It’s unfortunate, but credit plays an outsized role in many people’s lives, and this is most evident when planning to make a big purchase like a vehicle. If you’re looking to buy a car and your credit score is on the low side, you may be worried about securing an auto loan. At Keyes Hyundai, we have helped many people with bad or no credit get a loan, and we can do the same for you. Let’s look closer at the benefits.
Opening up Opportunities
One of the most significant hidden downsides to bad credit is opportunity cost. Not having your own car means relying on public transportation or rides from friends or family members, restricting where you can go and when. A vehicle can grant access to better jobs, schools, and healthcare that might otherwise have been out of reach.
Avoiding Predatory Loans
Chances are good that you know about – or perhaps have even used – payday loans. While these give you quick money, they generally have to be paid back fast, and the interest can be extremely high. With a reputable auto loan, you will get fair terms that are flexible and a lot more manageable.
Improving Your Credit
Even if your credit isn’t great right now, a loan can help fix that. Creating a payment plan and making those payments on time can cause your credit score to rise. This will help you in the future when planning to buy another vehicle or other item that requires financing.
Start the Hyundai Financing Process
If you’re ready to seek a loan for a vehicle, get in touch with Keyes Hyundai in Van Nuys, CA. We’ll go over your options and make the process quick and straightforward. You can also fill out our online application to get pre-approved.
