This is a question that many car buyers wonder but only a few ask when they are at the car dealership but it’s a question you would love to know if you are actively buying a new or used car in Dallas Texas.
The question most have before buying a car is credit
The question is this what does your credit score have to be to get a decent price on a car with a low payment car loan?
There are so many factors of this, there is no real straight forward answer because car dealerships in Dallas Texas all use different methods to get you approved for a car loan.
Now if you have bad credit, most car dealership will be financing you if you have at least a 580-credit score and $1,500 income. If you are any lower than that amount you will have to most likely visit a buy here pay here car lot or have a $500 down payment on the car you want to purchase in Dallas Texas.
Buy here pay here car lots in Dallas Texas aren’t to bad to work with but most of them do not work to improve credit scores they however, will help you purchase a used car in Dallas Texas.
If you have a 690-credit score or higher you will be on your way for more financing offers from the car dealership and may have the ability for the car dealership to put no money down payments on the car when you are there.
Yes a down payment on a car in Dallas Texas sounds nice
But if you want no down payments on the car you will eventually want to have a decent payment for the car down the road because yes, it’s nice to have a no money down option the day you buy the car but financing its three years down the road can be a different story.
So, make sure the car you have in question you have all the answers to before you drive off. Car dealers are there to make a sale and knowing your income and credit score is to your benefit.
We can help you find no down payment car dealers in Dallas Texas within 3 minutes or less if you want to see what we can do for you.