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Auto Loans in Asheville (NC)

At Motive Auto Finance, we understand the difficulties that come with getting a car loan, especially if you have bad credit. We allow you to find a bank or dealer that doesn’t deny everyone with less than perfect credit. Sadly, this isn’t unheard of among many banks. We’ve spent years forming a vast network of dealers and lenders that are known for financing individuals with all sorts of credit histories, even people who have issues such as:

  • Bad or no credit.
  • Filing bankruptcy.
  • Foreclosure.

Just apply online, and you could have the loan you need within hours, if not minutes.

Auto Loans Asheville NC

Asheville Car Lots for Bad Credit

Don’t let credit stop you from buying your next car. We can pair you with dealers in Asheville that won’t turn you down, just because your credit isn’t fantastic. As with any bad credit loan, certain things are to be expected:

  • Rates of interest that are steeper.
  • Down payments that are bigger.
  • Loans that are more modest in size.

But keep in mind, the rates and terms are more favorable than you would be given at a buy here pay here dealer. We work with many such dealerships, and when you submit your application, we connect you with one who wants to put you in the driver’s seat.

Documentation Guidelines for Asheville Drivers

When you purchase a vehicle from a dealership, certain paperwork has to be included, and if you have below-average credit, additional documentation may well be required. There are seldom lenders willing to finance an applicant who doesn’t even have a current driver’s license. For proof of income, lenders will want to see a minimum of two recent pay stubs or income tax returns. Proof of insurance is yet another necessity. The North Carolina minimums are inadequate. You’ll need a full coverage insurance policy, including both collision and comprehensive coverage, on your vehicle. A copy of your lease or a previous month’s utility bill will verify your address, so lenders will know where the vehicle will be parked or garaged. Lastly, a list of references will be used by the lender to verify any additional information.

This may sound like a big headache, but in fact it’s pretty simple.

Your Job is Your Credit Dealerships in Asheville, NC

Dealerships in Asheville that advertise buy here pay here financing have several things in common:

  • They furnish car loans directly.
  • They do not check your credit.
  • They demand weekly or biweekly payments, often in person.

A lot of people with very bad credit feel that an in house financing car lot is the only establishment that will finance them. Unfortunately, the rates of interest are more expensive than you’d expect from a regular lender. Additionally, they hardly ever report payments to the credit bureaus, meaning your FICO score won’t improve even if they pay off the loan on time.

Guidelines for Buying a Car in Asheville

If your financial fitness is important to you, your car payment should account for 8-10% of your monthly income. Moreover, as way to decrease finance fees and negative equity, choose a 5-year loan at the maximum. If you follow these guidelines, you will wind up financing a vehicle costing around 50% of what you make on an annual basis (pre-tax). For Asheville residents, having incomes of $16,059 a year, this is $8,028. Unlike a home, a car will not hold its value, so you want to invest as little as you can to bring home a car that is reliable enough to not cause you problems.


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