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Auto Loans in Nashville (TN)

Have you been declined for a car loan due to credit troubles? We help you find a lender or dealer that can get you the loan you need at a rate that’s fair given your credit. We’re very proud to represent an unrivaled network of lenders and dealers who are helping people repair their credit by paying off a car. A vehicle finance specialist will be there to guide you through the approval process, move by move. Go ahead and apply for financing.

Nashville Car Dealerships for Bad Credit

You shouldn’t let credit prevent you from buying your next car. We can pair you with dealers in Nashville that want to get you the loan you need, no matter your credit rating. Just like any subprime loan, there are certain things to be expected:

  • Higher interest rates.
  • Substantial down payment requirements.
  • Stricter lending conditions.

On the plus side, it’s much better than not having a new car at all, and these dealers can help you rebuild your credit by establishing a record of monthly payments made on time. We have a great number of dealerships in our network, and they want to get you in the driver’s seat of the car you need. Go here to apply online.

Can You Get Financed with Zero Down?

Even if you’ve got a favorable credit record, a down payment–or the shortage thereof–can keep you from financing your car. A down payment affords you many benefits:

  • Lessens how much time you are upside down.
  • Loan size is minimized, so you’ll owe less in interest.
  • Lower risk loan, resulting in a lower annual percentage rate.

If you’ve got below-average credit, it might be difficult to get a car financed with zero down, but don’t forget that your trade equity could help you cover a down payment.

Buy Here Pay Here Auto Loans in Nashville, TN

Consumers go to buy here pay here dealerships, believing they will only be able to finance a car with no credit check. Not true. A lot of dealer financing isn’t direct to the consumer, as dealers work with various lenders to provide the loans. In contrast, buy here pay here dealers are the actual source of the loans. You will find that preowned cars and trucks are the only thing on the lot, and you may be required to pay weekly, in cash. Repossession frequently occurs, and the interest rates are nothing short of astronomical. There’s a reason that these retailers don’t have a good track record. Let us match you with dealer finance professional who can get you in the car you want, even if your credit is horrible.

Picking a New Car

The car you should buy, when it comes to price, will be based on your income and APR. The following table demonstrates how much car the average Nashville consumer can afford based on an income of $1,583 a month, a payment of $127, and a term of 60 months–the longest term advisable.

Great Credit Fair Credit Subprime Credit
Payment Amount $127 $127 $127
Loan Rate 3.50% 7.00% 11.00%
Years 5 5 5
Money Down $1,740 $1,599 $1,456
Amount Borrowed $6,961 $6,396 $5,825
Interest Paid $637 $1,203 $1,774
Total with Interest $9,339 $9,197 $9,055
Car Price $8,702 $7,994 $7,281

Zipcode Make Model Minimum Price Maximum Price Condition
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