Get an Auto Loan Quote

Auto Loans in Hyde Park (MA)

Before the internet, you had no choice but to lender after lender, applying for loans in person. Here at Motive Auto Finance, we have made it much easier to secure the auto loan you need. Our expertise in the field is unmatched, which means we can help applicants get pre-approved for financing, even if their credit isn’t perfect. Let us match you with a lending specialist who can help you obtain the car loan you need for the vehicle you desire.

Bad Credit Car Dealers in Hyde Park, MA

Those dealerships in Hyde Park that provide loans on site advertise themselves as in house financing car dealers, buy here pay here car lots, or tote the note lots. Your best bet is to find a dealership that can offer you a bad credit Hyde Park auto loan through an authorized lender. In any subprime lending scenario, you can expect increased rates of interest, more substantial down payments, and more exacting repayment terms. With that being said, the experience is far superior to that of a buy here pay here dealer, and your vehicle will likely cost you less in both upfront costs and interest. We have many of these dealers in our network, and they want to get you the car you deserve. Go here to submit your application.

Documentation Details

As a way to reduce the risk of issues like fraud, lenders are required to validate things such as who you are, as well as your place of employment and residence. Typically, your lender or dealer will require the following:

  • Driving License
  • Proof of Employmentand Residence
  • Contact Information of Personal References

When you submit your application, we match you with a lending consultant who’ll be able to provide the details for you.

In House Financing Dealers in Hyde Park, MA

Maybe you’ve wondered about getting financed at a buy here pay here dealer in Hyde Park? These types of Hyde Park bad credit dealers don’t depend on banks or credit unions to fund their loans, so they can service a wider range of customers. If you’ve got horrible credit, Hyde Park buy here pay here dealerships in many cases are the only real option, despite the fact that there are quite a few drawbacks:

  • Elevated Rates Of Interest
  • Big Down Payments
  • High Risk of Repossession

How Much to Spend on a Car

More often than not, you’ll be able to finance a higher priced car than you can actually afford. Avoid spending greater than 8% of your monthly income on your car payment. For a consumer making $2,215 per month, the Hyde Park average, this is $177.

Good Credit Decent Credit Poor Credit
Monthly Income $2,215 $2,215 $2,215
Car Payment $177 $177 $177
APR 3.50% 7.00% 11.00%
Money Down $2,435 $2,237 $2,037
Interest Paid $891 $1,683 $2,482
Total Investment $13,067 $12,869 $12,669
Car Price $12,176 $11,186 $10,187

Used Cars in Hyde Park, MA

Zipcode Make Model Minimum Price Maximum Price Condition
Total Records Found: , showing 5 per page

No Records found