Getting a new car can be very exciting, especially if it’s your first one. You walk into various dealerships, have the salesperson do their best to find a car that you like and then, once you narrow down on a choice, you make a purchase. If you don’t have cash on-hand or in your bank account, your best financial option will be a loan.

Here’s where the whole buying process will lose steam. You’ll have to sit with the salesperson to try and figure out the best financial option. On top of that, the dealership’s financial department will take some days to assess your financial situation before giving the loan. They will want to check your credit score and confirm if you are able to pay back the loan. If your credit score is low, you may not get the loan.

Now, you will have to go to another dealership, go through the whole process and hope your loan application is not refused.

Why Credit Score Matters?

Your credit score tells a dealership if you are financially responsible. A low credit score will tell the dealership that there are chances of you not paying back the loan. This kind of assessment completely discounts for any emotional or financial trouble you may be going through. Unfortunately, that’s how the system is.

And, if you don’t get the loan, you won’t be able to buy the car.

Get the Car Loan First

What you can do to avoid this unfortunate situation is get a car loan first before you walk into a dealership store. When you walk into a dealership with your payment option secure, you don’t have to worry about getting rejected.

There is no prerequisite that you have to take a car loan from the dealership. Most dealerships don’t really offer car loans, what they do is tie up with credit agencies who offer loans. So, if you get a car loan from outside, it’s okay.

Get your Car Loan from Insta Auto Loan

Insta Auto Loan offers a simple, quick and safe way to get a car loan. The whole process is online and there are various security layers to protect your data. Once you submit your loan application, Insta Auto Loan will confirm the loan the very next day.

Insta Auto Loan accepts applicants who have a low credit score, are first time borrowers or even bankrupt.
So, when you’re planning on buying a car, get your car loan first. This just makes the whole process of buying a new car much easier.