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707 W 51st St Tulsa, OK 74107 918-376-0438
707 W 51st St, Tulsa, OK 74107
Sales: (918) 376-0438 | Service: (918) 376-0372 | Parts: (918) 376-0372

Bad Credit Auto Financing and Sub-Prime Car Loans in Tulsa, OK

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Bad Credit

What We Can Do About Bad Credit

Regardless of how your low credit score came to be, the Finance team at Jim Glover Chevrolet On The River wants to assist you with finding an auto loan that can get you into a dependable new or used car, SUV or pickup truck while also helping to improve your poor credit score. While other car dealerships and lenders may have turned you down in the past, our Finance staff is looking out for every one of our customers. We will work tirelessly to find you a new or used car loan that can not only get you back on track financially, but that also features a manageable monthly payment for your current financial situation. If you have been putting off applying for a new or used car loan because of your poor credit history, then know that the Finance Department here encourages you to apply for auto financing today! Our Finance staff proudly serves poor credit car buyers near Broken Arrow, Owasso and Tulsa, OK.

Kinds of Bad Credit

Do you have a history of missed payments or writing bad checks? Or, perhaps your credit score was spotless until sudden financial setbacks occurred, like a foreclosure or repossession, and now you are seeking a bad credit car loan. Here at the Finance Department of Jim Glover Chevrolet On The River, we deal with all kinds of bad credit situations, so whatever the case with your credit history, we want to help! Did you know that it is common for recent divorcees to see a significant hit to their credit scores? Sometimes unforeseen circumstances can quickly take a toll on your credit, but that is why Jim Glover Chevrolet On The River's Finance team is here! We have even helped car buyers who have been through bankruptcy locate auto loans that fit into their monthly budgets, so if you have experienced such financial setbacks in your life, let a bad credit or sub-prime auto loan from Jim Glover Chevrolet On The River get you back on financial track!

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Bankruptcy

Going through bankruptcy is a stressful life experience for anyone who faces it, and unfortunately, it can also do serious damage to one's credit score. If you are a driver near Broken Arrow, Owasso and Tulsa, Oklahoma who has recently filed for bankruptcy and needs an auto loan, the Finance Department at Jim Glover Chevrolet On The River can help. Contact Jim Glover Chevrolet On The River for assistance with getting a bad credit car loan after experiencing bankruptcy.

When you apply for a bad credit auto loan after a bankruptcy filing, consider the following factors:

  • Get a copy of the latest version of your credit report and read it over thoroughly.
  • If you find any issues in your credit report, fix them as quickly as possible.
  • Save for or set aside a significant down payment for your vehicle purchase. If you can provide 20% down or more, you have a better chance of auto loan approval.
  • Pay on time each and every month! By doing so, you can repair your poor credit score faster than you may think!
  • Purchase an affordable and dependable vehicle that makes sense for your current financial situation.
Young man smiling in front of his new car

Divorce

Have you gone through a divorce and noticed a decrease in your credit score following the end of your marriage? Well, you are not alone. Around one-third of divorcees experience a significant decline in their credit score shortly after their divorce. Local car buyers with bad credit can still get an auto loan for a reliable new or used car here at Jim Glover Chevrolet On The River.

Here are some tips for when you apply for a bad credit auto loan following a divorce:

  • First, obtain the latest copy of your credit report and look for any issues. If you find any issues, be sure to get them cleared up promptly.
  • When applying for bad credit financing through Jim Glover Chevrolet On The River, bring proof of income and any other documents that may be required.
  • Plan to set aside or save up for a large down payment. If you can provide 20% or more of the vehicle purchase price for a down payment, then you have a greater chance of being approved for financing.
  • Apply for an auto loan here on the Jim Glover Chevrolet On The River website, via our secure online credit application.

If you live near the cities of Tulsa, Broken Arrow and Owasso, OK, and are in need of a bad credit car loan, contact the Finance Department at Jim Glover Chevrolet On The River today!

Young couple working on computer together

Foreclosure

If you have a poor credit score and it has led to a foreclosure, the Finance Department at Jim Glover Chevrolet On The River can help you find auto financing to get you back on the road and on track financially. Broken Arrow and Owasso, OK area drivers can count on Jim Glover Chevrolet On The River to support them in their bad credit auto loan search. Apply for financing and shop our used car inventory today!

When you apply for a bad credit car loan following a foreclosure, keep in mind the following things:

  • You can qualify for a sub-prime auto loan or bad credit car loan regardless of whether the foreclosure process has been completed.
  • Your current housing situation does not play a factor in your ability to obtain a bad credit auto loan. If you still live in the foreclosed property, the lender will use your mortgage payment to calculate your debt-to-income ratio. If you no longer reside in the foreclosed property, then your debt-to-income ratio will be calculated using your current mortgage or rent payment.
  • Save up for a large down payment! While states vary regarding regulations for obtaining an auto loan after a foreclosure, a higher down payment is to be expected. Plan on putting forward at least 20% of the vehicle's price, but even more if possible.
  • As expected, the interest rate on your bad credit auto loan will be significantly higher than with a conventional car loan.

Drivers in the Broken Arrow, Owasso and Tulsa, Oklahoma area whose bad credit has led to a foreclosure can still find bad credit car loan options available through the Finance Department Jim Glover Chevrolet On The River. Contact us today!

Young man in driver's seat smiling and holding up car keys

Repossession

If you find yourself facing a repossession near Broken Arrow, Owasso and Tulsa, Oklahoma and you need an auto loan, the Finance folks at Jim Glover Chevrolet On The River are ready to help! Typically, it is recommended for drivers to wait as long as possible after a repossession to apply for a car loan, but Jim Glover Chevrolet On The River understands that sometimes, waiting weeks or months for a reliable mode of transport is not an option.

If you plan to apply for bad credit car loans following a repossession, keep the following tips in mind; they will help your application process go as smoothly as possible:

  • Firstly, obtain the latest version of your credit report. If you have had a recent repossession or multiple repossessions, then they are likely to have already shown up on your credit report.
  • Inspect your credit report for any potential errors, and address them quickly. Correcting even a tiny error can have a significantly positive impact on your credit score.
  • Keep in mind that most sub-prime auto lenders will seek a larger down payment (20% down or more) than with a conventional loan, since a bad credit loan represents greater risk.
  • Once you apply for financing here at Jim Glover Chevrolet On The River and visit for an appointment, be sure to have completed all of the necessary documents to help your application process go quickly and smoothly.

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