Getting your credit approved is typically the largest obstacle to buying a new car, but we can put you in the express lane to success. It’s essential to find a dealer or lender that caters to people with your type of credit, no matter the score. We have spent years building a vast network of dealers and finance companies who are experts in financing individuals with lots of different credit histories, even people who have:
- Subprime credit.
- Limited credit.
- Zero down payment.
Simply apply online. You will be paired with a finance expert from a dealer or lender in your area.
Bad Credit Car Dealers in Billings, MT
If you are looking for a car dealer that is receptive to people with low credit scores, your search is over. As with all subprime loans, you can expect:
- Increased rates of interest.
- More money owed upfront.
- Stricter repayment conditions.
However, it’s better than not having a new car at all, and if you make your payments on time and in full, you can boost your credit score by the time your vehicle is paid off. We work with many of these dealerships, and they want to get you the car you need. Just go here to apply online.
Should You Buy a New or Pre-owned Vehicle?
Used and new cars each offer their own merits. Brand new vehicles have more affordable rates of interest. That said, they cost much more than their used brethren, and they require bigger down payments.
|New Car||Used Car 1||Used Car 2||Used Car 3|
|Age||New||1 year old||2 years old||3 years old|
|Payment Per Month||$157.46||$170.23||$136.18||$113.48|
Buy Here Pay Here Dealers in Billings, MT
Buy here pay here dealers normally help people who have severe credit problems like:
- Chapters 7 or 13
- Asset Repossession
- Debt Settlement
A lot of dealer financing isn’t direct to the consumer, as dealers go through off-site banks and lenders to supply the loans, but buy here pay here dealers provide car loans themselves.
You will see that used autos are the only thing available, and dealers may expect you to have a GPS unit placed in your vehicle. Rates of repossession are high, and so are the interest rates. If elevating your credit score is important to you, you are better off applying through us, seeing as buy here pay here dealerships can’t help you rebuild your credit.
Financing Guidelines for Billings Consumers
When you finance a car, no more than 10% of your monthly income should be dedicated to your car payment. In addition, it’s not smart to get a loan for over 60 months. This will translate to a car which costs roughly half of what you get paid annually. Say you make $12,517 per annum, the average in Billings, this would equate to a $6,258 vehicle. Bear in mind, this is the maximum you ought to budget. A number of professionals advise ponying up even less, just 10-30% of your income for a car.