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Auto Loans in Haddon Township (NJ)

For men and women with poor credit scores, finding a car lot in Haddon Township, New Jersey, who will finance them is the greatest hindrance to getting a new car, even if it’s pre-owned. We believe that too many people have been rejected for automobile financing, despite their FICO scores. Here’s how we help our applicants to rise above their credit ratings and get the loan they need:

  1. You apply online.
  2. Our highly developed approval program finds you a car dealer or lender.
  3. Your loan provider contacts you to complete your Haddon Township bad credit car finance deal.

Bad Credit Car Dealers Haddon Township New Jersey

Bad Credit Car Dealers in Haddon Township, New Jersey

Have you thought about where to buy your new car or truck? If you have below-average credit, you typically need to get your car from a dealership, not a private individual, since lenders seldom provide private party loans for people who’ve low credit scores. Thank goodness there are dealers that specialize in below-average credit. Whenever you have bad credit, expect:

  • Much higher APR rates.
  • Much bigger down payments required.
  • Smaller sized loan amounts.

However, the rates and terms are a lot better than you would get at one of Haddon Township’s buy here pay here dealers. We have a great number of dealerships in our network, and they want to get you approved for the car you need. Just go here to submit your application.

Can You Get Financed with No Down Payment?

Not many of us like to spend a load of hard cash in one go, but often it’s necessary to offer a down payment on the vehicle you want to finance, particularly if you have below-average credit. When financing a car, you want to pay it off faster than it depreciates. When the your new car is worth less than you owe, then you’re upside-down on it. A down payment offsets depreciation.

Although there are zero down car deals in Haddon Township, we usually encourage down payments, particularly if you have a low credit score.

Buy Here Pay Here Auto Loans in Haddon Township, NJ

People in Haddon Township go to buy here pay here dealerships, assuming they will only be able to finance a car at such a place. Not so. Generally, dealer financing is indirect, in that car dealers work with various lenders to offer the loans. In contrast, buy here pay here dealers decide who gets approved in-house, usually without a credit check.

Most often, higher-mileage autos are the only thing available, and you may have to pay weekly, at the lot. Repossession rates are extremely high, much like the interest rates. As if that weren’t enough, these car lots rarely report back to the credit bureaus, and that means you could make each and every payment as agreed without a boost to your credit score.

What Car to Buy?

It’s essential that you decide on a car or truck that fits your budget. Take a look at these estimates, which show how much the Haddon Township consumer ought to spend based on an income of $3,179 each month, a payment of $254, and a term of 60 months.

Excellent Credit Okay Credit Poor Credit
Payment $254 $254 $254
Interest Rate 3.50% 7.00% 11.00%
Months 60 60 60
Money Down $3,495 $3,211 $2,924
Borrowed Funds $13,980 $12,844 $11,697
Total Interest $1,279 $2,416 $3,562
Total Investment $18,754 $18,470 $18,183
Purchase Price $17,475 $16,055 $14,621

New And Used Cars for Sale in Haddon Township, NJ

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