Ask Mike About Car Loans

Are you in the market for a new or used vehicle, but are concerned about being approved for a car loan? Many customers with a less than perfect credit, or bad credit, have these same concerns. The simple answer is, yes, a customer with less than ideal credit can be approved for a car loan.

In today's up and down economy, it is more common than you'd think for car shoppers to be concerned about their credit. In almost any situation, there is an answer to get you back on the road with reliable transportation while you establish or re-establish your credit.

Can I Get Approved For a Car Loan?

What are Some of the Causes of Bad Credit?

Regardless of the situation you are faced with, there are options to get you back on the road. Our experienced finance team has the ability to help customers who are dealing with:

  • Divorce
  • Bankruptcy
  • Light credit or very little credit
  • Previous repossession of a vehicle

Will Having My Credit Run Affect My Credit Score?

One of the easiest ways to know if you can get approved for a car loan is to submit for a pre-approval.

The pre-approval. finance form is fast and easy and can be submitted online. The best part of the pre-approval finance form is that it does not require a social security number and DOES NOT impact your credit score. This is what's called a "soft pull," and you can find out in minutes if you're pre-approved with no cost or commitment to you.

Will My Credit Score Affect My Interest Rate on a Car Loan?

There are several factors that determine your interest rate; they include your credit history, ability to pay your car loan and more.

One of the many ways we work with customers of all credit situations is by investing in the credit information from all major companies; Equifax, Experian and Transunion. This process helps us find more opportunities for customers to get qualified for car loans at better terms.

Our staff at Joe Cecconi's Chrysler Complex is trained to discuss your specific situation with dignity and respect. It can be awkward to talk about personal details, but we understand that bad things happen to good people.

If you have concerns about buying a car with bad credit, let our credit experts review the details of your specific situation. Many times, when other dealers tell you they can't help, the experts at Joe Cecconi's Chrysler are able to get you approved, often with little or no money down, even if you have negative equity.

What Is A Good Credit Score?

While there are different aspects to a credit score, in general:

  • 720 credit score, and above, is very good
  • 680-715 credit score is good
  • 620-679 credit score is average
  • 619 and below, credit score is typically considered sub-prime

Terms You Need to Know

Negative Equity

Negative equity occurs when you owe more money than your vehicle is worth

Interest Rate

The interest rate is essentially the price that the bank, or finance company, charges you to borrow their money

Light Credit

Light credit is a situation where there is not a long credit history

Soft Credit Pull

A soft credit pull offers customers the opportunity to enter their basic personal information without a hit to their credit score. No social security number is required


A "pre-approval" is a commitment from a lender that you meet the basic guidelines for a car loan approval

When Should I Submit a Credit Application to an Auto Dealership?

If you are close to making a decision to do business with Joe Cecconi's Chrysler, or any other dealership, you may want to by-pass the pre-approval process entirely. You have the ability to go directly online and apply for financing on the specific vehicle of your choice. Unlike a pre-approval, this process will assist you to finalize your credit approval.

Call (716)297-5800 today to put our Credit Experts to work for you.

Make an Inquiry

Have Credit Concerns? Fill out this form to receive our helpful White Paper on Financing a Vehicle With Low Credit

By submitting your contact information, you consent to be contacted by telephone about purchasing a vehicle or obtaining vehicle financing. Clicking on the Submit button above is your electronic signature.


  • Monday 09:00AM - 08:00PM
  • Tuesday 09:00AM - 08:00PM
  • Wednesday 09:00AM - 08:00PM
  • Thursday 09:00AM - 08:00PM
  • Friday 09:00AM - 08:00PM
  • Saturday 09:00AM - 06:00PM
  • Sunday Closed


Joe Cecconi's Chrysler Complex

2380 Military Rd
Directions Niagara Falls, NY 14304-1563

  • Sales: 716-286-9089
  • Service: 716-286-9090
  • Parts: 716-286-9085