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Auto Loans in Massillon (OH)

Have you been declined by a dealership in Ohio because of poor credit? In an effort to aid you, the buyer, we have partnered with a wide range of bad credit car dealerships in Massillon and across Ohio.

All you have to do is complete your credit request. We will connect you to an auto lending company or dealership professional who will work hard to find you an appropriate auto loan.

Bad Credit Car Dealers in Massillon, OH

These days, many dealerships have finance departments dedicated to subprime financing. Any time you have below-average credit, certain things are to be expected steeper interest rates, more substantial down payments, and shorter length loans. On the plus side, the experience is far better than that of a buy here pay here dealer, and your vehicle will in all probability cost you less in the end. We have many such dealerships in our network, and you can find one willing to get you approved by submitting your application.

Verification Guidelines for Massillon Car Loans

When you go to choose your car, you’ll be asked to supply some required documentation.

  • License or Permit: If you haven’t got a license, it’s likely that most lenders won’t be willing to work with you.
  • Proof of Income: Pay stubs allow your lender to confirm the income stated in your application.
  • Proof of Insurance: Liability coverage isn’t satisfactory, not on a vehicle that’s financed. Lenders require you to buy and maintain comprehensive coverage, and if quit paying your premiums, they have the right to obtain coverage and add the premium to your monthly payment.
  • Proof of Residence: A power bill confirms your place of residence.
  • References: These enable lenders to check the information provided in your application.

When you contact an auto lending expert, they will tell you exactly which documents to bring.

Massillon Buy Here Pay Here Dealerships

People young and old in Massillon turn to buy here pay here dealerships, thinking that they will only be able to get approved without a credit check. Not true. Yes, they do not carry out credit assessments, which means your credit problems shouldn’t be a barrier, but you really pay for this down the road. Unfortunately, you should be prepared for excessive interest rates, big down payments, and somewhat battered vehicles that are overpriced. And if that weren’t a problem, these dealerships very rarely report to the credit reporting agencies, and that means you could make every single payment in a timely manner without a lift in your FICO score.

What Car Should You Buy?

The car you should go with, price-wise, will be based on your income and APR. No more than 8% of your income each month should be put toward your car payment. If you’re a resident of Massillon and earn $2,175 each month, this would be $174.

Excellent Credit Decent Credit Bad Credit
Monthly Payment $174 $174 $174
Rate 3.50% 7.00% 11.00%
Months 60 60 60
Money Down $2,391 $2,197 $2,001
Borrowed Funds $9,565 $8,787 $8,003
Total Interest $875 $1,653 $2,437
Total with Interest $12,831 $12,637 $12,441
Car Price $11,956 $10,984 $10,003

Zipcode Make Model Minimum Price Maximum Price Condition
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