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Auto Loans in Longwood (FL)

If you’d like to finance a car in Longwood, you need a finance company you can trust. Our team helps clients in Longwood and throughout the state of Florida, helping them arrange their auto loans on the web. You will enjoy the convenience of having a devoted finance expert to help answer any questions you have and line up your loan.

Car Loans Longwood FL

Bad Credit Car Dealers in Longwood, Florida

Damaged credit has been a bigger problem ever since the market downturn, and a greater number of dealerships now have finance departments dedicated to special financing. Since this is a high-risk loan, expect higher interest rates, more substantial down payments, and smaller loans. On the other hand, keep in mind you’ll be getting a car, sure, but also the opportunity to restore your credit. We work with many such dealerships, and you can get pre-approved by submitting your application.

New or Used: Making the Right Decision

The majority of consumers can qualify to finance either a new or used car. Because new cars drop in value so rapidly, it’s often better to let someone else take the hit, and buy a car already has some mileage on it.

New Car Used Car
Age New 1 Year Old
Price $27,550 $20,663
Down Payment $5,510 $2,066
Loan Rate 5.00% 7.50%
Duration 60 months 48 months
Payment Per Month $415.92 $449.64
Finance Charge $2,915 $2,986
Amount Paid $30,465 $23,649

Tote The Note Car Lots in Longwood, FL

Have you considered getting your vehicle through a buy here pay here car lot in Longwood? These kinds of Longwood in house financing car dealerships don’t depend on banks or outside lenders for approval, so they can support a larger selection of borrowers. A lot of people with really terrible credit believe that a buy here pay here car lot is the only establishment that will finance them, even though the cost of your car or truck will be inflated on account of exorbitant loan rates, and it’s unlikely that your FICO score will go up since these car lots don’t work with Equifax, Experian, and Transunion.

Cars in Longwood That Fit Your Budget

The local dealer might well be loaded with cars that you are able to buy, but which you probably shouldn’t. Here’s a solid guideline: spend no more than 8% of your monthly income on this new payment. For a consumer making $2,755 per month, the average in Longwood, this would be $220.

Excellent Credit Fair Credit Poor Credit
Payment Amount $220 $220 $220
Rate 3.50% 7.00% 11.00%
Down Payment $3,029 $2,783 $2,534
Loan $12,115 $11,131 $10,137
Total Interest $1,109 $2,093 $3,087
Total Investment $16,253 $16,007 $15,758
Sticker Price $15,144 $13,913 $12,671

Used Cars in Longwood for Sale

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