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Can I Trade in My Car if I Have Bad Credit?

Wondering if you can trade in your car even if you have bad credit. The simple answer is, yes, but it largely depends on your particular situation. Luckily, when dealing with a skilled and long-tenured dealership such as ourselves here at Davey Auto Sales, we have a great deal of experience assisting customers from a variety of financial backgrounds. Having bad credit makes it much harder to finance a vehicle at desirable rates when looking for your next model, but our team can find a solution that works for you, especially when you pay the difference between your next used vehicle and your current one, you’re more likely to be approved. Read on as we outline how our dealership can help you, and how an auto loan can help you improve your credit.

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How a Car Purchase Can Help Rebuild Your Credit

A lot goes into a credit score, from payment history to debt load to length to credit mixes, and if you have poor credit one of the best ways to get out of it is by taking on new credit. To be clear, it’s not just taking on new credit, but changing your habits as well, and utilizing a big chunk of credit from an auto loan to help build your credit score back up. This gives you a sizable chunk to pay off each month, and one in which to instill your positive values toward, slowly but surely, improving your credit. 

How Davey Auto Sales Works with Customers No Matter Your Credit

We’ve seen a lot in our years operating since 1977, happily serving a wide range of customers throughout this time, all with their own financial challenges when it comes to buying a new-to-them vehicle. We know that not every person’s situation is the same, so that’s why we don’t have set plans that we expect each and every customer to fit into. Rather, we adapt the financing plan to your current situation, with a vehicle that works for what you’re able to afford, and that you’ll comfortably be able to pay off, ensuring you’re able to enjoy the vehicle and maintain or improve your credit background.

Rear of car driving on road on sunny day

Trade In Your Vehicle at Davey Auto Sales

We know that the trade-in process can be intimidating for those who either haven’t done it before, or are nervous about how their financial situation may affect things. That’s where our dedicated team comes into play. We will walk you through the entire process every step of the way, answering any questions you may have. Our Oshawa dealership has simplified the process so everything can be done in a few hours and within the day, because we know your time is valuable to you. Contact our team, today, to get the process started, or if you just have a few questions before.

Jun 30th, 2022