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Auto Loans in Wilmington (NC)

Financing a car became much trickier after the economic crisis, but we help people in Wilmington get approved each and every day. It’s best to find a bank or dealer that doesn’t just reject everyone with poor credit–unfortunately, this isn’t unheard of among a lot of banks. Over the years, we’ve developed an unparalleled network of lenders and dealers that want to approve your loan, even if your credit score isn’t as high as you’d like it to be. An auto finance specialist will help you:

  • Check loans.
  • Select your lender.
  • Make an appointment to purchase your vehicle.

Visit here to apply online.

Bad Credit Car Dealerships in Wilmington, NC

Bad credit doesn’t have to stand in your way when it comes to your next car. We have access to dealers all across North Carolina that are able to give you a second chance at financing. Since this is a high-risk loan, you can expect elevated interest rates and bigger down payments, combined with shorter repayment periods. However, the rates and terms are a lot better than you would get at a used lot that does in-house financing with no credit checks. We work with many of these dealerships, and they want to get you in the driver’s seat of the car you deserve. Just go here to submit your application.

Should You Finance a Brand New Vehicle?

Both used and new cars can be purchased through us. Since new cars depreciate so fast, used vehicles are often a better value.

New Car Pre-owned Car
Years Old 0 1
Price $17,420 $13,065
Down Payment $3,484 $1,307
APR 5.00% 7.50%
Duration 60 months 48 months
Payment $262.99 $284.31
Finance Fees $1,843 $1,888
Total Paid $19,263 $14,953

Buy Here Pay Here Dealers in Wilmington, NC

The BHPH industry hopes you think that they are the only ones that will finance you. However, this generally isn’t the way it is. Yes, they rarely perform credit checks, so your credit problems ought not be a barrier, but you really pay for this in the long term.

You will find that used cars and trucks are the only thing you can buy, and you may need to pay weekly, at the lot. Repossession frequently occurs, and the rates of interest are judged extortionate by many consumer agencies. Is boosting your credit a priority for you? If so, you should apply online through us, as buy here pay here car lots will not help you strengthen your credit.

Financing Guidelines for Wilmington Car-Shoppers

Divide the amount you earn each month, before taxes, by ten. It’s best to spend this much, at most, on your car payment each month. At the same time, finance your new car or truck for not more than 60 months. This means a car which costs roughly 50% of your annual income. Here in Wilmington, where the average income is $20,907 annually, the average consumer would buy a vehicle that costs roughly $10,452. All in all, the less you’re able to spend to obtain a trustworthy vehicle, the better.

Used Cars in Wilmington for Sale

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