Understanding Credit: How to get financed.


At Larry H. Miller, we understand that bad things can happen to good people. If your credit is challenged, give us a try. We have thousands of vehicles to choose from at very affordable rates. Allow one of our trained credit specialists to work with you to find a suitable financing option. Just because your credit score isn't great, doesn't mean you have to pay a high rate or not get the vehicle of your dreams. With our 58 store buying power, we're able to leverage our relationship with lenders and banks all over the country. 

There are many factors that come into play when a creditor makes a decision on weather or not to give you a loan for purchasing a vehicle. The four top reason are: Application Information, Credit History, Down Payment, Vehicle Selection.

  • Application Information: Information you provide such as employment, residence and income information.

  • Credit History: Information of all other credit in your credit file.

  • Down Payment: The amount of money you are putting toward the vehicle or the total value of our trade.

  • Vehicle Selection: The year, cost, and the mileage on a vehicle. 

Your budget is the most important thing when buying a car and getting approved for finance. This includes how much you make to how much you pay already in bills. Also, having a nice down payment will increase the chance of better rates and monthly payment.