Getting a car financed became a good deal more challenging after the economic crisis, but we help people in Saint Joseph get approved everyday. We help you find a lender or dealer that can provide you with the loan you need at a rate that’s fair given your credit. For years, we’ve been building an unrivaled network of lenders and dealers who can accept your credit online, resulting in any number of advantages:
- Quicker funding.
- Improved bargaining power.
- More confidence in the dealer showroom.
Go ahead and apply online, and we’ll do our very best to find you a company in Saint Joseph able to offer you the loan you need.
Bad Credit Car Dealers in Saint Joseph, MO
If you’re trying to find an auto dealer in Saint Joseph that funds loans for consumers who’ve got poor credit, you’re in luck. Whenever you have less-than-perfect credit, you can expect elevated rates of interest and higher down payments, combined with smaller loans. But keep in mind, 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 work with many of these dealerships, and when you apply online, we work hard to connect you with one who wants to accept you for financing.
No Money Down Cars in Saint Joseph
A down payment may be an inconvenience, but for people who have bad credit, it might be a necessity. Banks and finance companies like you to supply money upfront, since doing so will lower risk inherent in the loan, which means a more affordable rate of interest.
We could possibly help you finance a car in Saint Joseph with no money down, but typically a down payment is just common sense.
Buy Here Pay Here (BHPH) Car Dealers in Saint Joseph, MO
Maybe you’ve thought of getting approved through a buy here pay here car dealer in Saint Joseph? Such Saint Joseph bad credit car dealerships supply financing themselves, often with no a credit check. Seeing as they don’t rely on a traditional bank or finance company to approve the applicants, they’re able to work with a larger range of customers.
Sometimes consumers with really bad credit believe that an in house financing car lot is the only establishment that will approve their credit. But the truth is, the cost of your car or truck will be higher due to exorbitant annual percentage rates, plus chances are your credit rating won’t improve since these dealers have no relationship with the credit agencies.
Financing Guidelines for Saint Joseph Residents
Here’s a great general rule: not more than 10% of the income you earn every month should be spent on your loan payment. To prevent negative equity and exorbitant finance fees, choose a repayment term of 60 months or less. This will translate to a car or truck that costs approximately 50% of your annual income. For Saint Joseph residents with incomes of $25,758 per annum, this is a vehicle that costs $12,882. Take note, this is at the upper end of what you should budget. A number of authorities propose investing just 10-30% of your income for any car you buy.