Are you ready to buy a car with a low credit score? We work with dealers and auto finance companies who grant car loans for people with bad credit in Fort Stewart on a regular basis. All you need to do is send us your application. We will place your application with a dealership or finance company adviser who will make every effort to get you the right auto loan.
Bad Credit Car Dealerships in Fort Stewart, Georgia
Don’t let credit stop you from buying your next car. We work with dealers in Fort Stewart that want to get you behind the wheel, no matter what your credit score is. In any non-prime lending arrangement, certain things are to be expected:
- Elevated rates of interest.
- More money down required.
- More stringent lending terms.
On the plus side, they will arrange your financing through banks and finance companies that report back to the credit agencies–a requirement if you want to strengthen your credit score. There are a great number of dealerships in our network, and they want to get you the car you want. Just go here to apply online.
Verification Guidelines for Fort Stewart Auto Loans
In order to avoid any surprises, be sure you bring all of the documentation necessary when you buy your car. You’ll want to bring your license. You’ll need it for test-driving various models, and it is a way to verify your identity. Lenders usually require you to provide your two latest pay stubs to verify your income, but more could be called for depending on your credit score. Have you been employed by the same company for a year or longer? This indicates stability. Next is insurance. Comprehensive and collision (full) coverage is a requirement on dealer and lender-financed vehicles, though you’ll be able to buy this once you’ve selected your vehicle. Proof of residence can be provided by submitting a few recent electric bills or a copy of your lease contract. Lenders need to be able to locate the vehicle in case they need to repossess it. required if you have bad credit.
When you speak to your dedicated lending consultant, they will tell you exactly which documents are needed.
Buy Here Pay Here Financing in Fort Stewart, GA
Many people head for buy here pay here auto lots, believing they can only get approved at a place like this. Not so. These types of dealers provide auto loans directly, unlike traditional dealers which work with banks and finance companies, and they typically don’t do credit checks. Unfortunately, you should expect exorbitant annual percentage rates, high down payments, and somewhat battered vehicles that are too expensive given their condition. If maximizing your credit score is important to you, you should contact a vehicle finance specialist through us, seeing as buy here pay here dealers will not help you boost your credit.
Financing Guidelines for Fort Stewart Consumers
Concerning setting your monthly payment, it’s best not to spend more than 10% of what you make on a monthly basis. On top of that, plan to repay your loan in not more than 5 years. This will translate to a vehicle that costs about 50% of your yearly income. If you have an income of $21,723 annually, the average in Fort Stewart, you would buy a $10,860 car. A car is a depreciating asset, so you’ll want to spend as little as you can to bring home a car that isn’t going to have you in need of a tow truck.