September 6th, 2021 by

When planning to make a big purchase like a vehicle, in most cases, this involves taking out a loan. And in order to get this loan, a variety of factors come into play, including credit. Shoppers who don’t have any credit history often have a lot of questions regarding Chevy loans, and here we aim to answer them:

Why Does Credit Matter When Seeking a Car Loan?
Before lenders decide to give out money, they want to be as sure as possible that the person getting it will pay it back. This is why the credit score of applicants is looked at closely. People with lower scores can be seen as a higher risk. This doesn’t, however, mean they won’t be able to get a loan, just that they will probably have a higher interest rate.

What About No Credit?
Because credit is used as a barometer for car loans, it can sometime be tricky when buyers don’t have any sort of credit history. At Patriot Chevy of Warminster, however, we want everybody to get the car they need, which is why we don’t just pay attention to your credit score. Even if you haven’t yet established a credit history, we are confident that we can help you get a loan.

How Complicated is the Financing Application?
We make applying for a car loan quick and easy. All you need to do is fill out our online application to get pre-approved. Once you submit it, someone from our financing department will contact you to talk about your options. We will then work on getting you a loan and finding a vehicle that fits your needs and budget.

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