A subprime auto loan is a loan made to an individual with a poor credit history or low credit score.
Anything below 619 is considered a Sub-Prime credit score. Our Credit Specialists are here to discuss your best loan options.
In-house financing means that you borrow directly from our dealership rather than a financial institution and make loan and interest payments to us. In-house financing typically leads to easier approvals, more flexible interest rates, and credit building opportunities. We also provide the option to refinance your auto loan. Our Credit Specialists can look into your payments, interest rates, etc. and restructure the loan so that it’s easy for you to maintain and pay back.
In-house financing is a great option if you do not qualify for traditional financing through a bank. In-house financing allows you to work directly with our Credit Specialists to find flexible and affordable payments within your budget.
If you have a current auto loan and are looking to get into a new vehicle, Lakewood Chevrolet offers re-financing. This means we can replace your current auto loan with new terms, to get you into a vehicle that better suits your needs. Our Credit Specialists can look into your payments, interest rates, etc. and restructure the loan so that it’s easy for you to maintain and pay back.
Our Credit Specialists work with all credit scores, including no credit. We go beyond your credit score to consider factors such as current debt, spending habits, and lending risks. We want to get you approved for an affordable auto loan that works within your budget and lifestyle.
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