If you’re shopping for a new car, odds are you are going to need an auto loan to afford the car you want. We do business with a diverse network of dealers and lenders, and we have one of the highest rates of approval in the industry. You’ll be led one step at a time through the auto financing process by a finance professional in Decatur.
Decatur Car Dealers for Bad Credit
A lot of dealerships that provide in house financing, often known as buy here pay here car dealers, won’t check your credit. That seems like a benefit, but most likely they won’t be helping you improve your credit score. Odds are you’ll have a better experience with dealership that can offer you a bad credit Decatur car loan through an off-site lender. As with all subprime loans, certain things are to be expected:
- Much higher interest rates.
- More money owed upfront.
- Tighter repayment conditions.
Having said that, the experience is far better than that of a buy here pay here car lot, and your vehicle will in all probability cost you less in the end. We work with many such dealerships, and they want to get you the car you deserve. Just go here to submit your application.
Purchasing a Car in Decatur with No Money Down
A down payment, as you know, is the amount owed upfront when you obtain any vehicle that’s financed. Down payments lead to lower risk loans, simply because a reduced percentage of the vehicle has to be financed. Additionally, a down payment helps you reduce negative equity.
Don’t forget that the trade equity from your used vehicle can be put toward your down payment, enabling you to finance a car without having to put down any actual cash.
Buy Here Pay Here Financing in Decatur, Alabama
Have you thought about heading to a buy here pay here dealer for a car that could be financed? Ordinarily, there are considerably better alternatives. These types of dealers offer funding on the lot, while the vast majority of dealers utilize separate lenders, and they will typically finance anyone.
Regrettably, you can expect inflated rates of interest, big down payments, and vehicles that are too expensive for the number of miles they have. Worst of all, these dealerships rarely report to the credit bureaus, so you could make all of your payments when they’re due without reviving your credit score.
Improving Your Credit in Decatur
Want to restore your credit? Then don’t go to in house financing dealers. Our dealers and lenders can help you with your credit. Credit improvement is progressive, not immediate, but after 6-12 months of on time payments, your credit score should start to rise.
The positive effects are gradual, gaining traction with time. It’s easy to overlook the benefits of an increased FICO score. It can save you thousands of dollars over the course of your life, and you’ve just got to pay your bills on schedule month in and month out.