Life happens. Medical bills, job changes, or simply being young without established credit can make traditional financing difficult. But in Montana, where a vehicle is a necessity, you still need reliable transportation.
Know Your Score
Check your credit score for free through your bank or Credit Karma. Scores below 580 are considered subprime, 580 to 669 is fair.
Set a Realistic Budget
With lower scores, interest rates will be higher. Focus on total cost over the loan life, not just monthly payment. Vehicle expenses should not exceed 15% to 20% of take-home pay.
Make a Down Payment
Even $1,000 to $2,000 significantly improves approval odds and can lower your rate. Trade-ins count as down payment.
Consider a Co-Signer
A co-signer with good credit can help you qualify for better rates. Both parties should understand the shared responsibility.
Buy Right, Build Credit
A car loan is one of the best ways to rebuild credit. Consistent on-time payments for 12 to 18 months can significantly improve your score.
EZ Credit Auto of Bozeman
Our Bozeman location specializes in credit-challenged buyers. We look beyond just a credit score. Get pre-qualified online with no credit impact, or call (406) 538-4014.
