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Auto Loans in Grants Pass (OR)

Auto financing with bad credit used to be almost impossible – until we became an industry-leader and revolutionized the entire process. Given how many banks and lenders in Grants Pass are still unable to help people with a bad credit score, it could take some time to find a finance company who can accept you for financing. Luckily, we offer a proprietary system for auto financing acceptance developed with subprime credit in mind. Here’s how we enable our customers to overcome their bad credit and obtain auto loan they need:

3 Easy Steps
  1. You, the applicant, fill out an application.
  2. Our highly developed placement software finds you a lender.
  3. Your auto lender calls or emails you about completing your bad credit automotive financing deal.

Grants Pass Car Lots for Bad Credit

These days, many dealerships have finance departments that specialize in financing people who have poor credit. Since this is a high-risk loan, certain things are to be expected elevated interest rates and larger down payments, combined with shorter repayment periods. With that being said, the rates and terms are far superior to what you would get at one of Grants Pass’s buy here pay here car lots. Here at Motive Auto Finance, we work with many such dealerships, and they want to get you in the driver’s seat of the car you need. Go here to submit your application.

Buying a Car in Grants Pass with Nothing Down

Do you have a down payment saved for your new car? One might be required. If you’re unable to provide any money down, a second-hand car or truck might be what you want. Check out this example.

New Car 1 Year Old Car 2 Year Old Car 3 Year Old Car
Percentage of Initial Value 100% 75% 60% 50%
Price $19,060 $14,295 $11,436 $9,530
Percentage 20% 10% 10% 10%
Down Payment $3,812 $1,430 $1,144 $953

It isn’t impossible to get an auto loan in Grants Pass with no money down, especially if you have your old car or truck to trade in. Submit an application online to speak with a qualified finance consultant for more details.

Buy Here Pay Here Dealers in Grants Pass, OR

Sometimes referred to as in house financing, your job is your credit, or tote the note car lots, these businesses typically have a few principal features. They…

  1. Offer car loans without 3rd party funding.
  2. Rarely check your credit.
  3. Want you to make payments each week, often in person.

Sometimes people with really terrible credit assume that a buy here pay here car lot is the only real place that will finance them, even though the interest rates are much higher than you’d be given by a traditional lender. Aside from that, they hardly ever report payments to the credit reporting agencies. This means your credit rating will not increase as a result of the loan.

Having a Budget for Your New Car

It is important to go with a vehicle that fits your budget. You really want to spend, at the most, roughly 8% of your monthly income on your new payment. For the Grants Pass consumer earning $1,906 a month, the city average, this would be $152.

Excellent Credit Decent Credit Subprime Credit
Income $1,906 $1,906 $1,906
Monthly Payment $152 $152 $152
Rate 3.50% 7.00% 11.00%
Money Down $2,095 $1,925 $1,753
Total Interest $767 $1,448 $2,136
Total with Interest $11,244 $11,074 $10,902
Vehicle Price $10,477 $9,626 $8,766


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