Bad Credit Financing

Bad Credit Auto Financing

Have you been dreaming of driving a new Honda or late-model used car near Homestead and Kendall, FL but you have a less than perfect credit score? If so, the Finance Department at Largo Honda in Florida City, FL is here to help! To get you behind the wheel of a new Honda CR-V, Pilot, Civic, Accord or perhaps a used Honda, our finance staff will work to find you the bad credit financing you need.

Will I Qualify For Bad Credit Auto Financing or a Sub-Prime Car Loan?

To qualify for sub-prime car loans, your credit score will need to meet certain criteria, but lenders take into account other factors, too. To determine a car buyer’s eligibility for a bad credit car loan, lenders will explore the following:

Your Credit History

Have you checked your credit score lately? Once you apply for financing at Largo Honda by filling out a secure online credit application form, our auto finance staff can run a credit check to better understand your unique financial situation.

Your Ability to Pay Back a Loan

Potential lenders will also estimate your ability to pay back an additional loan, based on your previous loan payment history. The lower the risk your loan presents, the greater chance you can get financing and a more favorable loan rate. This brings us to the next factor: your down payment.

The Amount of Your Down Payment

By providing a larger down payment, you are limiting the risk of the lender. So start saving up now for a larger down payment on your new Honda or used car. Another benefit of providing a large down payment is that the monthly payments on your brand new Honda Ridgeline pickup or Odyssey minivan will be lower, too!

Contact the Finance Staff at Largo Honda Today

Complete an online finance application today, then make the short drive over to our Florida City, FL location to explore your next Honda and speak with our finance specialists about bad credit financing.