Bad credit financing near Milford, Bridgeport, and Shelton, CT

People need vehicles to get to work; get their kids to school and to just generally live their lives. If someone is in a difficult credit situation, obtaining the funds to get a new (or pre-owned) vehicle can be a laborious process. Colonial Toyota understands these challenges that people face when they are searching for bad credit financing near Milford, CT and have taken steps to work with people who may have been turned away from other dealerships. Our NU-Start program provides exactly that, a new financial start which will allow people to get the credit and financing they need. The NU-Start financing team at Colonial Toyota is specially-trained and has exclusive resources available to give people the help they need. Anyone looking for a personalized plan to pay for a new vehicle can make an appointment today by calling, 1-800-999-1969.

When Colonial Toyota was developing the NU-Start program, the team learned a couple of important lessons. First, the biggest mistake people make that hurts their credit is using it incorrectly. A major portion of the NU-Start financing program is a specially curated counseling platform to help buyers make the best possible decisions for their unique financial situation. The final and most important lesson our team picked up was actually something we’ve always known. People are fundamentally good, and life can get messy. Bad things happen to undeserving folks and sometimes they just need a little help along the way. Colonial Toyota has partnered with a diverse set of financial institutions to support NU-Start customers. In the time this program has been running, we have rarely, if ever, come across a credit situation that we couldn’t make better.

What causes bad credit?

There are a lot of factors that come into play when determining what causes a difficult credit situation. But basically, it all boils down to have too many bills and not enough money. Medical expenses, divorce and job losses are all major contributors to being buried in debt, which can lead to low credit scores and bankruptcy. Before applying for any financing, contact a Colonial Toyota Nu-Start representative and we can help you get a plan together that can take some of the burden off of you.

First-time car buyers

As difficult as it is to find affordable financing solutions with a low credit score, having no credit history of any kind can be worse in some cases. Purchasing a vehicle is a major monetary investment, especially for people just starting out in adult life. Being smart with the use of credit will ensure people begin their journey on a strong financial footing.

Other situations we can help with