Bad Credit Car Loans Indiana | Andy Mohr Automotive

Though it may not be the first aspect of the car-buying process that pops into your head, financing is undoubtedly one of the most important. 

All Indianapolis, Plainfield, and Bloomington drivers have different finance needs. At Andy Mohr Automotive, we want to cater to them all.

Read on to learn more about the special financing options available at our many car dealerships. 

Guaranteed Credit Approval Dealer

Is your credit history a little less than stellar? Maybe you’re walking into the car dealership with a low credit score or even with no credit at all. Well, don’t assume you’ll immediately be turned away because of it.

We’ve worked with people in a wide variety of financial situations, ranging from bankruptcy and divorce to no credit. That means, you can come to us when you need help buying your next car, and we’ll be able to help you find a loan.

Our financers have many years of experience helping folks with all kinds of credit. Plus, they work with a diverse network of lenders. There’s a good chance they’ll still be able to find a financing solution that fits your personal needs.

You can get started with financing just by filling out an application with the team in one of our stores. From there, our financers will get to work for you. Learn more about our guaranteed credit approval.

Buy Here Pay Here Dealerships

One of the ways we work to make buying your next car easier is through our Buy Here Pay Here dealerships. We’re able to provide a loan for you right here at our dealership through our finance department. That means, we don’t need to work through a third-party lender, but instead, we can provide the loan directly to you.

Opting for a Buy Here Pay Here loan is a great option for drivers with less-than-ideal credit since it means we can help you directly rather than your having to go through an approval process. Just ask us about our Buy Here Pay Here offers so we can get started helping you today.

How Much Should I Offer as a Down Payment on a Bad Credit Loan?

One of the most important parts of taking out any loan is the down payment. This is the initial money you’ll provide on the loan and it’s a good way to bring down the principal amount of the loan. In most cases, a loan may require a down payment, and this is especially true if you’re dealing with a bad credit loan.

How much money you’ll need to provide as a down payment can vary, but it’s important to note that down payments are an important part of showing your willingness to pay. If a lender is looking for proof that you can pay, they’ll often look for a down payment.

The common size of a down payment when dealing with a bad credit car loan is often 10% to 20% of the car’s value. It’s typically a good idea to aim for 20% since this is a great habit to get into anytime you’re looking to buy a car.

Great Deals and Incentives 

In addition to scoring a bad credit car loan, there’s a good chance you’ll be able to get a special deal or incentive on your next car.

At all our dealerships, you’ll find a special selection of pre-owned cars that come with some excellent offers. These are perfect if you’d prefer not to take out a big loan on your next car.

Of course, we’re always running leasing incentives for our new cars. With these deals, you can usually enter into your lease with a lower monthly payment.

If you’re interested in seeing what vehicles we’re currently running a deal or incentive for, you may want to head over to our inventory page. Start browsing now to find your next car!

Who Offers Bad Credit Car Loans in Indiana?

As a driver, you may not be as well-versed in the financing end of the automotive experience, and that’s totally fine! That’s why our team is here to help you along the way.

If you need to learn more about how you can secure a bad credit car loan or some other specialized financing, you’ll definitely want to speak to a member of our team. Contact us at Andy Mohr Automotive today for more information!