Are you interested in securing auto financing in South Boston, VA, with bad credit or no down payment? At Auto Loans Virginia, we can help you get in the driver’s seat quickly and painlessly. Your application will be safeguarded by SSL security.
Acceptance and Annual Percentage Rate
- Average South Boston Income: $29,471 Annually
- Average VA Fico Score: 689
For the most part, auto loan companies require you to make no less than $1500 income per month. Furthermore, the amount you spend on existing debts, inclusive of your car loan, should not be more than 50% of your wages. In South Boston, Virginia, this comes out to $1,228 (average).
Even in the event you don’t meet the aforementioned requirements, you may be able to meet the criteria with a co-buyer, more money down, or with buy here pay here financing in South Boston, VA.
What amount should you be spending on a car loan? Well, let me suggest a great rule of thumb: commit no more than 18 to 20 percent of your monthly income for such things as your:
- Installment Payments
- Repairs and Maintenance
If you make $29,471 per year, this equals $442 to $491 monthly. Please don’t shell out more than this.
Car Loans with Bad Credit in South Boston (VA)
Do you need to finance a car or truck in South Boston, Virginia with a bad credit score?
Fortunately for anyone who needs a bad credit auto loan in South Boston, VA, we offer access to a loan company who doesn’t instantly decline individuals with fico scores below 620. Generally lenders require applicants who have poor credit to have a regular income of $1500 each month, minimum, and no greater than $750 a month in debt payments (including your auto loan).
Car Dealers That Finance Bad Credit in South Boston (VA)
Looking to find a buy here pay here car lot in Virginia? Before you decide on an in house financing car loan, we hope you apply online for auto loans with bad credit in South Boston, VA.
These car lots go by a few different names:
- Your Job is Your Credit Car Lots
- Any Credit Car Lots
- In House Financing Car Lots
- Bad Credit Car Dealerships
These auto loans tend to be granted without any credit check.
Alas, they have several main shortcomings. The interest rates and down payments are high, and you’ll have little chance to improve your credit through such a dealership.
Even when you have poor credit, we may be able to help you get approved for auto loans at better rates than you could expect from a buy here pay here vehicle dealership.
South Boston (VA) Dealerships That Might Grant Auto Financing
- Elliott Trucking & Construction CO, 20 Broad St, 24592
- Frazier Auto, Highway 501 South, 24592
- Jr’s Auto Sales, 2085 James D Hagood Highway, 24592
- Franklin David Garage, 1223 Wilborn Avenue, 24592
- Elliott’s Auto Sales, 3004 Bill Tuck Highway, 24592
- J R’s Auto Sales, 2081 James D Hagood Hwy, 24529