Auto Finance Center in Greensboro, NC

At Greensboro Auto Center, We Have a Different Approach to Financing

The Greensboro Auto Center Finance Department Answers Your Frequently Asked Questions

Auto financing can be a confusing process, especially if you have bad credit or no credit.  We know that many of our Asheboro, NC customers with bad credit have lots of questions.  Greensboro Auto Center, located at 3800 Burlington Road in Greensboro, NC, has compiled some of the most frequently asked questions by customers, like the ones we have in High Point, NC, that we get about auto financing and have answered them for you.

Can I Get Approved with Bad Credit?

Although it's not ideal, bad credit is not necessarily a dead end for Winston Salem, NC customers who are seeking car financing.  Your credit score is one factor that the credit unions and banking institutions we work with consider when looking at your credit application.  They will also look at the amount of money you are putting down, the type of vehicle you are purchasing, your income, and your overall debt.  A cosigner with good credit can also help boost your chances.

Can I Get Approved with No Credit?

Burlington, NC customers with no credit who want to purchase a car may think that they don't have any options when it comes to auto financing.  That is not the case.  There are other factors that our lending partners consider when determining your eligibility for a car loan, like the cost of the vehicle and the amount of money you are putting down.  If you have access to a cosigner with a good credit history, that can also help.

Do You Run a Credit Check?

Yes.  In order to determine your eligibility, our lending partners will need to pull your credit report. We do have the ability to do a "soft pull", though, which will not impact your credit. The soft pull will only give us a brief snapshot of your credit to see where we may start from. Once there is an agreement to move forward, we will then pull your full credit history, after you have provided authorization to do so.


What Will My Payments be if I Have Bad or No Credit?

Your monthly payment will be determined by the loan term you are approved for, the amount of money you are financing, and the interest rate you receive. The loan payment will vary based on an individual's full financial situation; however, at Greensboro Auto Center, we pride ourselves on getting you a monthly payment that fits your budget.

How Much Money Down Do I Need?

A good rule of thumb about a down payment is to put as much money down as you reasonably can, especially if you have bad or no credit.  It will help strengthen your application and reduce your monthly payment.

What Do I Need to Bring with Me to Purchase a Vehicle?

When you come to the dealership, you should bring copies of some recent pay-stubs, your driver's license, a copy of a utility bill showing your address, three references, and proof of insurance.

Your privacy is important to us.

Greensboro Auto Center takes your privacy seriously and does not rent or sell your personal information to third parties without your consent. Read our privacy policy.