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The Hendrick Buick GMC Cary finance department offers our Cary, North Carolina customers access to credit assistance and available bankruptcy approval programs designed to help even the most credit challenged individuals obtain a new Buick, new GMC, or a quality used vehicle. Regardless of your current credit score or your previous credit history, Hendrick Buick GMC Cary wants to help! Do any of the following pertain to you?
If so, we have you covered! If you live in Cary area, come by today and let our credit assistance team help you today! Or, if you’d like to research from home, feel free to consult our many car finance tips and tricks. We take pride in being your chosen guaranteed credit approval car dealership in the Raleigh area. Even if you have bad credit, we’ll help you find the Buick or GMC that’s right for you and your budget!
If applying a subprime car loan, the applicant will have to bring a few additional records. This is because a moneylender is incurring a high risk when financing a subprime car loan.
Verify your license is not expired, revoked, or suspended. Also ensure the address listed on your driver’s license is current and matches your state of residence.
Take care to include the name of your agent and a reliable contact number. Preemptively adding a new car to your policy will not be necessary until approval.
A recent bill for utilities, such as water or electric, is sufficient proof so long as your name is listed and matches the address given.
For approval, a recent (within 30 days) pay stub stating your year-to-date earnings is sufficient. Self-employed individuals must provide two years of professionally prepared tax returns.
Most finance professionals expect six references. A reference means any individual that knows you personally — be it a family member, friend, or work colleague. Your list should include full names, addresses, and phone numbers.
Any phone number provided must be in service and under the applicant’s name. Prepaid cell phone numbers will not be accepted.
Here at Hendrick Buick GMC Cary, we’re here to help you with all of your credit assistance needs. So if you’re looking for dealerships near Raleigh, NC for bad credit, choose us! We are your guaranteed credit car dealership, and we’ll work with you to help find the best auto finance plan for your unique situation. So whether you’re looking to lease or finance a new Buick or GMC or are on the hunt for a new car to trade in your financed vehicle for, we’re your go-to dealer! Feel free to reach out to our Buick, GMC finance department with any questions you have about bad credit car financing.
Yes. Many of our customers have successfully financed a vehicle during or after bankruptcy. Chapter 7 and Chapter 13 bankruptcies are handled differently, and our finance team understands both. If your Chapter 7 has been discharged, you may be eligible to finance right away. If you’re in an active Chapter 13 repayment plan, you may still qualify — but you’ll typically need trustee approval first. We’ll walk you through exactly where you stand.
To give yourself the best chance of approval, bring the following:
There’s no one-size-fits-all answer, but a down payment of 10–20% of the vehicle’s purchase price can make a meaningful difference — lowering your monthly payment and showing lenders you’re committed. If cash is tight, a trade-in can count toward your down payment as well. Talk to our team about what options make sense for you.
It may be, at least initially. Lenders view credit-challenged borrowers as higher risk, and that can be reflected in the rate. The good news is that making consistent, on-time payments on your new auto loan is one of the fastest ways to rebuild your credit — which can open the door to refinancing at a better rate down the road. Our team will be upfront with you about your options so you can make the best decision.
It’s possible to finance a vehicle while in an active Chapter 13 plan, but there are a few extra steps. You’ll typically need written approval from your bankruptcy trustee before taking on new debt. Once you have that, our finance team can work with lenders experienced in exactly this type of situation. We can help you understand what documentation you’ll need to present.
A repossession is a serious credit event, but it doesn’t automatically disqualify you from financing. Lenders will look at how much time has passed since the repo, whether there’s an outstanding deficiency balance, and what your income and overall financial picture looks like today. The more time that has passed and the more stable your current situation, the better your chances. We’ll review everything and be honest with you about where you stand.
Absolutely. You can complete our secure online credit application in just a few minutes from home. Our finance team will review it and reach out to discuss your options before you ever set foot in the dealership — no pressure, no obligation.