Buying a new Chrysler or Dodge vehicle, Jeep® SUV, or RAM truck is an exciting process. But for a lot of drivers, it can also be a source of anxiety, especially when it comes to Dodge, RAM, Chrysler, and Jeep loans.
Our finance experts get a lot of questions about loans, and especially about credit. One of the most common is some variation of “do I need good credit to get a loan?”
Car Loans and Credit
The good news is that you do not need to have good credit to apply for a car loan! Our finance staff are here to help as many drivers as possible find the right loan and the right financing, and they have a lot of experience.
However, your credit score can affect the terms of your loan, so here are a few ways to prepare for your new Jeep, Chrysler, RAM, or Dodge vehicle purchase if you have concerns about your credit:
- Check your credit score. You may find that your fears are unfounded, or you might realize that a little work can move your credit score up enough to make a difference. No matter what you find, you’ll be more prepared.
- Focus on your down payment. If you’re concerned about interest rates, one of the best ways to reduce how much you’re paying overall is to put as much money down as possible to make your loan amount smaller.
- Consider a co-signer. While we’re happy to work with individuals, a co-signer with good credit can help when it comes to your loan terms.
Dodge, Chrysler, RAM, and Jeep Financing
Virginia Beach drivers who have car loan questions can find professional, expert help at Hall Chrysler Dodge Jeep RAM Virginia Beach. Call or visit to talk to one of our staff members and let us help you get into your next ride!