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Auto Loans in Charleston (SC)

Your credit score is particularly important when shopping for a car, and acceptance rates have declined since the economic downturn. We allow you to find a lender or dealer who has experience financing people with less than perfect credit. We have established an unrivaled network of dealers and finance companies who are able to finance people who’ve got lots of different credit scores, even those who’ve issues such as:

  • Bad credit.
  • Bankruptcy.
  • Foreclosure.

An auto finance expert will be right there to guide you, helping you line up your financing before you ever enter the dealer showroom. Visit here to get approved.

Auto Loans Charleston SC

Bad Credit Car Dealers in Charleston, SC

If you are trying to find an auto dealer that offers car loans for bad credit, you’ve come to the right place. Since this is a high-risk loan, you can expect elevated rates of interest and bigger down payments, plus smaller loans. Having said that, it’s better than any alternative, and if you make your payments on time and in full, you can raise your credit score as well. There are many of these dealers in our network, and you can get pre-approved by applying online.

Buying a Car in Charleston with Zero Down Payment

A down payment is often a challenge, but for people with less-than-perfect credit, it’s sometimes necessary. A down payment provides multiple benefits:

  • Reduced negative equity.
  • Lesser loan amount, so less paid in interest.
  • Reduced lender risk, which means a more affordable rate of interest.

Even though we may be able to get you a car loan in Charleston with no down payment, we typically encourage down payments, in particular when you’re paying a higher-than-average .

Charleston Buy Here Pay Here Dealers

People young and old in Charleston and across South Carolina turn to buy here pay here dealers, sometimes known as in house financing car lots, thinking that they will only be able to finance a car at a place like this. Not so. Dealers like these will finance just about anybody, regardless of their credit, but you will find negatives. Drawbacks include:

  • Inflated Finance Fees
  • Exorbitant Down Payments
  • Overpriced Autos
  • Ignition Kill-Switches

There is a reason why these dealerships have a lousy track record. We want to place you with dealer finance professional who can get you financed, even if you’ve had to file bankruptcy.

Recommendations for Buying a Car in Charleston

In regards to the monthly payment on your car, it’s best not to spend more than 10% of your monthly income. Be cautious, though, that you don’t undermine your sensible budgeting with exceedingly protracted financing, which may result in more interest and negative equity. Instead, aim to repay your loan with the shortest term as possible. This means a car which costs around half of what you get paid per year. In Charleston, where the average income is $18,428 per year, the average consumer would buy a vehicle which costs approximately $9,216. Ultimately, the less you’re able to spend on a solid car or truck, the better.

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