Get an Auto Loan Quote

Auto Loans in Morristown (TN)

Your FICO score is hugely important when getting approved for financing, and approval rates have gone down since the economic crisis. We enable you to find a lending company that serves consumers in your same credit tier. We’re very proud to work with an unmatched network of lenders and dealers that will consider your application, even if you have sub-prime to below-average credit. A vehicle finance manager will be there to guide you through the financing process, helping you get approved for the car you want at a competitive rate of interest. Feel free to get financed.

Morristown Dealerships That Work with Bad Credit

If you’re trying to find a dealership in Morristown that offers auto loans for poor credit, welcome to Motive Auto Finance: we’d love to help. In any sub-prime financing scenario, certain things are to be expected:

  • Elevated interest rates.
  • Significant down payments required.
  • More stringent lending terms.

However, they will get your loan funded through banks and finance companies that supply information to the credit bureaus, providing you with the ability to restore your credit. We work with many such dealerships, and when you submit your application, we work hard to pair you with one who wants to get you the loan you need.

Financing a Car in Morristown with Nothing Down

Is your idea to finance your new car with no down payment? A down payment affords you a range of benefits:

  • Reduced risk of negative equity.
  • Size of loan is minimized.
  • Reduced lender risk, translating to a cheaper APR.

Bear in mind that your vehicle trade-in can be used as your down payment, allowing you to finance a car without having to put down any of your cold hard cash.

Buy Here Pay Here Dealerships in Morristown, TN

In House Financing Car Dealers Morristown Tennessee
Get Pre-Approved!

Maybe you’ve thought of getting financed at a buy here pay here car dealer in Morristown? These types of Morristown in house financing car dealers don’t rely on banks or investment companies to approve their customers, so they can support a wide range of consumers.

If you have really bad credit, Morristown in house financing car lots are sometimes the only way to go. But keep in mind, there are plenty of negatives:

  • Excessive Interest Rates
  • Big Down Payments
  • Inability to Improve Credit Score

Cars in Morristown That Fit Your Budget

Often, you can purchase a more expensive vehicle than is prudent. If you want to be prudent spend, at the most, about 8% of your income each month on a car payment. For a person living in Morristown earning $1,295 each month, the city average, this would be $104.

Excellent Credit Okay Credit Subprime Credit
Monthly Installment $104 $104 $104
APR 3.50% 7.00% 11.00%
Money Down $1,424 $1,308 $1,191
Amount Borrowed $5,695 $5,232 $4,765
Total Interest $521 $984 $1,451
Total Paid $7,640 $7,524 $7,407
Vehicle Price $7,119 $6,540 $5,956

Cars for Sale in Morristown


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