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Auto Loans in Elmhurst (NY)

Have you been rejected for an auto loan in Elmhurst on account of credit problems? So as to aid you, the applicant, we work with auto dealers in Elmhurst that take people with low credit scores.

On a daily basis, we help consumers get a car financed regardless of hurdles such as:

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  • Subprime Credit
  • Minimal Credit
  • Bankruptcies
  • Foreclosure
  • Repossession
  • Unsecured Debt

This is our specialty. Ready to get cracking? Go here to submit your application.

Elmhurst Car Dealers for Bad Credit

If you suffer from unfavorable credit ratings, dealer financing is generally your best option, seeing as most banks won’t be able to finance you. Having said that, there are dealers who want to work with you. In any sub-prime lending arrangement, expect increased interest rates and larger down payments, together with smaller loans. Having said that, the experience is superior to that of a buy here pay here car lot, and your vehicle will cost you less in both upfront costs and interest. At Motive Auto Finance, we work with many of these dealerships, and you can get pre-approved by applying online.

No Down Payment Car Loans in Elmhurst?

Are you hoping to purchase your car with zero down payment? When you buy a car, you want to pay it off faster than it depreciates. If the car is worth less than what’s owed on it, then you are the wrong way up on the loan. A down payment offsets depreciation. We could possibly get you a car loan with zero down, but typically a down payment is just common sense.

Buy Here Pay Here Car Lots in Elmhurst, New York

Maybe you’ve considered heading to a buy here pay here dealer for approval? Ordinarily, there are more attractive alternatives. Such dealers offer car loans on site, in contrast to conventional dealers which make use of banks and other lenders, and they regard your job as your credit.

Cons include excessive annual percentage rates and down payments, not to mention overpriced vehicles and bimonthly payments If bettering your credit score is important to you, you are better off applying through us, as BHPH dealerships won’t assist you in restoring your credit.

How Much You Should Pay for a Car

It’s important that you decide on a car or truck that won’t overburden your budget. Only about 8% of your monthly earnings ought to be allocated to your loan payment. For people living in Elmhurst, with an average income of $2,423, this is $194.

Prime Credit Okay Credit Poor Credit
Monthly Installment $194 $194 $194
Interest Rate 3.50% 7.00% 11.00%
Down Payment $2,664 $2,447 $2,229
Total Interest $975 $1,841 $2,715
Total Investment $14,294 $14,078 $13,859
Purchase Price $13,319 $12,237 $11,144


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