Joe Myers Lincoln Auto Loans in Houston, Texas

Roads are the most common mode of transport across the globe, which makes vehicles the most preferred and accessible means of getting around. A car is a significantly expensive asset for most people. Costs aside, a car makes running your errands a little more manageable since owning a car untangles you from the restrictions of public transportation in your home area.

The high costs associated with buying a new car may ward off prospective car owners. Initial purchase costs may deplete your savings and leave you vulnerable, but you still need to move around and take care of your errands conveniently. There is a solution to this problem. Visit Joe Myers Lincoln today and get assistance on how to access finance for your desired car. The dealer listens and assists all regardless of their credit scores.

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Is Financing a Car a Good Idea?

If you are looking to improve your living standards, a car is a great way to do that. If you are looking for a way to change your life, car financing is the best option, which is because of the many benefits car-financing avails to you.

An improved credit rating is the first reason why financing a car is a great idea. Regardless of whether you have a great or poor credit rating when you buy a car under a financing option, it is listed on your credit record. When you make payments according to the repayment plan, your credit score begins to rise. A higher credit rating gives you access to more credit in the future.

Similarly, financing your car purchase allows you to purchase the car you want. Access to finance expands your options for a car purchase compared to using your savings only. With financing, you can buy a new car with as much detail as you want, which is in contrast to purchasing a used car, which is what your savings will most likely accord you. New vehicles are easier to maintain and will reduce the total cost of ownership by a considerable proportion, which means you get to drive the car you want and save money while at it.

In financing your car purchase, you can alter the length of the repayment period. Payment plans for car purchases are flexible to suit the needs of each meaning you can extend your repayment period by reducing the monthly installments. An extended repayment period, however, comes at the cost of higher interest. Lower monthly repayment amounts mean you remain with more cash each month.

Is There a Minimum Credit Score to Finance a Car?

There is a lot that goes into determining the credit score of an individual. Once your credit score is set, most lenders use this figure to decide whether or not you qualify for a loan or not. In financing your car purchase, we do not require you to have a minimum credit score. As such, a poor credit score will not limit you from accessing car finance. What happens is that the higher your credit score, the lower your annual percentage rate of charge (APR). Aforementioned implies that a lower than average credit score will not bar you from accessing credit, but it will increase the cost of financing your car.

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Joe Myers Lincoln

16634 Northwest Freeway
Directions Houston, TX 77040

  • Sales: 833-210-3434


  • Monday 9:00 am - 9:00 pm
  • Tuesday 9:00 am - 9:00 pm
  • Wednesday 9:00 am - 9:00 pm
  • Thursday 9:00 am - 9:00 pm
  • Friday 9:00 am - 9:00 pm
  • Saturday 9:00 am - 9:00 pm
  • Sunday Closed