How to Finance with Bad Credit

Happy driver in his newly purchased car

At Bob Swope Ford, we are often asked about bad credit car loans, and if it’s possible to finance a car if you have bad credit. The answer is: yes! You can rely on our Bob Swope Ford finance team to help you figure out how to get a car with bad credit in the Bardstown area. Learn more about how to get bad credit car loans here, and then get a great deal by taking advantage of one of our new vehicle specialsin Elizabethtown.



How to Get a Car Loan with Bad Credit: Where to Start

Getting bad credit car loans is easy with Bob Swope Ford, as our finance team makes it a simple process in order to secure a bad credit car loan. The first thing you need to do is apply for financing online so you can get pre-approved. After that you will work directly with our finance experts to figure out a payment plan that works for you in Shepherdsville.

How to Get a Car with Bad Credit: Step by Step

In order to determine whether the next big financial step you are taking is the right one, the team at Bob Swope Ford has some tips and steps you should consider as you move along in the process of securing a bad credit car loan.

  • Determine how much you can afford to pay. This isn’t just the amount you can afford to borrow, but also other expenses like annual registration fees, car insurance, maintenance costs, and gas costs. 
  • Make a bigger down payment if possible. If your credit isn’t the best, it can help if you put a larger down payment as this will help lenders to see you more favorably as a borrower. This also helps you by giving you a smaller loan balance to pay off, and leading to less interest paid overall. 
  • Try to clean up your credit report before applying for a loan. If you see any errors in your credit report, you should absolutely dispute them because they could be dragging your credit score down. Any outstanding debts should start being paid down where possible. Even making a small dent in your debts can boost your credit score. 
  • Be honest about what kind of car you should buy. Your aim should be to finance a car with an affordable payment, and one that you can afford to take care of in the coming years. 
  • Shop around with lenders. If you are approved by one lender, the chances are you’ll be approved by more. You can apply with a handful of lenders so you can compare the rates of those who approve you. 

How to Get a Car Loan with Bad Credit: Improve Your Credit Score

One of the unexpected benefits of bad credit car loans is that with consistent monthly payments you will actually be helping yourself to improve your credit profile and credit score. In the future, this will end up giving you more lending power as well as lower interest loans and credit cards.

Get a Car Loan with Bad Credit in Elizabethtown Today!

Are you interested in securing a bad credit car loan at Bob Swope Ford near Fort Knox? Do you still need help with the down payment? Value your tradewith our online tool today, and if you have any more questions about how to get a car with bad credit? Contact us online!


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1307 North Dixie Ave, Elizabethtown, KY, 42701
Bob Swope Ford 37.720722, -85.880359.