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Auto Loans in Williamsburg (VA)

Has a dealership in Williamsburg turned you away on account of a bad credit score? No one understands subprime credit like us. After you submit your application, we can put you in touch with an auto lender who wants to get you get you in the driver’s seat of a new vehicle, no matter your credit.

Bad Credit Car Dealerships in Williamsburg, Virginia

You might want to steer clear of buy here pay here dealers, choosing instead to work with big franchise dealerships that meet the needs of people with poor credit and provide an improved lending experience. Since you’re a higher-risk applicant, you can expect:

  • Steeper rates of interest.
  • Larger down payment requirements.
  • Less significant loan amounts.

With that being said, the experience is better than that of a buy here pay here car lot, and your vehicle will almost certainly cost you less in the end. There are many of these dealerships in our network, and they want to get you the car you need. Go here to submit your application.

Purchasing a Car in Williamsburg with No Down Payment

Do you need to buy a new car or truck, but you don’t have any money down? Down payments for pre-owned cars are usually smaller than those for new ones. This may very well have an impact on whether you go new or used. Have a look at the example we’ve included.

New Car Used Car 1 Used Car 2 Used Car 3
Age New 1 year old 2 years old 3 years old
Depreciation 0% 25% 40% 50%
Cost $17,960 $13,470 $10,776 $8,980
Percentage Down 20% 10% 10% 10%
Money Down $3,592 $1,347 $1,078 $898

Don’t forget that the trade equity from your used vehicle can be put toward your down payment. In this way, you can, basically, finance a car without putting down any actual cash.

Tote The Note Dealerships in Williamsburg, VA

In House Financing Car Dealerships Williamsburg Virginia
Fast Approvals!

Maybe you’ve thought of getting financed at a buy here pay here car dealer in Williamsburg? These types of Williamsburg in house financing car lots don’t depend on banks or credit unions to fund their loans, so they can support a wide array of customers. For people who have terrible credit, Williamsburg buy here pay here dealerships are sometimes the only way to go. But keep in mind, there are several disadvantages:

  • High Loan Rates
  • In-Person Payments
  • Inability to Improve Credit Score

Can This Restore Your Credit?

Generally, legitimate auto lending companies have relationships with the major credit agencies, which gives you the chance to restore your credit. How? Your history of payments. It’s a major component of the FICO scoring matrix. Of course, financing a car means 36 to 84 months of payments. Your score will not spike the instant you pay back your loan. Rather, its rises slowly and gradually as you continue making payments month after month. Most banks and finance companies help you establish an automatic payment each month, so the payment is deducted straight from your bank.

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