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Auto Loans in Denton (TX)

Do you need to buy a car with bad credit? Considering that a lot of banks and finance companies are still neglecting people who’ve got poor credit, it could take quite a long time to find a loan provider without any help. Fortunately, we offer an advanced platform for loan approval. After you submit your application, we can find you a lending consultant in your part of Texas.

Bad Credit Car Dealers in Denton, TX

Dealerships that assist credit-challenged car-shoppers are typically referred to as bad credit dealerships. Since this is a high-risk loan, you can expect more expensive interest rates, larger down payments, and more exacting repayment conditions. On the other hand, the experience is superior to that of a buy here pay here car lot, and your vehicle will likely cost you less in the end. There are many such dealers in our network, and you can get paired with one by applying online.

New Versus Used Vehicles

Both new and used vehicles can be financed through Motive Auto Finance. In a lot of cases, a pre-owned car is the way to go. The interest rates on new cars are low, true, but pre-owned cars are a lot cheaper.

New Car Used Car 1 Used Car 2 Used Car 3
Age New 1 year old 2 years old 3 years old
Price tag $14,260 $10,695 $8,556 $7,130
Down Payment $2,852 $1,070 $856 $713
APR 5.00% 7.50% 7.50% 7.50%
Years 5 4 4 4
Payment Per Month $215.28 $232.73 $186.19 $155.16
Interest $1,509 $1,546 $1,237 $1,030
Total Paid $15,769 $12,241 $9,793 $8,160

Buy Here Pay Here Dealers in Denton, TX

Maybe you’ve thought about going to a buy here pay here dealer for approval? Typically, there are considerably better options. These types of car lots grant financing on location, whereas most dealerships utilize one of their affiliated lenders, and they typically don’t turn anyone down. The fact is, you should be prepared for inflated rates of interest, big down payments, and well-used vehicles that are steeply-priced. This is why these car dealers don’t have a great reputation. We can place you in the hands of dealer finance professional who can get you in the car you need, even if your credit is really bad.

Securing the Perfect Loan

The car you should purchase, price-wise, depends mainly on your income and credit. This is a good rule of thumb: spend not more than 8% of what you make each month on a car payment. For consumers in Denton, having an average income of $1,426, this would be $114.

Exceptional Credit Decent Credit Poor Credit
Income $1,426 $1,426 $1,426
Monthly Payment $114 $114 $114
Rate 3.50% 7.00% 11.00%
Down Payment $1,568 $1,440 $1,312
Borrowed Funds $6,271 $5,761 $5,247
Interest Paid $574 $1,084 $1,598
Total Paid $8,413 $8,285 $8,157
Sticker Price $7,839 $7,202 $6,559

Cars from Denton Dealers


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