Get an Auto Loan Quote

Auto Loans in Delray Beach (FL)

Have you been declined by creditors on account of credit issues? We enable you to find a bank or dealer who can give you the loan you need at a rate that’s fair given your credit. We have built an extensive network of lenders and dealers who can accept your application in real time, resulting in a variety of benefits:

  • Faster approvals.
  • Superior bargaining power.
  • Greater confidence on the lot.

All you need to do is apply online, and we’ll find you a lender or dealer in Delray Beach willing to get you the loan you need.

Auto Loan Delray Beach FL

Bad Credit Car Dealerships in Delray Beach, FL

Assuming you have some credit problems, dealer financing is typically your best bet, as most all the banks in the area will be unwilling to approve you. There are dealers, however, that can get you the loan you need at an affordable rate. In most cases, these larger dealerships offer:

  • More reasonable APR rates.
  • Acceptable down payments.
  • Lower mileage vehicles.

You may not meet the criteria to finance just any car in the showroom. Here we have an example based on a monthly income of $2,424, the average in Delray Beach:

Credit Income Factor Sum
Great Credit 10 $24,240
Fair Credit 9 $21,816
Subprime Credit 8 $19,392
Bad Credit 7 $16,968
Very Bad Credit 6 $14,544

These figures are just approximations. You may not be able to borrow this much, depending on such factors as your other loan balances, housing payment, and type of income.

An automobile finance expert can help you determine how much you’re eligible to borrow, and at what rate. To begin, all you have to do is submit your application.

Documentation Details

When you purchase a car, certain documentation has to be provided, and when you’re suffering from poor credit, more than normal could very well be required. Requested documentation often includes:

  • Driver’s License
  • Proof of Income
  • Proof of Insurance
  • Proof of Residence
  • Personal References

This might look like a big hassle, but actually it’s pretty simple.

Buy Here Pay Here Car Dealers in Delray Beach, FL

Generally known as in house financing, your job is your credit, or tote the note car lots, these businesses typically have a few primary features. They…

  1. Offer car loans on site.
  2. Rarely require credit checks.
  3. Want weekly or twice-monthly payments, often in person.

Often people with really terrible credit feel that an in house financing car lot is the only establishment that will accept their credit. But keep in mind, Florida poor credit auto loans from credit unions and banks typically come with lower rates.

Rules of Thumb for Financing

Your car payment, how much is best? Just take 10% of your monthly income. This is the absolute maximum you should spend on a monthly basis. To counteract equity issues and expensive finance fees, go with a repayment term of no longer than 60 months. If you follow these guidelines, you will end up financing a car costing roughly 50% of what you make per year. In Delray Beach, where the average income is $29,083 per year, the average consumer would purchase a vehicle costing $14,544. Unlike other investments, a car does not hold its value, so you want to shell out the least amount possible to get a car that won’t cost you time and money in repairs.

Cars from Delray Beach Dealerships

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