Is it harder to get financed for a used car?

Finding a great ride at our used car dealership near you isn’t difficult. Neither is finding financing for a used car that works with your budget. Toyota Direct specializes in helping customers secure financing for used cars in Columbus, Ohio. Whether you’re in the market for a bad credit used car, or you don’t have any credit history, we’re eager to work with you. With the help of Toyota Direct, getting a loan for your next used Toyota near you will be simple. Let’s explore all there is to know about financing a used car!

Is it easier to get a used or new car with bad credit?

You’ll have an easier time obtaining financing for a used car if you have damaged credit. The pre-owned cars at our used car lot in Columbus, Ohio are less expensive than new cars. You’ll reduce the total amount that you need to borrow. Customers with bad credit are most likely to be approved for loans with payments that suit their income. 

Financing a new car can be an expensive lesson. Your brand new vehicle will start to depreciate as soon as you leave the dealership. The initial value loss that a new car experiences can add up to over 50% in the first five years. When you opt to shop at our used car dealership near you, your car won’t bleed its value as quickly. Used cars are a superior long-term investment.

What credit score is needed to buy a used car?

Many traditional dealerships require a credit score of at least 600 to finance a used car. Our used car dealership near you does things a little differently. Toyota Direct offers in-house, dealer financing at our used car lot in Columbus, Ohio. This allows our team to work with customers from all credit backgrounds. Even if your credit health is lacking, there’s no reason you can’t finance a used Toyota near you from Toyota Direct! Our financial services team helps countless customers with bad credit or no credit get into used cars in Columbus, Ohio. 

Is it better to get a loan from the bank or finance through a dealership?

For drivers with poor credit, getting an auto loan from a bank can be difficult. On the other hand, our used car dealership near you makes it simple to secure a car loan. Even if your credit isn’t perfect, financing a used car shouldn’t be intimidating. The friendly team at Toyota Direct will guide you through the loan application process. You won’t have to settle for a subpar bad credit used car, either. All of the vehicles at Toyota Direct are in exceptional condition and safe to drive. Stop by our showroom today to explore our current inventory of used cars for bad credit!

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