Which Luxury SUV of the Volvo XC Range is Right for You?

Everyone deserves to drive a nice car. You should be able to get across Culver City in something reliable and comfortable. But not everyone has the luxury of being able to afford the models they want. Sometimes their financial past can catch up to them. Driving your own car gives you a feeling of independence that the public transportation system of Los Angeles can not provide. That is why Culver City Volvo Cars will let you finance your car, even with a poor credit score. Let us help you get into the new car of your dreams.

How Can Your Credit Affect Your Car Loan

Your credit score is an important factor when it comes to the loan lenders are willing to provide. It shows our network of lenders how reliable you are when it comes to your spending habits. Your score will determine how much they are willing to let you borrow and at what interest rate.

How Can You Secure a Loan Despite Your Credit Score?

Just because your credit score may not be the most desirable, you can still land a good rate as you hunt for your next car. There are certain things you can do to ensure you lock in a great rate.

• Improve Your Score: There are some steps you can take to help build your credit score. One major step is to start paying down your debt. This means, before you start your hunt for a new car, pay a little extra on your credit cards to knock down some of your debt. This will require sending more than the minimum payments each month.
• Compare Your Options: After filling out a credit application at Culver City Volvo Cars, you will be provided with a number of loan offers. When you collect this data, it is up to you to find the best option for your budget. This could mean the one that offers the lowest possible payment or perhaps the best interest rate.
• Consider a Co-Signer: There is safety in numbers. Some lenders require you have a co-signer when you apply for your loan. Regardless, a co-signer is a show of good faith that you are willing to carry through with their terms, lest you put your reputation on the line with your co-signer. If you fail to live up to the terms, your co-signer is on the hook as well.
• Be Flexible with Your Choices: Naturally, we would love for every driver to climb behind the wheel of the latest Volvo models. However, this may not be realistic for everyone. If your credit looks to be an issue, maybe consider all your options. Find a model that has the features you can't live without. Don't go for the highest possible trim level or the most recent model year. Perhaps a pre-owned option would be a better fit for your budget. You may have to scale down to the compact instead of the midsize. These are all things to consider in order to get a great car within your wheelhouse that won't dig a deeper hole for you.

Just because you may have run into some bad luck or made questionable decisions in the past doesn’t mean they should haunt you forever. Culver City Volvo Cars understands your need. Let our financing experts help you through the process so you find something that works for you.