Will Buying a Pre-Owned Vehicle Impact Your Credit?

As a pre-owned Chevrolet dealer, you’re welcome to visit our Chevy dealership if you’re in the market for a previously owned vehicle. We offer great-looking pre-owned models manufactured by some of the most trusted brands in the automotive industry. If you’re going to finance a pre-owned car, you should know that doing so WILL have an impact on your credit.

How Will Financing a Previously Owned Car Affect Your Credit Score?

Drivers looking for used cars in San Diego, CA won’t have to search beyond our location to find a make and model that will suit their tastes. Similarly, you won’t have to go anywhere else to secure an auto loan for the previously owned vehicle you want to buy.

Taking out any car loan will have an effect on your credit score. The type of impact your loan will have, however, is entirely up to you. An auto loan can have a positive effect on your credit if you make your payments on time and pay off your loan within the timeframe allotted in your contract.

The loan can negatively affect your credit if you miss one or more payments, you make your payments 30 days or more after they’re due, or you default on your loan.

The experts in our Chevrolet finance center will tell you – if you can’t afford your auto loan, it can wreak havoc on your credit score. If you end up diverting funds to make your monthly loan payments, you may end up failing to pay other bills in full or when they’re due, which can cause your credit score to drop.

Can I Buy a Pre-Owned Automobile with Poor or No Credit?

Being a dedicated Chevy dealer serving National City, CA and the surrounding communities, we believe everyone should be able to purchase a pre-owned vehicle regardless of their credit score. That’s why we offer credit assistance and bankruptcy approval programs that enable people with no or poor credit to qualify for auto loans with the most affordable terms currently available – and you can apply for a car loan online now!

Don’t let a less-than-stellar credit score or a blemish on your credit report stop you from purchasing the vehicle you want. Head over to Kearny Mesa Chevrolet to speak with our finance experts. We look forward to helping you secure an auto loan that has the potential to improve your credit score soon.