Understanding Second Chance Credit

Many consumers hear the term second chance credit and they immediately balk. It’s understandable given that specialized financing doesn’t have the best reputation. It’s unfortunate because for many people, second and third chance credit financing is a viable option that will not only make sure they get the vehicle they need, but also improve their credit over time.

Second chance credit financing is like it sounds. It offers buyers who have had trouble with traditional financing in the past get another shot at getting financing for their vehicle purchase. Regardless of your credit history, you can get the financing you need to purchase the vehicle you need to bring the kids to school, go to the store or get to work.

It’s no secret that second chance financing often comes with higher interest rates. However, when you work with a team that specializes in second chance credit like the team here at Need A Car Oshawa, you can enjoy lower than average rates that will make your monthly payment manageable. As you show financial institutions that you can make your monthly payments and that you are respecting the terms of the financing plan, your credit will slowly improve, and you will enjoy better financing terms down the road.

In other words, second chance financing gets your foot in the door and gets you the financing you need now. Over time, your credit will improve and we will work to get you a better loan with better rates.

Give us a call today and we will work with you based on your specific situation to get you the financing solution that fits your budget and your lifestyle.