Subprime Financing Frequently Asked Questions
Can I get approved for a Chevrolet with bad credit?
Yes. The majority of subprime applicants receive approvals through Chevrolet of Turnersville. We maintain partnerships with non-prime lending institutions that specifically accommodate prior repossessions, past bankruptcies, or zero established credit. Final terms and interest rates depend on your verified income, cash down payment, selected vehicle, and overall credit risk profile.
What is the minimum credit score required for a car loan?
There is no single strict score cutoff. Preferred rates (720+ credit scores) are typically issued through conventional channels like GM Financial. Scores falling under 600 are evaluated via subprime lending partners. Even applicants with scores in the 400s can secure financing, provided income adequacy and down payment requirements are met.
How long does the loan approval process take?
Digital applications submitted online are reviewed within a few business hours. For in-person showroom appointments, standard credit approvals take 30 to 60 minutes. Subprime applications may take between 1 to 2 hours while our finance directors submit your profile to multiple lenders to lock in the optimal terms.
Will submitting an auto loan application lower my credit score?
Submitting an official credit application results in a hard credit inquiry, which may temporarily shift your credit score by a few points. Our finance team minimizes unnecessary inquiries by targeting lenders aligned with your profile. If you prefer to evaluate monthly estimates prior to a credit review, our online payment calculator allows modeling without affecting your credit.
Where is Chevrolet of Turnersville located and what areas do you serve?
Our dealership is situated at 3400 Route 42, Turnersville, NJ 08012. We serve drivers across South Jersey and Greater Philadelphia, including Washington Township, Deptford, Glassboro, Williamstown, Cherry Hill, Camden, Blackwood, Hammonton, and Atlantic County.
What is the New Jersey dealer documentation fee?
The standard state documentation fee for our dealerships is $799. This covers administrative compliance and title processing, added alongside applicable state sales tax, registration, and title fees with no hidden dealer markup fees.
