If you’re in the market for a new car but are worried you won’t be approved for used car financing, fear not. At Gesswein Motors, our team will work tirelessly to find you a monthly payment plan that aligns with your budget.

We have a wide selection of quality used cars for sale and a talented team of finance experts that will walk you through the buying process. Learn about the process of financing one of our used models with poor credit today.  

How Financing Works  

When you decide to finance a used car, you will borrow money from a financial institution that covers the total cost of the vehicle. Each month, you will pay a set amount until the loan term ends and the car is paid off.

Loan terms typically last five to seven years. Within this set amount is an interest rate, which is the amount it costs to borrow the money. This rate acts as a percentage and is dependent on multiple factors including income, debts, and credit score.   

Improving Your Credit Score  

Generally, the higher your credit score is, the lower your interest rate will be. This is because low scores indicate a history of inconsistent payments and debt issues, which raises a red flag for lenders.

Before you visit our dealership to finance a new or used Dodge Durango, you can work to improve your credit to secure a better rate. Ensuring that you make all of your payments on time and paying off as much debt as possible will significantly help. Keeping balances low on credit cards and not opening new lines of credit will also be beneficial.

Also, make sure to also avoid closing your current cards and making any other significant investments near the time of your vehicle purchase.   

Our dealers and finance team are here to answer any questions you may have. We look forward to your arrival at Gesswein Motors soon!