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Auto Loans in Weslaco (TX)

Subprime credit can make it challenging to finance a car, but it doesn’t have to be. We enable you to find a bank or dealer that appreciates the opportunity to approve you for financing, no matter your credit. We have established an unparalleled network of lenders and dealers who are willing to consider your application, even if you have a credit score that could be a lot higher. All you have to do is apply online. We will pair you with a finance expert from a dealer or lender in Weslaco.

Bad Credit Car Dealerships in Weslaco, Texas

You shouldn’t let credit stop you from buying your new car. We have access to dealerships all across Texas that are prepared to give you a second shot at financing. As with all subprime loans, you can expect more expensive rates of interest, bigger down payments, and smaller loans. Having said that, the rates and terms are far better than you would be given at one of Weslaco’s buy here pay here car lots. We work with many of these dealerships, and you can get pre-approved by submitting your application.

Documentation You Will Need

Any time you purchase a car, certain documentation has to be included, and when you’ve got poor credit, more than normal may be requested. Typically, you will need the following documents for approval:

  • Proof of Identity: License, Passport, or Social Security Card
  • Proof of Employment, Residence, and Insurance
  • Personal References

When you drop by the bank or dealer, be sure you have the necessary documentation.

Weslaco Buy Here Pay Here Dealers

For people with substantial credit problems stemming from issues like bankruptcy or debt settlement, buy here pay here financing may well seem like the only option. They may not require credit assessments, so your credit problems ought not be an obstacle to getting approved, but you really pay for this over time. Alas, you should be prepared for exorbitant rates of interest, expensive down payments, and well-used vehicles that are overpriced. That isn’t all: these car lots rarely work with the credit reporting agencies, so you could make each and every payment month after month with no lift in your FICO score.

Credit-Building for Weslaco Borrowers

Apart from delivering the funds you need, an auto loan can help you boost your credit score. How? Your history of payments. It is an enormous component of the credit scoring matrix, and a car loan involves 24-72 months of payments.

On the other hand, you can exacerbate your credit problems if you fail to make your payments. Of course, the benefits to a healthier score are monumental, including more affordable interest rates and insurance rates, along with more opportunities for refinancing existing car or home loans.

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