If you’re looking to purchase a new car, you probably need a car loan. For years, we’ve been securing relationships with dealers and lenders across the nation, and we have specialists ready and willing to fund your loan. You will enjoy the convenience of having a devoted finance expert to answer any questions you have and arrange your loan.
Bad Credit Car Dealers in Norcross, GA
If you have a bad credit score, dealer financing is usually the only option you have, since most banks will be unwilling to work with you. There are dealers, however, that want to win your business. In most cases, these types of dealers offer:
- Manageable interest rates.
- Realistic down payments.
- Lower mileage vehicles.
The dealer will assess your credit and income to decide the cars you can finance. It is wise to choose a reasonably priced, dependable vehicle having payments amounting to 10% of your income–at the most. For people making $2,103 on a monthly basis, the average among Norcross residents, this comes to a payment of $210.
An auto lending professional will determine how much you’re eligible to borrow, and at what rate of interest. If you’d like to chat with one, be sure you submit your application.
Do You Need a Down Payment?
Hoping to purchase a car, but you haven’t got the cash for a down payment? A down payment will bring down your LTV (loan-to-value) ratio by lowering the amount borrowed in relation to the value of the vehicle–thereby resulting in a reduced annual percentage rate.
While we might able to get you an auto loan in Norcross with no money down, we normally encourage down payments.
Buy Here Pay Here Dealers in Norcross, Georgia
People in the BHPH industry wants you to believe that you don’t have any alternative but them, yet this typically isn’t the way it is. Generally, dealer finance is outsourced, in that dealers work with off-site banks and lenders to deliver the loans. On the other hand, buy here pay here dealers decide who gets approved on location, generally without a credit check.
Sadly, you will be faced with high rates of interest, massive down payments, and well-used vehicles that are overpriced. If bettering your credit score is important to you, you should submit your application through us, seeing as buy here pay here dealerships won’t aid you in raising your credit.
Having a Budget for Your Vehicle
Wondering how much you should devote to a car? A maximum of 8% of your monthly earnings ought to be devoted to your new payment. If you’re a resident of Norcross and earn $2,103 a month, this would be $168.
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