What is Special Financing?

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We’re often asked how special financing car dealerships work, so we thought we’d lay it all out in this quick and easy guide. Simply read on for answers to the following questions:

  • What is Special Financing?
  • Is Special Financing Right for You?
  • How Should You Pick a Car with Special Financing?

What is Special Financing?

Put simply, special financing exists to help you get a new car with bad credit. If you’ve missed payments in the past, gone through bankruptcy or repossession, or have any other red flags, you may find it hard to secure a traditional loan.

Special financing is therefore sometimes offered to provide auto loans for drivers who need a vehicle but can’t make the right credit rating.

Is Special Financing Right for You?

Most people need a vehicle of their own for a more convenient lifestyle, especially where public transportation is poor, so special financing is often an important lifeline that lets people get back on their feet.

That said, such loans tend to come with higher annual percentage rates – that’s just how the risk is balanced out for lenders offering a chance to those with poor credit.

couple reviewing finances

How Should You Pick a Car with Special Financing?

When looking to get a new car with bad credit, it helps to work through a dealership instead of an external lender since you can arrange to finance while you pick out your vehicle.

You should also:

  • Consider a Cosigner: Backing your special financing with a co-signer can mean getting a better rate.
  • Check Your Credit History: There might be errors limiting your access to credit, so dispute any that you find and your financing deal could improve.
  • Work Out Your Budget: Fail to make payments on special financing and you’ll find it much harder to secure another deal in the future, so use online calculators to make absolutely sure you’ll be able to pay back what you borrow.

Learn More About How to Get a New Car with Bad Credit at Our Lewis Center Dealership

Buying a new car with bad credit can be tough, but special financing can make it happen for Delaware, Worthington, and Westerville drivers. Contact us today to find out more finance features like credit scores to finance a car, or feel free to get in touch with our finance department to talk through available options.

Woman signing financial paperwork for car


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Byers Kia

5342 Columbus Pike Lewis Center, OH

Phone: (888) 380-2230



Phone: (888) 346-0673

5342 Columbus Pike Lewis Center, OH


Phone: (888) 380-2230

5342 Columbus Pike Lewis Center, OH


Phone: (888) 319-5127

5342 Columbus Pike Lewis Center, OH
40.218094 -83.034350
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Byers Kia
Byers Kia
5342 Columbus Pike
Lewis Center, OH, 43035 US
(888) 380-2230
Byers Kia 40.218094, -83.034350.