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Auto Loans in Lake City (FL)

Have you been thinking of getting your car loan pre-approved? You ought to, as it addresses most of the hassles from the car-shopping experience. We make it easy to apply for financing through our vast network of dealers and lenders. Experience the convenience of working with a dedicated lending professional who can help answer your questions and arrange your loan.

Lake City Car Lots That Take Bad Credit

For anyone who is looking for a dealership that is receptive to people with low credit scores, you’re in luck. Since you’re a higher-risk applicant, expect more expensive rates of interest and larger down payments, along with tighter repayment conditions. On the other hand, they will arrange your financing through banks and finance companies that report back to the credit bureaus, giving you the ability to increase your credit score. We work with many such dealerships, and when you apply online, we can pair you with one who wants to accept you for financing.

Is a New Vehicle the Way to Go?

We’ve found that a lot of people don’t know they can finance a new or used vehicle. New cars and trucks come with cheaper interest rates. That said, they cost considerably more than their preowned counterparts, and you’ll be charged a bigger down payment.

New Car Used Car 1 Used Car 2 Used Car 3
Years Old 0 1 2 3
Price tag $19,080 $14,310 $11,448 $9,540
Down Payment $3,816 $1,431 $1,145 $954
Loan Rate 5.00% 7.50% 7.50% 7.50%
Length 5 years 4 years 4 years 4 years
Payment $288.05 $311.40 $249.12 $207.60
Interest $2,019 $2,068 $1,655 $1,379
Amount Paid $21,099 $16,378 $13,103 $10,919

Buy Here Pay Here Dealerships in Lake City, FL

In House Financing Car Dealers Lake City FL
Fast Approvals!

Have you considered getting your vehicle through a buy here pay here car dealer in Lake City? Such Lake City in house financing car dealerships don’t depend on banks or outside lenders to fund their loans, so they’re able to support a diverse range of shoppers. Many people with really terrible credit feel like an in house financing car lot is the only real establishment that will be willing to finance them, even though there are several disadvantages:

  • Excessive Rates Of Interest
  • Big Down Payments
  • Inability to Improve Credit Score

Which Cars Are Ideal For Lake City Residents

You may find that you’re qualified to buy a more expensive car than you really need. This chart shows how much the Lake City consumer ought to spend based on an income of $1,908 per month, a car payment equivalent to 8% of this income, and a term of 5 years.

Great Credit Fair Credit Subprime Credit
Payment Amount $153 $153 $153
Loan Rate 3.50% 7.00% 11.00%
Term 5 Years 5 Years 5 Years
Money Down $2,098 $1,927 $1,755
Note Size $8,391 $7,709 $7,020
Interest Paid $768 $1,450 $2,138
Total Paid $11,256 $11,086 $10,913
Car Price $10,488 $9,636 $8,775

Used Cars for Sale in Lake City


Zipcode Make Model Minimum Price Maximum Price Condition
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