If you’re in the market for a new car, odds are you will need a car loan. Our expertise in the industry is unparalleled, and we have one of the highest approval rates in the business. We will match you with a lending professional who can help you obtain the auto loan needed for the car you want.
Bad Credit Car Dealers in Corpus Christi, Texas
Bad credit doesn’t have to stand in your way when it comes to your new car. We work with dealers in Corpus Christi that are able to give you a second chance at financing. Just like any subprime loan, expect elevated rates of interest and bigger down payments, along with stricter repayment requirements. However, it’s far better than not being able to obtain a car, and if you make your payments on schedule, you can increase your credit score by the time your vehicle is paid off. We have many such dealerships in our network, and you can find one that wants to get you approved by applying online.
Financing a Car in Corpus Christi with Nothing Down
A down payment might be a headache, but if you have bad credit, it might be a requirement. When financing a car, you commence a battle with depreciation. If the car isn’t worth as much as you owe, then you have negative equity. A down payment offsets depreciation.
Residents of Corpus Christi do from time to time finance cars with zero down, but it’s more common to trade in their old vehicle to satisfy any down payment standards.
Buy Here Pay Here Auto Loans in Corpus Christi, Texas
Buy here pay here car dealers primarily help people with serious credit problems such as bankruptcy or foreclosure of a home. It’s true, they rarely check your credit, so your credit problems shouldn’t be a hindrance, but odds are you’ll pay more than you think for this privilege.
Alas, you should be prepared for high interest rates, huge down payments, and well-used vehicles that are steeply-priced. Is boosting your credit a concern for you? Then you should contact an auto finance professional through us, seeing as buy here pay here car lots will not help you raise your credit.
Guidelines for Financing
Divide the amount you make each month, before taxes, by 10. You’ll want to spend this amount, at the most, on your monthly payment. If you’d rather not be car poor, paying exorbitant finance fees, go with a repayment term of just 60 months or less. This will translate to a car that costs about half of what you make on a yearly basis (pre-tax). For Corpus Christi residents with incomes of $14,166 a year, this is a vehicle costing $7,086. Generally, the less you can spend to obtain a reliable car, the better.