Bad Credit Financing

Bad Credit Financing vs. Regular Financing: What's the Difference?

Bad credit financing is not for everyone, but it could be exactly what some Swedesboro, NJ drivers need to get back on their feet. You might be wondering what the difference is between a regular auto loan and a sub-prime auto loan. Honestly, the process for accessing bad credit car loans is the same for regular car loans.

Drivers still have to enter their SSI, employment information, and housing payments to qualify for bad credit financing. The only difference between regular auto loans and sub-prime loans is how they are assessed. We know that the clients applying for bad credit financing will probably have one or more of the following items impacting their credit:

• Divorce
• Bankruptcy
• Late Payments
• Repossessions
• Foreclosures

Because we understand that sometimes outside factors can have negative impacts on your credit, we try to be understanding when processing your requests. When you apply for a bad credit car loan in Swedesboro, NJ, you're getting a second chance at credit. If you qualify for one of these loans, you can begin repairing your credit by making on-time payments.

Talk to Our Finance Department

If you have questions about financing options near Gloucester County, New Jersey, talk to our finance department. We can talk about your current budget and see where things might have gone wrong before. Our team can also help you narrow down a budget by looking at your debt-to-income (DTI) ratio and current vehicle needs. We have a large inventory of new cars for sale here at Spirit Chrysler Dodge Jeep Ram, which means there are tons of options available for new car buyers.

The Ease of Applying Online

Apply for financing through our secure online credit application. The application only takes a few moments to fill out. Once we receive your application, we will look over the information provided. We usually have pretty quick turnaround times, which makes it easy for you to secure financing and access a new vehicle in Swedesboro, New Jersey.

When processing approvals, we will take into account the value of the vehicle, your DTI ratio, and your income. It's important to note that we can never promise approvals, but we can guarantee an opportunity to apply. You can fill out an application in person, at home, or on the go, thanks to our user-friendly website. If you have any questions about our loan application or the process, feel free to reach out to our team.

In the meantime, browse our selection of cars for sale and learn more about budgeting by talking to our finance team. It takes years to build credit and just a few moments to ruin it. However, with some budgeting tips and tools, you will find that you can quickly turn things around and enjoy reliable transportation like everyone else. We all sometimes stumble –– let Spirit CDJR help you get back up with a bad credit car loan!