Get an Auto Loan Quote

Auto Loans in Athens (GA)

Getting an auto loan at a reasonable rate is often the biggest hurdle when purchasing a car. However, we make it much easier get the loan you need. We help you find a lender who can grant you the loan you need at a rate that’s reasonable given your credit. We’ve spent years developing a vast network of lenders and dealers who are prepared to approve you as a client, based on factors like your income, location, and credit record. A vehicle finance specialist will walk you through the approval process, helping you buy the car you want at a tolerable rate of interest. Go here to contact a dedicated finance professional.

Car Loan Athens GA

Athens Car Dealers for Bad Credit

Car dealerships that work with car-shoppers with credit problems are usually known as bad credit car dealerships. Whenever you have less-than-perfect credit, there are certain things to be expected more expensive rates of interest, more substantial down payments, and tighter lending terms. With that being said, they will line up your financing through lenders that report back to the credit bureaus, offering you the ability to repair your credit. We have a great number of dealerships in our network, and they want to get you approved for the car you deserve. Just go here to submit your application.

Documentation That’s Needed

Whenever you purchase a vehicle from a dealership, certain documentation has to be provided, and when you’re suffering from a bad credit score, more than normal could very well be required. Lenders need to know you’re able to drive the car or truck you’re financing, so it’s vital that you have your license. Lenders usually ask for a couple of fairly new paycheck stubs to substantiate your income, but more may be necessary depending on your credit score. Keep in mind that the majority of lenders prefer that you have been working for the same company, or at least in the same industry, for 24 months or longer. Insurance verification is another requirement. You must have collision and comprehensive, not just liability, on this vehicle. Proof of residence can be provided through one of your recent electricity bills or a copy of your lease agreement. Lenders need to be able to locate the vehicle in case it has to be repossessed.

Before you pay a visit to the bank or lender, make certain you have the necessary documentation.

Buy Here Pay Here Car Dealers in Athens, GA

Commonly called in house financing, your job is your credit, or tote the note car lots, these dealerships generally have a few key features:

  • These dealers approve auto loans on site.
  • They don’t require credit checks.
  • They demand weekly or biweekly payments, often at the lot.

A lot of consumers with really horrible credit believe that an in house financing car lot is the only establishment that will finance them, even though there are a variety of negatives:

  • Excessive Annual Percentage Rates
  • In-Person Payments
  • Inability to Improve Credit Score

Creating a Budget for Your Vehicle

Wondering what kind of car you can afford? Take a look at the following estimates, demonstrating how much car the average Athens consumer can afford based on an income of $983 each month, a payment of $79, and a finance term of 5 years.

Exceptional Credit Fair Credit Bad Credit
Payment $79 $79 $79
Interest Rate 3.50% 7.00% 11.00%
Money Down $1,081 $993 $904
Interest Paid $396 $747 $1,102
Total Investment $5,799 $5,711 $5,623
Vehicle Price $5,404 $4,964 $4,521

Used Cars in Athens, GA for Sale

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