Shopping for a new or pre-owned car? We help people get approved for car loans on a daily basis. No matter if you’re looking for a new or used car, we can help you get your credit approved after as little as 24 hours. Rest assured your privacy will be secured by SSL (https) security.
This is how it works.
- For starters, you need to submit your secure online application.
- We’ll attempt to place your application with the best Virginia car loan company for your needs.
- If pre-approved, a special finance supervisor will reach out to you by telephone or email.
- Finalize your car loan documentation and choose your car or truck from a local dealer.
Click the link to apply online.
- Average Petersburg Income: $22,025 Annually
- Average VA Fico Score: 689
Most car loan lenders will want you to hold a steady job with $1500 income a month. At the same time, your level of existing debt, inclusive of your auto loan, should not exceed 50% of your wages. For car shoppers who live in Petersburg, VA, this means $918, on average. Even in the event your income or credit doesn’t meet the aforementioned requirements, you might be able to meet the requirements with a co-buyer, larger down payment, or even through buy here pay here financing in Petersburg, VA.
Auto Loans with No Down Payment: Petersburg, VA
Providing a down payment might not be required, but it’s advised. The reality is, a lot of loan providers demand that you do so. Divide the price of your chosen car or truck by five (20%). If you can come up with that much, it would be a stellar down payment. Then again, you could probably get approved with 10%. We even have no down payment car dealers in Petersburg, VA.
Auto Loans with Bad Credit in Petersburg, Virginia
With Auto Loans Virginia, you may qualify for financing, even in the event your fico score is less than perfect. In Petersburg, Virginia, the typical car owner has a credit score of 689. This is not high enough to be categorized as good, let alone excellent. As you can see, a lot of individuals are looking for bad credit car loans in Petersburg, VA.
The vast majority of finance companies require individuals who have bad credit to have an income of $1500 a month, minimum, and no greater than $750 monthly in debt payments (inclusive of your auto loan).
Bankruptcy Car Loans: Petersburg, VA
Without a doubt, bankruptcy filings and repossessions can be disastrous to your credit rating. Countless Virginia residents are concerned about whether they can get an auto loan with bankruptcy or repossession. Yes, it may take extra time and effort, but there are finance companies who provide bad credit auto loans in Petersburg, VA, even if they’ve experienced:
- Bankruptcy (Ch. 7 or 13)
- Home Foreclosure
Often times though, the finance company will expect you to pay a high rate of interest and offer a big down payment. Don’t forget, paying back a bad credit car loan can be a good method to repair your credit worthiness following bankruptcy, foreclosure, or repossession.
Car Lots That Finance Bad Credit in Petersburg, VA
For many people in Petersburg, Virginia, buy here pay here car dealers are becoming the last measure to get financing. These dealerships are often known as: Tote the Note, Your Job is Your Credit, or in house financing dealerships in Petersburg, Virginia.
To many applicants, getting their auto loan with no credit check may seem great. Unfortunately, there are some significant disadvantages. The loan rates and amount due at signing are higher than average; what’s more, you won’t have much of a chance to restore your credit score through such an establishment.
But fear not, there’s a pretty good chance you could get approved for the auto loan you’re looking for without turning to in house financing.
Dealerships That Work With Bad Credit: Petersburg (VA)
- Henshaw H L, 1020 E Washington St, 23803
- Fender Truck & Auto Sales, 6326 Boydton Plank Rd, 23803
- HDC Inc, 2932 South Crater Road, 23805
- Darbyshire’s Motors, 111 North Market Street, 23803
- Mabon Motors, 1841 South Crater Road, 23805
- Minuteman Auto Sales, 601 West Washington Street, 23803
- Newton’s Auto Sales, 2000 East Washington St, 23803
- Kim Motor CO Inc, 948 East Wythe Street, 23803
- Petersburg Motors, Washington & Market, 23803
- Ford Rental System, Washington Street, 23803
- Old Towne Motors Inc, 20 East Bank St, 23803
- Quality Lincoln Mercury-Subaru-Mazda, 3535 South Crater Road, 23805
- Colonial Honda, 944 East Wythe Street, 23803
- Jarman’s Auto Sales, 210 East Washington Street, 23803
- Autosalesinc.com, 1100 East Washington St, 23803
- J & L Auto Sales, 4612 Boydton Plank Road, 23803
- Morgan Motor Sales, 6505 Boydton Plank Road, 23803
- Collier Motors Inc, 40 Rives Rd, 23805
- Airport Auto Sales, 23214 Airport St, 23803
- Abe’s Auto Sales, 2817 County Dr, 23803
- Motor Mile Auto Sales – Col HTS, 3626 Boulevard, 23803
- City Motors Co Inc, 2306 West Washington St, 23803
- Drivetime, 2535 South Crater Rd, 23803
- Minuteman Auto Sales, 601 E Washington St, 23841
- Whitten Auto Center, 2833 S Crater Rd, 23841