Get an Auto Loan Quote

Auto Loans in Griffin (GA)

Financing a car was easy prior to the recession, but times have changed. We allow you to find a lender or dealer who has your best interests in mind. We’re very proud to offer access to an unrivaled network of lenders and dealers that are helping people restore their credit through financing.

An auto finance professional will be right there to guide you, helping you compare rates of interest and get your loan. Go here to apply online.

Car Loan Griffin GA

Griffin Dealerships That Take Bad Credit

You’ll want to keep away from buy here pay here car dealers, known as they are for deceitful auto lending. There are larger, more well-respected dealerships that arrange loans through banks and credit unions. In most cases, these dealers offer:

  • Interest rates that are reasonable.
  • Down payments based on the vehicle’s value.
  • Vehicles that have fewer maintenance issues.

The dealer will consider your credit and income to establish the models you’ll be able to finance. We recommend you consider a highly affordable, reliable vehicle that has payments amounting to 10% of your income–at maximum. For people making $3,122 on a monthly basis, the average in Griffin, this equals out to a payment of $312.

A finance specialist is standing by, waiting to determine how much you’re qualified to borrow, and at what rate. In order to talk to one, make sure to apply online.

Can You Get Financed without a Down Payment?

Do you have a down payment saved for your new car? If not, it might be trickier to get financed, but not impossible. Whenever getting a car financed, you want to owe less than the value of the vehicle. If the your car or truck loses value faster than you can make payments, then you’re the wrong way up on the loan. A down payment combats depreciation.

For applicants with less-than-perfect credit, it’s often difficult to finance a car with no down payment. Be that as it may, keep in mind that your trade allowance could help you make your down payment.

Tote The Note Car Dealers in Griffin, GA

Have you wondered about getting financed at a buy here pay here dealership in Griffin? These types of Griffin in house financing car dealerships supply financing directly, usually without even performing a credit check. Seeing as they don’t depend on a bank or credit union for approval, they’re able to help a diverse variety of shoppers.

If you have terrible credit, such “in house financing” car dealers may seem in many cases like the only real option. But the truth is, the interest rates are more expensive than a loan from the bank or credit union, and the cars are typically:

  • High-mileage
  • Over-priced
  • Un-warrantied

Big down payments are typically required, at least 30% of the vehicle purchase price. At the same time, buy here pay here dealers in Griffin and elsewhere rarely report payments to the credit agencies, which means your FICO score won’t increase even if they pay off the loan on time. Your best bet is to work with a dealer, credit union, bank, or lender who funds loans for subprime customers in the traditional fashion. That means they report payments to the credit agencies, enabling you to rebuild your credit, while charging more competitive interest rates. They are more heavily regulated than BHPH dealers, meaning you will be at less risk of abusive tactics, and overall you’ll have a much improved financing experience. We can help connect you with such a lender when you apply online.

Financing Recommendations for Griffin Consumers

It is wise to devote no greater than 10% of your monthly income for your car payment. Simultaneously, you don’t want to finance for longer than 60 months. With this payment and finance term, you will be getting a car which costs around half of what you earn annually (pre-tax). For Griffin residents with incomes of $37,462 per year, this is a car that costs $18,732. Broadly speaking, the less you can spend on a trustworthy vehicle, the better.

Used Cars in Griffin for Sale

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