If you're planning to finance a new car here at Helfman Alfa Romeo of Houston, you probably have some questions. For example, many drivers ask if their credit scores affect their ability to secure Alfa Romeo financing.
As our finance experts will tell you, credit does play a role in the financing process, but your credit history doesn't necessarily prevent you from getting a loan.
Does Credit Affect Financing?
The short answer is yes—your credit history will affect your ability to get financing. When we look at your credit, we see what kind of debt you're holding and how good you've been at paying off bills and debt in the past. Someone with a high credit score and a good credit history can generally be expected to make their loan payments on time, and that makes lenders more willing to assist them.
However, not having an ideal credit history usually won't prevent you from securing financing for a new Alfa Romeo vehicle. We work with a wide range of lenders to help you find the best possible loan, so we may be able to help you find financing solutions despite having a low credit score. You may not be able to qualify for some special financing offers and you may end up with a higher APR, but securing financing is still possible.
If you do end up with a higher-interest loan, there are things you can do to lower how much interest you pay. For example, you can make a larger down payment and take out a smaller loan. You may even be able to opt for a shorter loan term, which will help your loan accumulate less total interest.
Learn More About Alfa Romeo Financing
If you have any more questions about financing or our Alfa Romeo models, we're ready to help. Visit our Houston Alfa Romeo dealership to learn more about your options and see how you can drive away in a new car!
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