If you’re looking to purchase your next vehicle but are worried about your credit score, you’ve come to the right place! Here at VerHage Mitsubishi, we work with individuals with various credit backgrounds, so don’t let poor credit or even no credit at all defer you from shopping for a vehicle. Keep reading to learn more about financing a car with less than perfect credit.

Determine Your Credit Score

The first step is figuring out what your credit score is if you haven’t already. This may seem like the worst part of the process, especially if you’ve had problems obtaining financing in the past, but the finance team at VerHage Mitsubishi is here to help. If you end up checking this a few months before shopping and are in a position to improve your score or build up credit, do so! Staying up-to-date on your payments and taking care of any glaring items will be very helpful in the long-run.

Calculate Your Budget & Down Payment

Next up on the list is determining your monthly budget. This will allow you to break down all of your expenses and see how much wiggle room you have for vehicle payments. Make sure you list out all of your spending, including items for your vehicle such as maintenance and gas. Not only will writing down your expenses help you calculate your monthly budget for your vehicle, but it will also allow you to see any areas you might be able to cut back on spending.

The next step is to see how much you can spend on a down payment. The more you can pay upfront, the lower your monthly payments will be. A larger down payment can be extremely helpful in helping you secure financing with a low credit score.

Talk to the Team at VerHage Mitsubishi

Once you’ve gotten a handle on all the items above, come on in to VerHage Mitsubishi and talk to our finance specialists. The team at VerHage has many years of experience in securing financing for those with less than perfect credit, and will work tirelessly to make sure we help you get the financing options you need. Call or text us at 616-396-3589 to set up an appointment.