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Auto Loans in Boynton Beach (FL)

Do you need to secure a loan with a bad credit score? We work with dealerships and lending companies who finance auto loans for people with bad credit in Boynton Beach on a regular basis. All you have to do is send us your application. We will place your application with an auto dealer or finance company that can pre-approve you for a loan.

Boynton Beach Car Lots for Bad Credit

You shouldn’t let credit stop you from buying your new car. We have access to dealerships all across Florida who are willing to compete for your business. In general, these dealerships offer:

  • Less expensive APR rates.
  • More reasonable down payments.
  • New and pre-owned vehicles.

Your credit and income determines how much car you can get financed. Here we have an example based on the average per-capita income in Boynton Beach, $1,615 per month:

Credit Multiplier Amount
Great Credit 10 $16,150
Fair Credit 9 $14,535
Subprime Credit 8 $12,920
Bad Credit 7 $11,305
Very Bad Credit 6 $9,690

These sums are not guaranteed. You may meet the requirements to finance greater than this, or less.

Submit an application to have a finance professional confirm how much you can borrow.

Requisite Documentation for Your Boynton Beach Auto Loan

To steer clear of surprises, don’t forget all the requested documentation when financing your car. Requested documentation may consist of:

  • Driving License
  • Proof of Employment
  • Proof of Insurance
  • Proof of Residence
  • Personal References

When you head over to the bank or dealer, be sure you have all the requested documentation.

Buy Here Pay Here Dealerships in Boynton Beach, Florida

Many people go to buy here pay here auto lots, assuming they will only be able to get approved without a credit check. Rarely is this the case. These types of car lots provide financing directly, in contrast to traditional dealerships which utilize off site lenders, and they typically don’t turn anyone down.

Unfortunately, you should be prepared for inflated annual percentage rates, expensive down payments, and vehicles that cost too much given how much mileage and wear they have been through. Is raising your credit a concern for you? If so, you are better off applying through us, since buy here pay here dealers can’t help you rebuild your credit.

Rules of Thumb for Buying a Car in Boynton Beach

Concerning your monthly car payment, it shouldn’t be more than 10% of your monthly income. On top of that, plan to repay your loan in not more than 60 months. If you stick to these guidelines, you will find yourself financing a vehicle costing about half of what you get paid annually. If you have an income of $19,375 per annum, the average in Boynton Beach, you would buy a car that costs $9,690. Remember, this is the cap on what you ought to budget. Quite a few advisors propose spending just 10-30% of your income for a car.

Used Cars in Boynton Beach, FL

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