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Auto Loans in Rochester (NY)

Financing a car with poor credit was once nearly impossible. Then we emerged as a market-leader and made it easy to find a bad credit car dealership in Rochester, New York. We know full well the difficulties that Rochester residents with bad credit encounter.

To get going, just complete this simple form, and we will place your application with a car lender or dealership willing to pre-approve you for a car loan, bad credit okay.

Bad Credit Car Dealerships in Rochester, NY

Bad credit doesn’t have to stand in the way of your new car. We work with dealers in Rochester that are prepared to give you a second chance at financing. In most cases, these larger dealerships offer:

  • Interest rates that aren’t astronomical.
  • Down payments that are reasonable.
  • Vehicles that are more dependable.

You may not meet the criteria to finance the newest, hottest car on the lot. Below is an example based on the average per-capita income in Rochester, $1,750 per month:

Credit History Income Factor Amount
Excellent Credit 10 $17,500
Average Credit 9 $15,750
Temporary Bad Credit 8 $14,000
Bad Credit 7 $12,250
Very Bad Credit 6 $10,500

Remember, these are just estimates. You could be eligible to finance a larger or lesser amount. Submit your application to talk with an auto lending expert about how much you can borrow.

The Best APR Rates for Rochester Consumers

Have you bought a car on credit before? Then almost certainly you know rate of interest is equally as essential as price, especially if you want to spend less in the long run. Here’s an example: a $15,750 car loan, repaid in 60 months, would cost you the following:

  • 3.50% APR: $1,441 in interest.
  • 7.00% APR: $2,962 in interest.
  • 11.00% APR: $4,797 in interest.

First of all, uncovering and resolving any errors on your credit report can improve your credit score, and we all know that improved credit equals less expensive rates. Also, taking care of any existing debt can decrease your debt-to-income ratio, thereby reducing your rate of interest. Don’t be tempted into a 72-84 month loan to purchase a more expensive vehicle. The shorter your loan is, the lower your rate will be. Finally, don’t forget that a larger down payment will decrease your loan-to-value ratio (LTV)–yet a final way to reduce your rate.

Rochester Buy Here Pay Here Dealers

Buy here pay here dealers normally work with people with severe credit problems like repossession and bankruptcy. These types of dealerships grant car loans on site, unlike conventional dealers which work with banks and other lenders, and they finance just about everyone.

You’ll find that higher-mileage autos are the only ones for sale, and these aren’t zero down cars. Usually, the down payment is set at the vehicle’s value on the wholesale market. Interest rates that match the New York’s maximum legal limit are common. If maximizing your credit score is important to you, you are better off applying through us, as BHPH dealers won’t help you in rebuilding your credit.

Credit Considerations for Rochester Consumers

If you’ve got poor credit, you’re probably considering ways to boost it. In all actuality, financing a car is among the best ways to boost your credit. A car loan:

  • Provides you with the opportunity to supercharge your payment history (35% of your score).
  • Increases your credit mix, or the array of credit types in your profile (10% of your score).

Overdue payments, on the other hand, can decrease your credit score, and fast! Don’t overlook the merits of an increased credit score. The incentives are wide ranging, and all you’ve got to do is pay your bills each month.

Used Cars in Rochester, NY


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