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Auto Loans in Hinesville (GA)

An applicant’s credit ratings are vital when it comes to auto loans in Hinesville. The loan rates associated with bad credit car loans in Hinesville, Georgia, are greatly elevated when compared with those for people with excellent credit, and approval rates aren’t as high as they once were. A good credit record may provide you with more options, but we can help you get approved for the bad credit car loan you need. Here’s how the process works:

3 Steps to Approval
  • Step 1: You can submit your application in less than 60 seconds..
  • Step 2: We leverage a network of innumerable loan providers to place your application.
  • Step 3: Getting approved generally takes only 24 hours.

Bad Credit Car Dealers in Hinesville, GA

It’s best to steer clear of buy here pay here dealerships, which have a reputation for underhanded auto lending. There are big franchise dealerships that work with people who have poor credit, and at that same time offer a much better lending experience. In general, these dealers offer:

  • Interest rates that aren’t excessively high.
  • Down payments you can afford.
  • Vehicles that are more dependable.

You may not be eligible to finance the more expensive cars on the lot. With less-than-perfect credit, you can borrow 6 to 8 times your monthly income. For residents of Hinesville making $1,358 per month, this is $8,148 to $10,864. That being said, you’d be smart to borrow less than you can, restricting your monthly payment to only 10% of your income–$136, in this case.

A dedicated lending consultant can help you determine how much you’re qualified to borrow, and at what rate of interest. If you’d like to talk with one, be sure to apply online.

Documentation Requirements for Hinesville Consumers

The paperwork you will need to provide when financing a car varies, but there are a few things that will be required no matter what. Essential documentation is likely to include:

  • Personal Identification
  • Proof of Incomeand Residence
  • Personal References

It is important to ask your auto finance specialist what documentation is needed by the lending company who approves your credit.

Buy Here Pay Here Auto Loans in Hinesville, Georgia

Buy here pay here dealers usually work with people who’ve got major credit problems such as bankruptcy and repossession. A lot of dealer financing is sourced elsewhere, in that car dealers go through banks and lenders with whom they have relationships to fund the loans. On the other hand, buy here pay here dealers provide auto loans themselves.

Downsides include:

  • Outrageous APR Rates
  • Exorbitant Down Payments
  • Overpriced Autos
  • GPS Tracking Devices

If improving your credit score is important to you, and why wouldn’t it be, you are better off applying through us, as buy here pay here dealerships won’t assist you in improving your credit.

What Car to Buy?

It is important to opt for a car or truck that fits your budget. Take a look at the scenarios that follow, displaying how much the Hinesville consumer ought to spend based on an income of $1,358 per month, a car payment equal to 8% of this income ($109), and a repayment term of 5 years.

Excellent Credit Decent Credit Bad Credit
Payment Amount $109 $109 $109
Interest Rate 3.50% 7.00% 11.00%
Months 60 60 60
Money Down $1,493 $1,372 $1,249
Borrowed Funds $5,972 $5,487 $4,997
Total Interest $546 $1,032 $1,522
Total Paid $8,011 $7,890 $7,768
Sticker Price $7,465 $6,858 $6,246

Used Cars in Hinesville for Sale

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