Bad Credit or Bankruptcy Doesn't Have
to Prevent Car Loan Approval

Union Auto Finance Center

Do you need a new GMC or Buick or used car? Are you concerned about getting a loan approved? Perhaps your credit score has suffered, or you've recently filed for bankruptcy. Put your worries and concerns aside. Loan approval is possible at Maxon Buick GMC near Green Brook. We will help you find a new or used car and work with you to get approved even if you have bad credit, little credit, or no credit. We may even be able to get you in a car today!

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Getting Approved for a Car with Bad Credit Isn't As Complicated As You Might Think

Most people around Woodbridge assume it's hard to get a car loan with bad credit. That's not entirely true.

Getting a car loan with bad credit doesn't have to be difficult. But you must be willing to meet a lender's requirements and do your due diligence. Lenders must follow the Truth and Lending Act, which protects borrowers against inaccurate and unfair credit practices. However, it helps with a recommended lender by others or a dealership like ours that has already vetted them. Our lenders routinely work with us to get borrowers with bad credit approved.

Credit scores range from 300 to 850. And someone with a low score may have certain conditions placed on getting a car loan approved. For example, the lender may require a higher-than-usual down payment, a co-signer, or supporting information for the bad credit. Sometimes a lender may approve a borrower for a lesser amount than preferred, which means buying a lesser-priced car. If that occurs, don't take it personally. Instead, use it as an opportunity. Remember, every lender wants to do business with borrowers to stay in business. Preparation for a lender's approval includes saving money to increase your down payment and establishing a budget for your monthly car payments.

How to Get Preapproved for a Car With Bad Credit

One of the most commonly asked questions by borrowers around Jersey City with bad credit is, can I get preapproved for a car loan? The short answer is yes. Getting preapproved for a car loan is not only possible but extremely common. However, all lenders have specific qualifications and criteria when issuing preapproval for those with bad credit. While it mostly depends on the pool of lenders at your disposal, applying online usually gets an instant response, even for someone with bad credit. Lenders will occasionally disclose upfront whether they specialize in bad credit loans, and there's no obligation for preapproval. Our New Jersey dealership works with a wide variety of lenders to provide several options for you.

How to Get a Car Loan After Filing for Bankruptcy

Filling for bankruptcy is a tough decision. Still, it's a way to start anew and become financially solvent again. Getting back on track takes making precise decisions. Lenders often work with applicants in Newark who have filed for bankruptcy. Once you receive your court-approved discharge, you may be able to finance a new or used car sooner than you realize. Generally, Chapter 7 gives you immediate release from past debts, and applying for credit is allowed following the discharge. However, Chapter 13 typically requires court approval until the process is over. Either way, there are options available to you to start fresh.

Will I Be Approved for a Car Loan with Little to No Credit?

There's only one way to find out! Imagine pulling into your driveway with a brand-new Buick Enclave, Buick Encore, or Buick Envision, or perhaps you would like to explore Newark with a brand-new GMC Terrain. Either of those popular models is a fine choice to make a deal on and find a lender that may approve you for a car loan. And our used car inventory is well-stocked with brands popular around Union. Take your financial power back and allow us to help you drive away with a new ride and a new start. Visit Maxon Buick GMC for a test drive or more information from our auto finance team.

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  1. Maxon Buick GMC

    2301 RT 22 West
    Union, NJ 07083

    • Sales: (908) 768-2036
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  • Contact our Sales Department at: (908) 768-2036
  • Monday9:00 am - 8:00 pm
  • Tuesday9:00 am - 8:00 pm
  • Wednesday9:00 am - 8:00 pm
  • Thursday9:00 am - 8:00 pm
  • Friday9:00 am - 8:00 pm
  • Saturday9:00 am - 8:00 pm
  • SundayClosed