Bad Credit, No Credit? No Problem!
If you're shopping for a car near Bartlett, Memphis, or Cordova, TN, and wondering about your financing options, you're in the right place. At Sunrise Buick GMC at Wolfchase, we're committed to making the auto loan process simple, encouraging, and accessible, no matter your financial background.
In this Frequently Asked Questions section, you'll find clear, honest answers about getting approved, rebuilding credit, understanding your score, and exploring your options—so you can feel confident at every step of the journey.
What Is a Good Credit Score?
According to most scoring models, a good credit score typically falls within the range of 670 to 739. If your score is in this range or higher, lenders generally view you as a lower-risk borrower, which can help you qualify for better interest rates and loan terms. However, even if your score is below that range, many options are still available to help you get behind the wheel of a new vehicle.
At our finance department, we work with customers from all credit backgrounds—our goal is to help you move forward with a loan that fits your budget and lifestyle.
NewCan I Get Approved for a Car Loan if I've Had Credit Challenges?
Yes, you can. Usually, it just takes the right plan and support to move forward after facing credit challenges. Many lenders work with buyers who have experienced financial setbacks, especially if there are signs of stability, like steady income or a recent positive payment history.
If your credit score is lower, one way to strengthen your application is by having a co-signer. This can help improve your chances of approval and may even lead to better loan terms.
You can also prepare by gathering documents that show your financial stability, such as proof of income, rent or utility payment history, and a list of monthly expenses. These details help lenders get a clearer picture of how you manage money today rather than focusing only on your past.
What if I'm a First-Time Buyer or Have a Unique Income Situation?
If you're a first-time buyer or have a unique income situation, your approval might look slightly different, but you can still get a car loan. Many people purchase a car for the first time while working part-time, freelancing, or receiving income from multiple sources like retirement benefits, social security, or self-employment.
We can help you present other forms of financial stability. This might include recent bank statements, tax returns, proof of consistent deposits, or documentation of your monthly expenses and income sources.
Having a co-signer is another helpful option for first-time buyers or those with variable income. A co-signer with strong credit can make lenders feel more confident in offering you a loan, potentially with better terms.
Is It Possible to Get Financing After Bankruptcy?
If you're navigating life after bankruptcy—either Chapter 7 or Chapter 13—you may be wondering if vehicle financing is still on the table. The answer is yes. With the proper court or trustee approval, many drivers are eligible to finance a car and begin rebuilding their credit responsibly.
We've helped many individuals in similar situations secure reliable transportation that suits their needs. We're here to support your next chapter with practical financing solutions and a team that genuinely cares about your future.
We offer a wide array of financing for your specific financial situation:
- Open Bankruptcy Chapter 7 or 13 (with court/trustee approval)
- Unemployment income
- Fixed income
- No minimum job or residence time
- Multiple open autos on bureau
- Non-related co-signers
- First-time buyers
- Temporary employment
Give us a call today to learn more, or fill out our contact form below and let us know how we can help get you into the car of your dreams today!
Apply for Financing Online
No matter what your credit story looks like, Sunrise Buick GMC at Wolfchase is here to help you move forward. We offer a wide array of financing for your specific financial situation and can guide you every step of the way. Stop by our dealership near Bartlett, Memphis, and Cordova, Tennessee, to go over your financing options. Contact our team, get started, or fill out our secure online finance application.
