Frequently Asked Questions About 2nd Chance Credit Financing

Second chance credit auto financing is not widely known, and it would be fair to say that it does not have the best reputation. However, for many consumers, 2nd chance credit financing has helped restore their credit while enjoying a quality car. If your credit isn't good, but you need a car, it's not fair to just say that second chance credit financing should be avoided. This is a generalization that is wrong for many buyers.

Here are some frequently asked questions about 2nd chance credit financing.

What Is 2nd Chance Credit Auto Financing?

Second chance credit auto financing is a purchasing solution for those who need a vehicle, but have less than average credit. For many buyers with poor credit, this is the only way to access auto financing for the purchase of a vehicle.

How Does It Work?

Second chance credit auto financing is offered through the specialists at Need A Car Oshawa. We start by making sure we understand your situation and your needs. Once we understand your situation, we contact our many financial partners to tailor a financing plan to your needs. It is these many partners that allow us to obtain the best possible financing for your situation.

Is It True That the Interest Rate Is Higher?

The interest rate on 2nd chance credit auto financing will be higher than traditional financing. That said, the Need A Car Oshawa team is still able to negotiate an advantageous rate with our financial partners. In addition, everything will be explained to you in detail and nothing is ever hidden from you. Our goal is to find you a financing plan that you can stick to in order to improve your credit and potentially lower the cost of borrowing down the road.

Come learn more about Need A Car Oshawa today!