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Auto Loans in Statesboro (GA)

Auto financing with bad credit in Statesboro – it’s our specialty. Favorable credit may provide you with more options, but we help you, the borrower, get approved for the auto loan you need. The only thing you have to do is complete this simple form, and we will match you with an auto finance company or auto dealer adviser who’ll work hard to find you an appropriate car loan.

Bad Credit Car Dealerships in Statesboro, Georgia

Bad credit doesn’t have to keep you from the driver’s seat of your new car. We work with dealers in Statesboro that want to get you the loan you need, no matter your credit history. As compared to a BHPH dealer, such dealers can offer:

  • Less owed upfront, as a down payment.
  • Reduced APR rates.
  • Less risk of being the target of predatory lending.
  • Chance to build up your credit.

The dealer will use your credit and income to establish which vehicles you can finance. You’ll want to buy a vehicle that won’t overly tax your finances, with a payment that equates to 10% of your income–any higher, and you’re sure to have issues. For people earning $1,284 a month, the average among Statesboro residents, this equals out to a payment of $128.

An automobile finance consultant is standing by, waiting to determine how much you’re eligible to borrow, and at what interest rate. To get going, all you have to do is apply online.

Choosing a Vehicle: New versus Pre-owned

A great many car-shoppers don’t realize loans can be had for both new and used vehicles. A brand new vehicle drops in value 20% during the first 12 months of ownership, and 50% after 36 months. That’s why you can usually get more for your money by buying used.

New Car Used Car
Years Old 0 3
Price $12,840 $6,420
Down Payment $2,568 $642
Interest Rate 5.00% 7.50%
Term 5 years 4 years
Payment Per Month $193.85 $139.71
Interest $1,359 $928
Total Spend $14,199 $7,348

Statesboro Buy Here Pay Here Dealers

Thinking about BHPH financing on account of bad credit? Normally, there are better alternatives. They may not perform credit checks, meaning your credit problems ought not be a hurdle to getting approved, but you will really pay for this in the long term.

Alas, you will be faced with inflated rates of interest, large down payments, and well-used vehicles that are too expensive given their level of wear and tear. If strengthening your credit score is important to you, you are better off applying through us, as BHPH dealers can’t help you restore your credit.

What Car Should You Buy?

Want to know how much you ought to invest in a car? Check out the examples that follow, which indicate how much the Statesboro consumer ought to spend based on an income of $1,284 per month, a payment of $103, and a repayment term of 60 months.

Great Credit Okay Credit Bad Credit
Monthly Income $1,284 $1,284 $1,284
Payment $103 $103 $103
Interest Rate 3.50% 7.00% 11.00%
Down Payment $1,412 $1,297 $1,181
Total Interest $517 $976 $1,439
Total with Interest $7,575 $7,460 $7,344
Car Price $7,058 $6,484 $5,906

Used Cars in Statesboro for Sale

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