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Auto Loans in Carrollton (GA)

Financing a car is a choice you have to live with for many miles to come, but if you come at the financing process properly, you will save a lot of money in the long run. Our experience in the field is unrivaled, and that means we can help applicants of every type of credit and budget. We connect you to a financing expert who can assist you step by step through the process.

Auto Loans Carrollton GA

Bad Credit Car Dealerships in Carrollton, Georgia

If you are trying to find a car dealer in Carrollton that funds loans for people with low credit scores, you’re in luck. In any subprime lending arrangement, certain things are to be expected:

  • Rates of interest that are steeper.
  • Down payments that are larger.
  • Repayment periods that are shorter.

On the plus side, the experience is superior to that of a buy here pay here dealer, and your vehicle will cost you less in the end. There are many of these dealerships in our network, and they want to get you the car you want. Go here to submit your application.

Can You Get Financed without a Down Payment?

Few people enjoy spending a load of money at any one time, but oftentimes it’s necessary to make a down payment on the vehicle you are financing–this is especially the case if you’ve got below-average credit. A down payment affords you multiple benefits:

  • Reduces the length of time you’ll be underwater.
  • Loan size is minimized, meaning less paid in interest.
  • Lower loan-to-value ratio, resulting in a more affordable APR.

We might be able to help you finance a car in Carrollton with no down payment, particularly if you intend to trade in your existing vehicle. Apply online to talk with a qualified lending specialist and learn about your options.

Buy Here Pay Here (BHPH) Dealers in Carrollton, GA

Carrollton Buy Here Pay Here

Maybe you’ve thought of getting your car loan at a buy here pay here car dealer in Carrollton? These types of dealerships don’t depend on banks or other lenders to approve people for financing, so they’re able to assist an extensive array of clientele. Countless people with really terrible credit assume that an in house financing car lot is the only establishment that will approve their credit. But bear in mind, there are a variety of drawbacks:

  • Excessive Loan Rates
  • In-Person Payments
  • High Risk of Repossession

What’s the better alternative? Working with us, of course! When you apply through us, we can often get your application approved by a dealer or lender in your area who finances people with credit scores of 630 and lower. These are companies that actually report payments to the credit bureaus, giving you the opportunity to rebuild your credit as you pay off your vehicle. They are likely to impose lower interest rates and more relaxed repayment terms.

Budgeting for Your New Car

The right car, price-wise, will be based mainly on your income and APR. To place yourself in the strongest position money-wise, spend, at most, roughly 8% of what you make each month on your loan payment. For a consumer making $1,307 per month, the Carrollton average, this is $105.

Good Credit Decent Credit Poor Credit
Income Per Month $1,307 $1,307 $1,307
Monthly Payment $105 $105 $105
Rate 3.50% 7.00% 11.00%
Down Payment $1,437 $1,320 $1,202
Loan $5,748 $5,280 $4,809
Interest Paid $526 $993 $1,465
Total Investment $7,711 $7,594 $7,476
Purchase Price $7,185 $6,601 $6,011

Cars in Carrollton

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