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Auto Loans in Dothan (AL)

We have seen too many Dothan consumers who think that credit problems will prevent them from securing a car loan. We have access to an extensive network of dealers and lenders, and we have finance professionals standing by, waiting for your application. Experience the convenience of having a committed finance consultant to help answer your questions and set up your loan.

Bad Credit Car Dealerships in Dothan, AL

Weak credit scores have been on the rise in Alabama, largely as a result of the market downturn, and a lot more dealerships now have finance departments that specialize in financing people with non-ideal credit. With any subprime loan, expect:

  • Much higher APR rates.
  • More money owed upfront.
  • Less significant loan amounts.

Having said that, it’s much better than any alternative, and these dealers can help you restore your credit by establishing a record of installment payments made on time. We have a great number of dealers in our network, and when you submit your application, we work hard to connect you with one who wants to accept you for financing.

Acceptance Requirements for Dothan Residents

To steer clear of any hitches, be sure to supply all of the required documentation when financing your car. It is important to bring your driving license. It’s required for test-driving various models, and lenders need it to verify your identity. Your credit approval is largely based on your income, so it’s hardly surprising that you’ll need to provide pay stubs. Have you been working in the same industry for a year or longer? This indicates stable income. Any financed vehicle has to be covered by a full coverage policy until the lender has released the lien. Address verification is an additional requirement, and a simple one: just bring a copy of your lease or a utility bill.

When you stop by the bank or lender, be sure you have all of the requested documentation.

Dothan Buy Here Pay Here Dealers

Have you considered heading to a buy here pay here dealer to get approved? Normally, there are considerably better alternatives. These dealers will approve practically anyone, no matter their credit, but you will find negatives.

Problems include:

  • Inflated Interest rates
  • Outrageous Down Payments
  • Overpriced Cars and Trucks
  • Ignition Interlocks

There’s a good reason why these car dealers have a lousy track record. We want to put you in touch with a reputable dealer who can get you the funds you need, even if you’ve experienced bankruptcy.

Credit Improvement for Dothan Consumers

If your credit isn’t very good, you may be scared that a car loan will only decrease your score yet further, but that is rarely the way it goes. Financing a car just might help you reverse the damage to your credit. When you make payments on schedule, you prove to lenders that they’re likely to have the funds they lend you paid back on time. Overdue payments, however, can damage your FICO score, and severely! You don’t want to underrate the merits of an enhanced credit score. It makes life so much less difficult and more affordable, and all you need to do is pay your bills on time month after month.

Used Cars from Dothan Dealers

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