Whether you're looking for a new vehicle or just looking to understand the financing process, we're ready to help. Start by exploring the basics of vehicle financing or take a credit test run.
At Thor Motors we're committed to providing you with an exceptional customer experience.
Benefits of Financing
Financing has advantages and provides unique benefits:
- Variety of popular terms are available
- No kilometre limitations or excess wear and tear charges
- Customize your vehicle at any time the way you like
- Each payment helps build vehicle equity toward future trade-in
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New Wheels in The Midland Area With Poor Credit
If you find yourself in the position of needing new transportation, but you don’t have decent credit and are worried you won’t be approved for financing, you might be feeling pretty stressed out these days. Nobody wants to be told “no” and getting rejected due to poor credit can be embarrassing for many individuals.
Thankfully, bad credit loans do exist. In fact, they are becoming increasingly more popular among car dealerships that understand the complexiities of an individual’s financial situation.
While it may scare you or make you uncomfortable, one of the first things you should do before beginning the vehicle hunt is to pull a copy of your credit report from one of the credit bureaus. Don’t forget to ask for your credit score along with your report, as this score is primarily what dealerships will rely on to determine whether you qualify for financing.
When you receive your report, review each tradeline closely. Many people have errors on their credit reports that they don’t even know about. For the most part, the credit bureaus typically only report what your creditors repot to them, and they may have no way of knowing that something is inaccurate.
If you find inconsistencies or falsehoods on your credit report, you can initiate a dispute with the credit bureau. This dispute will launch an investigation to determine the reason behind the error.
As the bureau will have to contact the creditor to determine why you think the information being reported is incorrect, this can take some time—up to 30 days, in most cases. Once any errors are fixed, you may see an increase in your credit score.
At Thor Motors we can get you approved for your car financing. If you are in the Midland area and want to start re-establishing your credit, an auto loan is one of the best ways to get on the road to good credit. Apply today!