Byrider Roanoke Reviews (2024)

FAQs

What credit score is needed for JD Byrider? ›

We consider things like your income, your budget and your history of on-time payments (rather than just looking at your score alone). Because of that, there is no specific minimum credit score needed to qualify for financing from us.

In a consent judgment entered last week in Suffolk Superior Court, JD Byrider agreed to provide significant monetary and injunctive relief to resolve a lawsuit filed by the AG's Office in September 2017 that alleged the dealership took advantage of consumers and violated the Massachusetts consumer protection law.

CNAC has worked with Byrider to help over 1 million people get the financing they needed for the car they wanted. We offer private, secure payment processing services with flexible payment schedules and many different ways to pay. With CNAC, you could get easy financing for a great car.

We report all of your payments to the three major credit bureaus. As you make your full, on-time payments on your vehicle, it can only reflect positively on your credit!

You can trust that we won't make a decision on credit score alone and will work hard to make financing a possibility. Don't let a bad credit background keep you from financing a used vehicle — we would love to help you today.

At Byrider, some of our buyers can qualify for financing with as little as $0† down. You can hold onto your paycheck and get behind the wheel of a great pre-owned car!

About Byrider: Byrider, one of America's largest buy-here-pay-here used car dealership and franchise systems, has sold more than 1.34 million cars at more than 125 locations across the country. Founded in 1989 as J.D. Byrider, the company recently rebranded and changed its name to Byrider.

Credit reporting

We report all your payments to the three major credit bureaus.

What even more disturbing is that CNAC who did the finance on it says that the do not do refinancing for any reason.

The approval process is easy at J.D. Byrider. We look at your current financial situation--not just your past mistakes. If you're approved, we'll set up affordable payments with a personalized schedule to try to fit your needs.

What happens if I miss a payment at JD Byrider? ›

If you default on payments they have a right to repossess the vehicle. Unfortunately.

Finance. Drive On,” is the company's new tagline. The new branding drops the “J.D.” in J.D. Byrider, and lower-cases the “byrider.” New ads emphasize the idea that customers can get on with other aspects of improving their lives, once they have a car.

We consider things like your income, your budget and your history of on-time payments (rather than just looking at your score alone). Because of that, there is no specific minimum credit score needed to qualify for financing from us.

Byrider and CNAC are affiliates. Our affiliates include companies with the Byrider and CNAC names.

What credit score do auto lenders look at? The three major credit bureaus are Experian, TransUnion and Equifax. The two big credit scoring models used by auto lenders are FICO® Auto Score and Vantage. We're going to take at look at FICO® since it has long been the auto industry standard.

Most used auto loans go to borrowers with minimum credit scores of at least 675. For new auto loans, most borrowers have scores of around 730. The minimum credit score needed for a new car may be around 600, but those with excellent credit often get lower rates and lower monthly payments.

You'll need at least a 550 credit score to qualify for an Autopay car loan, but each lender in their network has its own requirements. In general, the credit score needed to buy a car is at least 660, but some companies — like Autopay — are willing to work with lower scores.

The credit score required and other eligibility factors for buying a car vary by lender and loan terms. Still, you typically need a good credit score of 661 or higher to qualify for an auto loan. About 69% of retail vehicle financing is for borrowers with credit scores of 661 or higher, according to Experian.