You don’t have to rely exclusively on your credit history in order to afford your dream car. To help you get on the road right away, Mike Miller Kia in Peoria, Illinois, provides a range of bad credit auto financing options. So don’t worry if you have poor credit or no credit to work with when financing a new or used car. The Mike Miller Kia auto finance team is available to discuss all the flexible payment options you can get for your next vehicle. You don’t have to rely solely on your credit history to be able to afford your dream car; give our auto finance center a call or stop by our dealership in Peoria, Illinois, right away. To help you get on the road right away, Mike Miller Kia in Peoria, Illinois, provides a range of bad credit auto financing options. So don’t worry if you have poor credit or no credit to work with when financing a new or used car. The Mike Miller Kia auto finance team is available to discuss all the flexible payment options you can get for your next vehicle. Call our auto finance center or stop by our dealership in Peoria, Illinois right away!
Learn more about your Credit Score at your Peoria, IL Dealership
|Credit Rating Factors||Negative Impact||Positive Impact|
|Little or No Credit History||X|
|On Time Debt Payments||X|
|Excessive Existing Debt||X|
|Filing for Bankruptcy||X|
|High Amount of Available Credit||X|
|Having a Long-Standing Credit Account (< 8 years)||X|
|Late or Missed Payments||X|
|Foreclosures or Repossessions||X|
Drive Away in a New Model with Bad Credit Financing from Mike Miller Kia Peoria, IL | Pekin, IL | Washington, IL
Visit the numerous Kia options at your neighborhood Kia dealership in Peoria, Illinois. No matter which Kia model you prefer—the sporty Kia Optima, the adaptability of the Kia Soul’s hatchback, or even the roomy interior of the Kia Sportage—the auto finance center at Mike Miller is here to help you drive home in your ideal vehicle. So, regardless of your credit rating, check out your options by coming to our auto finance center in Peoria, Illinois!
|Credit Score Breakdown|
|Excellent||750 & Above|
|Bad||550 & Below|
|*data pulled from creditsesame.com|
Apply for Auto Financing in Peoria, IL Today
If there is a particular Kia vehicle you have your eye on, stop by our Kia-certified auto finance center and submit an application for financing. Our Kia finance specialists are here to make the most of any circumstance, even if your credit score is less than ideal. Visit our dealership in Peoria, Illinois, or submit an online application for financing today!
|Mon – Fri||8:30am – 8:00pm|
|Saturday||8:30am – 5:00pm|
Can I get a vehicle loan with a 500 credit score?
With a credit score of 500, you can still obtain a car loan, but it will cost you. The typical rate for those with credit scores of 500 or less was 13. 97% for new-car loans and 20. In the second quarter of 2020, 67% for used-car loans, according to Experian’s State of the Automotive Finance Market report.
How hard is it to get a car with a 500 credit score?
You are considered to have a deep subprime credit score if your credit score is 500. Even though you might still be eligible for a car loan, the interest rate will probably be high. If your credit score is 500, the majority of lenders won’t approve you.
Can I get a car loan with a 300 credit score?
In general, banks need a minimum credit score of 600 before they will approve an auto loan with no down payment. However, you CAN purchase a vehicle with a score of 400 or 850.
Can I get a car loan with a credit score under 600?
A credit score of 600 won’t necessarily prevent you from obtaining an auto loan, but it will probably result in higher interest rates. Before you apply for a car loan, working to raise your credit score can give you more negotiating power and put you in the driver’s seat.