Hoping to buy a new or preowned car or truck? If you’re like a large percentage of consumers in Kirkland, you probably need an auto loan to cover the full cost of the vehicle. We allow you to submit your application via our secure platform. More often than not, we’re able to match applicants with an appropriate lender or dealer even if their credit has been damaged by bankruptcy or repossession.
Bad Credit Car Dealerships in Kirkland, Washington
When you have poor credit, dealer financing is often the only option you have, because the majority of banks in Kirkland will be hesitant to approve you. There are dealers, however, who want to win your business. Compared with a buy here pay here dealer, such dealers typically offer much better financing. The actual cars and trucks you can buy will be decided by your monthly income and credit. You’ll want to get yourself a vehicle that won’t tax your budget, having a payment that amounts to 10% of your income–no more. For people who earn $3,587 a month, the average in Kirkland, this would be a payment of $359.
Submit your application to have a finance professional confirm how much you can borrow.
Buying a Car in Kirkland with Nothing Down
A down payment is often a pain, but if you’ve got less-than-perfect credit, it’s often necessary. A down payment will reduce your LTV (loan-to-value) ratio, which is the size of the loan relative to the vehicle’s value. As a result, you can expect:
- Lower annual percentage rate.
- Less total interest owed.
- Fewer troubles with negative equity.
That being said, we know that saving 10-20% of the sticker price of a new car isn’t a quick or simple undertaking. Of course, you can sell your existing vehicle and use the profit as a down payment. Otherwise, you could trade it in at the dealership.
Buy Here Pay Here Dealerships in Kirkland, WA
Buy here pay here dealers customarily help people who’ve got serious credit problems such as:
- Vehicle Repossession
- Debt Settlement
- IRS Liens
These dealers will approve practically anybody, regardless of their credit, but you will find negatives.
In most cases, preowned vehicles are the only thing offered, and these are not no money down car loans. In most cases, the down payment is as much as the vehicle’s wholesale value, and you could find yourself paying thousands in the long run through outrageous rates. This is why these dealers don’t have a good reputation. We want to place you with subprime finance professional who will work with you, even if your credit is really bad.
Which Cars Are Best For Kirkland Consumers
It is important to decide on a car or truck that won’t overburden your finances. Not more than 8% of your income each month should be put toward your new payment. For consumers in Kirkland, having an average income of $3,587, this is $287.
|Prime Credit||Decent Credit||Subprime Credit|
|Total with Interest||$21,161||$20,841||$20,517|