Delinquent payments and past due bills can damage your credit ratings. Though lots of lending companies are rejecting consumers who have unfavorable credit, we can connect you with car dealerships and automobile lenders who offer auto loans for people with bad credit in San Antonio. Here’s how it works:
- You apply online.
- Our sophisticated approval software finds you an auto lender.
- Your lending company calls or emails you to finalize the details of your San Antonio automobile finance package.
Bad Credit Car Dealerships in San Antonio, TX
Be sure to stay away from buy here pay here dealers, choosing instead to work with larger, more well-respected dealerships that work with people who have below-average credit, and in the process provide a far better financing experience. Any time you have credit problems, there are certain things to be expected:
- Interest rates that are more expensive.
- Down payments that are more substantial.
- Loans that are more modest in size.
Having said that, the experience is superior to that of a buy here pay here car lot, and your vehicle will cost you less in the long run. We have many of these dealerships in our network, and when you apply online, we match you with one who wants to approve your credit.
Zero Down Auto Loans in San Antonio?
Do you need to purchase a new car, but you haven’t got a down payment? Lenders prefer that you offer money upfront, as doing so will minimize risk built into the loan, affording you a more affordable APR rate and better terms.
However, we recognize that setting aside such a chunk of cash isn’t so simple. Many times, people simply sell their used car or truck themselves, then use the money as a down payment.
Buy Here Pay Here Dealerships in San Antonio, TX
Maybe you’ve wondered about getting your vehicle through a buy here pay here car lot in San Antonio? Such San Antonio in house financing car lots don’t rely on banks or investment companies to approve people for financing, so they can assist a wider selection of applicants. For consumers who have terrible credit, San Antonio buy here pay here dealers in many cases are the only way to go, even though the annual percentage rates are much higher than you’d be given by a regular lender. On top of that, they rarely report payments to the credit reporting agencies. This means your FICO rating won’t improve even if they pay off the loan on time.
Choosing a Vehicle
Want to know how much you should shell out for a car? The following table shows how much car the average San Antonio consumer can afford based on a monthly income of $2,460, a car payment equivalent to 8% of this income, and a repayment period of 5 years.
|Great Credit||Decent Credit||Poor Credit|
|Income Per Month||$2,460||$2,460||$2,460|