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Auto Loans in Royal Palm Beach (FL)

A bad credit score can make it challenging to get an auto loan, but we’ve simplified the process like no other company. We help you find a lending company who will not only fund your loan, but do so at a competitive rate. We’re proud to provide access to an unmatched network of dealers and finance companies that can finance consumers with all types of credit histories, even those who’ve issues such as:

  • Low credit scores.
  • Bankruptcy.
  • Collections.

Go on and submit your finance application, and we will connect you with a finance specialist to guide you through the process.

Royal Palm Beach Car Dealers for Bad Credit

For anybody who is looking for a dealer that approves people who have low credit scores, we can help. With any bad credit loan, certain things are to be expected more expensive rates of interest and larger down payments, together with shorter repayment periods. But keep in mind, don’t forget that you are getting a car, of course, but also the chance to build up your credit. Here at Motive Auto Finance, we work with many of these dealerships, and they want to get you the car you deserve. Go here to apply online.

Should You Purchase a New Vehicle?

The majority of applicants are able to finance either a new or used vehicle. Brand new cars have more affordable interest rates. That said, they cost far more than their used equivalents, not to mention that you’ll be charged a bigger down payment.

New Car Pre-owned Car
Age New 3 Years Old
Price $40,030 $20,015
Down Payment $8,006 $2,002
Loan Rate 5.00% 7.50%
Term 60 months 48 months
Payment Amount $604.33 $435.55
Finance Fees $4,236 $2,893
Total Paid $44,266 $22,908

Buy Here Pay Here Dealerships in Royal Palm Beach, FL

Dealerships in Royal Palm Beach that advertise buy here pay here financing differ from traditional dealerships in several crucial ways. They…

  1. Furnish car loans on site.
  2. Rarely perform credit checks.
  3. Want you to make your car payments each week, often in person.

Sometimes people with really terrible credit feel that an in house financing car lot is the only real establishment that will take their credit, despite the fact that the cost of your car or truck will be inflated on account of exorbitant interest rates. And if that weren’t enough, chances are your credit rating will not go up since these car lots have no relationship with Equifax, Experian, and Transunion.

Which Cars Are Best For Royal Palm Beach Borrowers

The car you should purchase, in terms of price, depends mainly on your income and rate of interest. This chart demonstrates how much the Royal Palm Beach consumer ought to spend based on a monthly income of $4,003, a car payment equal to 8% of this income, and a repayment period of 5 years.

Great Credit Decent Credit Bad Credit
Payment Amount $320 $320 $320
Loan Rate 3.50% 7.00% 11.00%
Years 5 5 5
Money Down $4,401 $4,043 $3,682
Total Interest $1,611 $3,042 $4,486
Total Paid $23,615 $23,258 $22,897
Vehicle Price $22,004 $20,216 $18,411

Select a Car Near You

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