Credit score is a major factor for companies financing car loans in Pine Bluff and across the country, and rates of acceptance for car loans in Pine Bluff aren’t as high as they used to be. No worries. Good credit may provide you with more options, but we can help you get approved for a bad credit auto loan you need. In under a minute, we can set you up with a lending agent in Pine Bluff who will make every effort to find you the car loan you need.
Bad Credit Car Dealers in Pine Bluff, Arkansas
When you have unfavorable credit ratings, dealer financing is probably the only option you have, seeing as most all the banks won’t be willing to lend to you. There are dealers, however, who want to get you approved for financing. Contrary to buy here pay here dealers, these larger dealerships offer:
- Interest rates that aren’t extortionate.
- Down payments that are reasonable given the vehicle’s worth.
- Vehicles that are more reliable.
Your income and credit will dictate how much car you can afford. Usually, if you’ve got credit problems, the upper limit of what you can borrow is six to eight times the amount you make per month. For residents of Pine Bluff earning $1,281 per month, this is $7,686 to $10,248. Having said that, it’s best to borrow less than you can, keeping your monthly payment to just 10% of your income–$128, in this situation.
Apply online to find out your options.
Proof of Income for Pine Bluff Residents
The documents necessary to get a loan for your vehicle vary, but there are several things that will be requested no matter where you go. At the very least, you will need the following documents to get fully financed:
- Driving License
- Proof of Income
- Proof of Insurance coverage
- Proof of Residence
- List of Three Personal References
Before you stop by the bank or lender, make certain you have all the documentation that’s required.
Pine Bluff Buy Here Pay Here Car Lots
Buy here pay here dealerships wants you to believe that you have no alternative but them, yet this generally isn’t the case. It’s true, they rarely check your credit, which means your credit problems probably won’t be an obstacle to getting approved, but odds are you will pay too much for this opportunity.
In most cases, higher-mileage autos are the only models for sale, and dealers may expect you to pay weekly, in person. Repossession is common, and the interest rates are very high. This is why these car dealers don’t have a great track record. Let us place you in the hands of a reputable dealer who can get you financed, even if you’ve had to file bankruptcy.
Recommendations for Buying a Car in Pine Bluff
Take 10% of what you make per month, pre-tax. You’ll want to spend this much, or less, on your car payment each month. On top of that, finance your vehicle for no longer than 60 months. This translates into a car which costs about half of what you get paid on an annual basis. with an income of $15,377 annually, the average in Pine Bluff, this would equate to a $7,686 car. As a rule, the less you can spend on a dependable car or truck, the better.