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Auto Loans in Parkersburg (WV)

Interested in getting a car financed in Parkersburg with bad credit or zero down? No one knows bad credit auto loans like we do. Day after day, we help folks get approved for the cars they want in spite of hurdles such as:

  • Subprime Credit
  • Limited Credit
  • Bankruptcy
  • Foreclosure
  • Repossession

That’s our first priority. Are you ready to get started? Please click here to apply online.

Bad Credit Car Dealerships in Parkersburg, West Virginia

Bad credit doesn’t have to stand in the way of your next car. We work with dealerships all across West Virginia that are prepared to give you a second shot at financing. In comparison with a BHPH dealer, such dealers typically offer:

  • Less owed at signing, as a down payment.
  • Lower rates of interest.
  • More advantageous repayment terms.
  • Chance to strengthen your credit score.

You may not qualify to finance just any car in the showroom. In most cases, if you have credit problems, you can finance six to eight times your monthly income. For residents of Parkersburg making $1,361 per month, this is $8,166 to $10,888. Then again, not more than 10% of your income ($136, in this example) should be allocated to your car payment, which will almost certainly make for a less significant loan.

Submit an application to have a finance expert confirm how much car you can afford.

Best to Purchase a Used Vehicle?

Both used and new vehicles are available through our service. Brand new vehicles have more affordable interest rates. However, they are priced a lot higher than their used counterparts, and of course the down payments required are significantly bigger.

New Car Used Car
Age New 3 Years Old
Price $13,610 $6,805
Down Payment $2,722 $681
Interest Rate 5.00% 7.50%
Years 5 4
Payment Amount $205.47 $148.08
Finance Charge $1,440 $984
Total Outlay $15,050 $7,789

Buy Here Pay Here Dealers in Parkersburg, WV

The BHPH industry would love you to assume that you haven’t any option but them. However, this typically isn’t the way it is. These dealers will approve almost anybody, no matter their credit, but you will find issues.

Sadly, you will be faced with inflated loan rates, large down payments, and well-used vehicles that are too expensive given the shape they’re in. Is strengthening your credit one of your goals? Then you are better off applying through us, seeing as BHPH dealers can’t help you improve your credit.

Recommendations for Buying a Car in Parkersburg

Take 10% of your monthly income, pre-tax. Make sure you spend no more than this on your monthly payment. In addition, opt for a 5-year loan at the maximum. With this payment and lending term, you will be getting a car or truck that costs around 50% of what you get paid on an annual basis. For Parkersburg residents with incomes of $16,332 annually, the per capita average, this is a vehicle which costs $8,166. Keep in mind, this is the most that you should budget. Scores of authorities recommend budgeting just 10-30% of your income for the next car you buy.

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