Bad Credit Auto Financing Available | Bill Kay Honda
Bill Kay Honda in Bourbonnais, IL, wants to ensure you that qualifying for a subprime auto loan is simple at our dealership. Whether you're interested in a new Accord or used Pilot from our inventory, our finance experts are here to help find the best budget for you.
If you have any questions for our finance team, don't hesitate to reach out to us by calling (815) 348-7150 or contacting us online.
Bad or No Credit? No Problem!
If the question "can I finance a car with bad/no credit?" is haunting you, then you can breathe easy at Bill Kay Honda. No matter your credit situation, our dealership in Bourbonnais, IL, can assist you. Sliding behind the wheel of a new or used Honda isn't hard with the expert knowledge of our finance specialists. If you have more questions, reach out to our finance department.
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What is a Bad Credit Score?
Your FICO credit score shows potential lenders how likely you are to repay your loan on time. FICO credit rating ranges between 300 and 850, with bad credit being anything below 669. Your credit score takes many factors into account, such as your previous history with loan repayment, credit card debt, amount owed, student loans, length of credit history, and more.
- 670 - 850: Good credit
- 580 - 669: Fair credit
- 300 - 579: Very poor credit
How to Improve Your Credit Score?
In order to improve your credit score, you’ll need to make consistent payments over time. When you pay your bills on time, pay off debt, and keep the balance on your credit cards low, you’ll see your credit score start to improve. Don’t worry if you don’t see it go up right away – this will take a little bit of time.
A good way to improve your credit score is through an auto loan. Paying your monthly car payments on time shows potential lenders that you are less of a risk to lend money to, which in turn has a positive impact on your credit score.
Start Our Finance ApplicationBad Credit FAQ
Have questions about buying a car with less than perfect credit? We’ve answered some frequently asked questions below. If you have any more questions, feel free to give us a call at (815) 348-7150 or send us a message online.
Can I Get a Car With Bad Credit?
Yes! Regardless of your credit score, our finance specialists can help you find a loan that will fit your financial needs.
What is a Subprime Credit Loan?
A subprime loan is a loan given to someone with a low credit score or a limited credit history. This loan typically comes with different interest rates and conditions than a loan to someone with a satisfactory credit rating.
What Car Qualifies For a Bad Credit Car Auto Loan?
At Bill Kay Honda, we want to get each and every customer behind the wheel of their dream Honda sedan, SUV, or truck. That’s why every Honda car qualifies for an auto loan even if you have less than ideal credit.
Apply For a Bad Credit Auto Loan
Fill out our finance application today to get pre-approved for a car! Don’t forget to look through our current lease offers and finance deals and rates to find one that will match your budget.
