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15701 West Colfax Ave, Golden, CO, 80401Denver

What Does Guaranteed Car Financing Mean?


Simply put, guaranteed auto financing is financing that doesn’t require a credit check. This means that when you choose the in-house financing at Planet Honda, we use your income to determine what you qualify for. This option is especially beneficial if you’re trying to buy a car with bad credit or no credit. Learn more about guaranteed car finance dealers and more, then stop by our Honda dealership near Denver to find out what we can do for you today!

Does In-House Financing Help Build Credit?

One of the chief benefits of in-house car financing is that it actually can help to repair your credit score. Since just about every in-house financing dealership reports payments to major credit bureaus, your timely payments can rebuild your credit over time. With guaranteed car financing, you get the car loan and interest rate you need, while having the potential to boost your credit score at the same time.

Bad Credit Loans vs. Guaranteed Financing

There are multiple options when it comes to bad credit loans. While at some dealerships buyers have the opportunity to make payments directly to the dealership instead of to the lender, this can have minimal, if any, effect on your credit. You’ll also have a higher APR and higher monthly payments. With guaranteed financing Lakewood-area divers need the following to qualify:

  • Income of around $1,500 to $2,000 a month before taxes
  • Proof of income
  • A down payment of 10% of the vehicle’s price
  • A personal list of references

Finance Your Vehicle at Planet Honda

If you have less than perfect credit, it may well be worth your while to look for “guaranteed car financing near me?” Our finance team will be happy to walk Arvada-area car shoppers through the ins and outs of guaranteed financing to help you decide whether it is the right choice for you. Learn more about what our finance department can do for you by applying for financing online to get pre-approved, or by contacting us with any questions about a guaranteed car finance option. Make sure to take a look at our current new vehicle specials, then stop by our dealership in Golden to get behind the wheel of an exciting new Honda today!

Planet Honda 39.7301721, -105.177084.