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Auto Loans in Victoria (TX)

Financing a car was much easier before the recession, but those days are gone. We allow you to find a dealer or lender that appreciates the chance to win your business, no matter your credit. We’ve spent years forming an unrivaled network of dealers and finance companies that will consider your application, even if you’ve got a credit score of 620 or less. Just apply online, and we will pair you with a finance professional to lead you from submission to approval.

Bad Credit Car Dealers in Victoria, TX

Dealerships with departments dedicated to helping credit-challenged consumers are typically known as bad credit dealerships. In any bad credit financing scenario, expect increased interest rates, more substantial down payments, and smaller loans. With that being said, the rates and terms are a lot better than you would be offered at one of Victoria’s buy here pay here dealers. There are many such dealerships in our network, and you can find one willing to fund your loan by submitting your application.

New or Pre-owned: The Choice is Yours

Have you thought about whether you’re going to buy a used or new vehicle? You can finance a new car for longer, and at a lower interest rate, but you spend a good deal more when it comes to purchase price and down payment.

New Car Pre-owned Car
Years Old 0 1
Price $21,770 $16,328
Down Payment $4,354 $1,633
APR 5.00% 7.50%
Years 5 4
Payment Per Month $328.66 $355.30
Total Interest $2,304 $2,360
Total Investment $24,074 $18,687

Your Job is Your Credit Car Dealers in Victoria, TX

Have you considered getting an auto loan through a buy here pay here car lot in Victoria? These Victoria bad credit dealers supply car loans on location, quite often without checking the applicant’s credit. Considering they don’t depend on a traditional bank or finance company for financing, they’re able to help a wide array of borrowers.

If you have horrible credit, Victoria in house financing dealers in many cases are the only real option, despite the fact that the rates of interest are much higher than you’d get from a traditional lender. On top of that, they seldom report payments to the credit reporting agencies. This means the person’s credit score isn’t likely to get better as a result of the loan.

What Car to Buy?

The lot might well be packed with cars that you are able to buy, but which will cost you more than you really ought to spend. Avoid spending much more than 8% of your monthly earnings on your loan payment. As one example, Victoria consumers have an average income of $2,177 per month, and 8% of this is $174.

Exceptional Credit Fair Credit Subprime Credit
Payment Amount $174 $174 $174
Rate 3.50% 7.00% 11.00%
Money Down $2,393 $2,199 $2,003
Borrowed Funds $9,574 $8,795 $8,010
Total Interest $876 $1,654 $2,439
Price with Interest $12,843 $12,648 $12,452
Sticker Price $11,967 $10,994 $10,013

Used Cars in Victoria for Sale

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