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Auto Loans in Lenexa (KS)

Across the country, loan providers have imposed stricter acceptance requirements for car financing, and Lenexa is no different. In an effort to assist you, the borrower, we have partnered with car dealers in Lenexa that work with bad credit. To get started, simply complete your credit request, and we will place you with a dealership or lending company who can pre-approve you for a loan.

Lenexa Car Lots for Bad Credit

Car dealers that have special finance offices are sometimes known as bad credit car dealerships. In any bad credit financing scenario, there are certain things to be expected:

  • Steeper rates of interest.
  • Larger down payment requirements.
  • Less costly vehicles.

On the plus side, the experience is better than that of a buy here pay here car lot, and your vehicle will in all probability cost you less in both upfront costs and interest. Here at Motive Auto Finance, we work with many of these dealerships, and they want to get you the car you deserve. Just go here to apply online.

Should You Get a Used Vehicle?

It’s one of the most common questions among our clients: should they buy a new or used car? You can finance a new car for longer, and at a lower rate of interest, but you end up paying far more in terms of purchase price and down payment.

New Car Used Car
Age New 3 Years Old
Price $47,300 $23,650
Down Payment $9,460 $2,365
Loan Rate 5.00% 7.50%
Years 5 4
Monthly Payment $714.09 $514.65
Interest Paid $5,005 $3,418
Total Spend $52,305 $27,068

Buy Here Pay Here (BHPH) Dealers in Lenexa, KS

In House Financing Car Dealers in Lenexa Kansas
Fast Approvals!

Car lots in Lenexa that offer in house financing have certain things in common:

  • These dealers grant car loans on site.
  • They don’t check your credit.
  • They want you to pay them 2-4 times per month, often at the lot.

For folks with terrible credit, Lenexa buy here pay here dealerships in many cases are the only real way to go, even though Kansas bad credit auto loans from banks and credit unions typically come with more affordable rates.

Cars in Lenexa That Fit Your Budget

Wondering what kind of car is in your budget? Not more than 8% of your monthly earnings should be invested in your new payment. To illustrate, Lenexa consumers make, on average, about $4,730 each month, and 8% of this is $378.

Excellent Credit Decent Credit Bad Credit
Income $4,730 $4,730 $4,730
Monthly Payment $378 $378 $378
APR 3.50% 7.00% 11.00%
Money Down $5,200 $4,777 $4,351
Loan Amount $20,801 $19,110 $17,404
Total Interest $1,903 $3,594 $5,300
Total Paid $27,904 $27,481 $27,055
Sticker Price $26,001 $23,887 $21,755

Used Cars in Lenexa, KS for Sale

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