Escape is its sleek interior cabin, representing the…

  • 2022 Ford Explorer Interior

    The Ford Explorer full-size SUV is back for 2022, and among its most impressive features is a roomy interior cabin with several different seating arrangements available. If you need to max out the passenger capacity, you can comfortably seat up to seven passengers across three rows, with every passenger getting plenty of head- and legroom….

  • 2022 Ford F-150 Lightning Specs

    As the flagship of the Ford lineup, the Ford F-150 is one of America’s most iconic and recognizable pickup trucks. Now, it’s getting a revolutionary upgrade in the form of the Ford F-150 Lightning, a fully-electric pickup that retains everything you love about the F-150 while adding a whole new range of benefits. These include…

Chat
Garage

Garage

Your garage is empty.
Save some vehicles to get started!
AudioEye
Search
Contact
Garage

Garage

Your garage is empty.
Save some vehicles to get started!
Chat
Ford Recalls
AudioEye
Mike Murphy Ford 40.615312, -89.462684.