Need to finance a car in Greer, South Carolina, with poor credit or zero down? With countless South Carolina finance companies declining people that have bad credit, it could take a long time to find a lender the old-fashioned way. Fortunately, we are happy to lend a hand.
To get going, all you’ve got to do is complete your credit request. We will place you with an auto loan provider or car dealership adviser who’ll work hard to find you the ideal car loan.
Bad Credit Car Dealerships in Greer, SC
For people with adverse credit, dealer financing is typically the way to go, because most all the banks will be unwilling to do business with you. Having said that, there are dealers who have finance specialists in-house, waiting to get you financed. Unlike buy here pay here dealers, these dealerships offer:
- Acceptable APR rates.
- Lower down payments.
- Lower mileage vehicles.
The dealer will assess your credit and income to see which models you’re qualified to finance. If you want to reduce the risk of late payments or repossession, buy an economical, efficient vehicle with payments of just 10% of your income–no more. For people who earn $2,711 per month, the average in Greer, this translates to a payment of $271.
Apply online to have a finance specialist confirm how much car you can afford.
Proof of Income for Greer Consumers
So they can combat fraud, lenders must validate things such as your identiity, where you work, and where you live. Typically, your dealer or lender will want to see the following:
- Driver’s License
- Proof of Income
- Proof of Insurance coverage
- Proof of Residence
- Contact Details of Personal References
When you apply online, we supply you with a lending expert who can guide you move by move through the process.
Tote The Note Dealers in Greer, SC
Maybe you’ve thought of getting approved through a buy here pay here dealer in Greer? These types of Greer in house financing dealerships don’t rely on banks or credit unions to fund their loans, so they can work with a wide range of applicants.
Countless folks with really bad credit assume that an in house financing car lot is the only establishment that will take their credit. But bear in mind, there are a couple of negatives:
- High Annual Percentage Rates
- High Down Payments
- Inability to Improve Credit Score
Recommendations for Buying a Car in Greer
If your finances are important to you, you should spend only about 8-10% of your monthly income on this car loan. At the same time, go with a 5-year loan at the maximum. This will translate to a car that costs roughly 50% of what you make per year, before taxes. For Greer residents, having incomes of $32,530 per year, this is $16,266. Remember, this is the most that you should spend. Plenty of advisors advise forking over even less, just 10-30% of your income for any car you buy.