What Does Guaranteed Car Financing Mean?

Man Signing Contract at Car Dealership

Your credit score is recovering from taking a hit and you’ve been working hard to improve your credit score. What can you do if you need to purchase a new car before your credit score is high enough for your bank to approve you for a car loan? If you’re looking for guaranteed car financing near Kyle, the answer is Sterling Acura of Austin. Our finance center explains what guaranteed car finance dealers can do to help you get into a new car while rebuilding credit.

How Does Financing Work?

Auto loan financing means that a driver applies for a loan, either with our finance center or their bank. Traditional loan approval and interest rates are determined in large part by the applicant’s credit score acquired from a credit check, along with the loan amount, how long the borrower needs to pay it off, their debt-to-income ratio, and the kind of car they want to buy. If approved, the borrower will pay back the loan amount plus interest in monthly installments.


How Does Guaranteed Car Financing Compare to an Auto Loan?

What if you’re turned down for a loan because of bad credit? Guaranteed car financing doesn’t require a credit check, unlike a traditional auto loan. In-house guaranteed loan dealers in Buda use your income to determine your loan amount and interest rates. Auto loans are available for drivers with bad credit, but depending on the lender your prompt payments might not work towards improving your credit score. Also, these loans usually have a much higher interest rate.

Build Your Credit with an In-House Auto Loan

San Marcos-area drivers with reliable income deserve a reliable car and an opportunity to raise their credit scores. Here’s what you need to make guaranteed car finance work for you:

  • Income of around $1,500 to $2,000 a month before taxes
  • Proof of income
  • A down payment of 10% of the vehicle’s price
  • A personal list of references
Couple Calculating Finances

Save Money on Your New Acura at Sterling Acura of Austin!

Once you’ve secured your guaranteed car financing, check Sterling Acura of Austin’s special offers to make your loan go further. Our finance team is here to answer any of our questions and can help get the car buying or financing process started. You can even find helpful finance features to help you explore your options like how financing works or how to trade in a financed car. Contact us today for more information and to schedule a visit to our dealership near San Marcos and Round Rock! Learn what MSRP means and how you can find the right luxury vehicle that fits within your budget.


Explore Our Models

  • 2022 Acura MDX Packages

      If you’re looking for a new luxury SUV to drive through Kyle, then the 2022 Acura MDX should be at the top of your list. It has strong performance features and interior amenities that you can’t miss! While many of our customers enjoy the MDX, some want to upgrade it to meet their personal…

  • The Vibrant 2022 Acura RDX Colors

      The vibrant Acura RDX colors look amazing. Did you know there are eight exterior colors to choose from? That’s enough choices to ensure that this automobile would look fantastic in any Austin driveway. Let’s take a closer look.   Acura ResearchAcura RDX   2022 Acura RDX Exterior Colors If there’s one thing that all…

  • 2023 Acura Integra Trim Levels

      The Acura Integra is the perfect luxury sedan for a Kyle lifestyle. It’s sleek, efficient, and provides plenty of room for you and your passengers. You just can’t go wrong with it! There are a variety of trim levels to select from, so we’re going to review each one to show their difference so…

Sterling Acura of Austin 30.2072295, -97.7556433.