Second Chance Financing in Tacoma, WA

At Tacoma Dodge Chrysler Jeep Ram, we work with people with all kinds of credit histories, including no credit, bad credit, and good credit. We believe everyone deserves a second chance, especially when owning a car is such a vital part of making sure you and your family are taken care of.

Find out why we’re one of the best car dealerships that work with bad credit near Spanaway with our guide. We’d love to work out a second-chance finance deal with you.

How to Finance a Car with Bad Credit

Wondering how to get a car when you have bad credit? At Tacoma Dodge Chrysler Jeep Ram, our finance team makes it as easy as possible for you to secure a bad credit car loan. Start filling out our online credit applications. Then, you’ll work directly with our finance team to figure out a payment plan that works for you.

We have relationships with over 100 banks and credit unions, and we’ll do whatever it takes to get you in the vehicle you want. Some of our lenders will accept credit scores below 500 or no score at all. Some programs look more at the person seeking a loan instead of just their credit score. Job and residence stability will play a factor in gaining approval with our lenders, too. They’re happy to help you with financing a car with bad credit.

What Steps Should I Take To Get a Car Loan with Bad Credit?

If you’re thinking about an auto loan with less-than-stellar credit, there are some things to try to get together beforehand in order to ensure you’re making the best financial decision for you right now.

• Determine how much you can afford to pay. This amount should encompass more than just how much you can afford to borrow. Think about other expenses like annual registration fees, car insurance, maintenance costs, and refueling costs.
• Make a bigger down payment if possible. If your credit isn’t great, a larger down payment will go a long way to helping lenders see you more favorably as a borrower. Plus, a larger down payment means you’ll have a smaller loan balance to pay off, leading to less interest to pay over the course of the loan.
• Try to clean up your credit report before applying for a loan. If you have a credit history, try to look over your credit report to catch any errors. You should absolutely dispute them because they could be dragging your credit score down. If you have any outstanding debts, start paying them down where possible. Even a small dent can help your credit score ahead of getting a second chance loan.
• Be honest about what kind of car you should buy.Your focus should be financing a car with an affordable payment (even if it’s not your dream car), and one that you can afford to take care of in the coming years.
• Shop around with lenders. Don’t assume that the first lender to approve you will be the only one. Apply with a handful of lenders so you can compare the rates of those who approve you. No credit car dealerships like Tacoma Dodge Chrysler Jeep Ram can point you to plenty of lenders willing to make a loan for someone with bad credit.

Go With Second-Chance Finance Near DuPont

We’re also proud to help our military service members and their families take home a great new or used vehicle. Thank you for your sacrifice, courage, and honor in service to our country! If you have any other questions, feel free to contact us or call 253-201-7849 to schedule a test drive with our team near Puyallup. We’re happy to help in any way we can!