Learn About Guaranteed Financing

    
 


Good credit, bad credit, no credit - Santa Motors works to get you approved. Santa Motors works hard to guarantee a credit approval on each vehicle purchased at our NY dealership. We have the tools to get you the best possible rates and payment options available for your auto loan.
It can be hard to find a no credit needed dealership that also has reliable vehicles, expansive inventory choices, and personalized customer service. Santa Motors takes pride in getting cars and trucks for all our customers whether they have great credit or credit challenges, and doing it the right way.
Bad credit? No credit? No problem! Dealership works through low credit issues with our clients to give them the best buying experience. If you have less than perfect credit, call our Special Finance Manager to discuss options Santa Motors can offer to get you into the vehicle you want. Our NY car dealership helps those with bad credit car buyers.

Learn About Guaranteed Financing

FAQ Bad Credit Car Loans

Can you get a car loan with low credit score?
Yes, although financial institutions like Banks may not give you a car loan on bad credit, dealerships might, depending on their commitment to selling cars to everyone regardless of their financial past. At Santa Motors, we might be your best bet to get a loan for the car you need in New York.
What is the lowest credit score to buy a car?
The Experian Report at the end of September 2019 showed that the average credit score for a new car loan was 715, and 662 for a used car loan. B ut almost 5% of used car loans went to those with credit scores below 500. There doesn't seem to be an actual point where you can't get a car loan due to bad credit, but you will find fewer dealerships who want to offer loans to people who rank under 600. 
Will getting a car loan help my credit?
There are certain changes that are likely to happen, but the long term benefit or loss will be up to whether or not you pay on time and don't miss a payment. If you are worried about the effect of the credit inquiry on your score, Experian reports that while each inquiry will show up on your credit history, it's understood that you are only looking to buy one car, and they will all be viewed as one inquiry. So if you apply for a car loan once, you might as well do any other car loan applications you want to try, as they will not add up.