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Auto Loans in Zephyrhills (FL)

Your FICO score is a major factor when financing a car, and fewer car-shoppers have been getting financed thanks to recession. It’s necessary to work with a lending company that is receptive to your credit and finances. We’ve spent years forming an extensive network of dealers and lenders that can get you into the car you need. Your vehicle finance agent will allow you to:

  • Check loans.
  • Select your lending company.
  • Pick out a new or pre-owned car.

Go here to contact a dedicated finance professional.

Bad Credit Car Dealerships in Zephyrhills, FL

Damaged credit has been on the rise in Florida, largely as a result of the economic crisis, and many dealerships now have finance departments specializing in subprime auto lending. In any subprime financing arrangement, there are certain things to be expected increased rates of interest, larger down payments, and shorter lending terms. On the plus side, they will arrange your financing through banks and finance companies that report back to the credit bureaus, providing you with the ability to re-establish your credit. We work with many of these dealerships, and when you submit your application, we can connect you with one who wants to approve your credit.

Is it Advisable to Purchase a New Car or Truck?

New and used cars each offer unique advantages. Most of the time, a pre-owned car is the way to go. The APR rates for new cars are lower, but pre-owned cars are significantly less expensive.

New Car Used Car
Years Old 0 1
Price $19,870 $14,903
Down Payment $3,974 $1,490
Interest Rate 5.00% 7.50%
Months 60 48
Payment $299.98 $324.29
Interest $2,103 $2,154
Total Expenditure $21,973 $17,056

Buy Here Pay Here Car Dealers in Zephyrhills, FL

Maybe you’ve thought of getting approved through a buy here pay here car lot in Zephyrhills? These kinds of Zephyrhills in house financing car dealerships offer financing directly, typically without checking the applicant’s credit. Considering they don’t rely on a standard bank or finance company for approval, they’re able to service a broad variety of consumers.

If you have horrible credit, Zephyrhills in house financing dealerships are sometimes the only real way to go. But bear in mind, there are several drawbacks:

  • Excessive Annual Percentage Rates
  • In-Person Payments
  • High Risk of Repossession

Financing Recommendations for Zephyrhills Car-Shoppers

Make sure you spend just 10% of your monthly income for your car payment. Also, to minimize interest and negative equity, go with a 5-year repayment term at the very most. If you follow these guidelines, you will wind up financing a vehicle that costs around half of what you earn annually. If you make $23,839 a year, the average for residents of Zephyrhills, you would buy a $11,922 car. New cars, unless they have collector value, are not good investments, given how fast they lose value, which means you should invest the minimum amount you can and still obtain a reliable car.

Find a Car from a Dealer in Zephyrhills

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