Does Credit Matter When Applying For Car Financing

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MINI of Peabody

209 Andover Street
Directions Peabody, MA 01960

  • Sales: 978-573-5598
  • Service: (855) 351-4471
  • Parts: (855) 351-4471

Buying a new car should be an exciting experience. At MINI of Peabody in Massachusetts, the vehicles we offer the Greater Boston area are engaging, stylish, and just plain fun cars. We don't believe the process of taking home a new MINI car near Marblehead, MA, should be stressful. Our finance department has the knowledge and resources to help just about anyone take home a new MINI vehicle.


Does Credit Matter?

Whether you're choosing a new MINI Countryman or opting for a pre-owned MINI Cooper S, chances are, you'll have to finance a portion of the cost of your vehicle. Financing makes a lot of people nervous, but it doesn't have to when you have a dealership you can count on by your side.

Many people experience some bumps along the road when it comes to their credit score. While it is true that a strong credit score is helpful when trying to secure a loan and will generally net you a lower monthly interest rate, that doesn't mean drivers with less than stellar or no credit are out of luck.

While you will probably end up with a higher interest rate, you can still get a car loan with poor credit. Because our MINI dealership has relationships with many area lenders near Peabody, MA, we can find you more choices. You may also consider finding a co-signer, which will increase your chances to get a loan as well as lower your interest rate. Saving for a larger down payment is also a good idea, so you will have less you need to finance.


How We Can Help

We see a diverse array of drivers every day with different credit histories, lifestyles, and needs, and our mission is to help everyone take home the MINI car of their dreams. Our relationship with lenders will open up options you wouldn't have been able to find on your own, and we will listen closely to your needs and concerns in order to find MINI financing that works for you. At our MINI dealership near Salem, our customers are people, not numbers.

Wondering, "Where can I find a MINI dealership near me?" because you're ready to get a jump on the financing process? You can get pre-approved today to help you set a budget and learn about incentives you may qualify for. Just fill out the finance application on our website to get started. Then, come visit us at 209 Andover St to speak with our finance experts!

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