Have bad credit but need a new vehicle? We can help!

By Product Expert | Posted in Credit, Tips and Tricks on Tuesday, December 19th, 2017 at 6:54 pm

How to get a car loan with bad credit in Portsmouth NH 

Shopping for a new or new-to-you car isn’t easy, and if your credit is less than perfect, it can be downright stressful. Whether you’re finally ready to purchase your dream car or you’re looking for something more budget-conscious, our team at Seacoast Mazda is here to help. Keep reading to find out how to get a car loan with bad credit in Portsmouth, NH! 

You might also be interested in: Benefits of buying a used car 

Tips for getting a car loan with bad credit 

Our financial team here at Seacoast Mazda has experience working with car shoppers in all types of credit situations, and we’re dedicated to helping you find the right vehicle to fit your budget, lifestyle, and needs. That being said, there are a few things you can do prior to applying for credit approval that may help raise your score. 

1. Avoid adding extra dings to your credit 

If you know you’re going to be shopping for a new vehicle in the coming months, it’s important to try to clean up your credit as much as possible. Try to avoid adding any additional late payments, opening new credit card accounts, or taking on extra credit obligations. 

2. Determine what you can afford to pay 

You are more likely to get approved for a car loan if you aren’t trying to overextend your means budget-wise. We recommend thorough research before applying for credit approval to determine an exact budget. Most importantly, once you set a budget, stick to it. 

3. Make a bigger down payment 

Having poor credit may limit your options for loan offers, and high-interest rates are also a factor that needs to be taken into account. If you are able to, we recommend making as large of a down payment as you can. A larger down payment will help offset interest, taxes, and fees. 


Apply for online credit approval online! 

If you have additional questions about Seacoast Mazda’s credit approval process, don’t hesitate to contact a member of our team today! We’ll fill you in on everything you need to know and answer any questions you may have. Car shoppers who prefer to apply for credit approval in person are invited to stop in and see us at our location in Portsmouth today! 

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