In need of a new car? Afraid that a low credit score will make it hard to finance one? If you earn $1500 or more per month, odds are good you can get approved. A local Beech Island finance agent can help you compare rates and terms, helping you to secure the best loan possible. All types of credit are welcomed, and you’ll be informed of your approval status as soon as possible. Submit your application.

Beech Island Financial Statistics

• Income: $37,259
• Income Per Month: $3,105
• Suggested Monthly Payment: $248 to $311
• Suggested Loan Amount: $18,630 to $31,050

Generally, you’ll want to spend a maximum of 8-10% of your monthly income on a finance payment, and 20% overall, inclusive of upkeep and fuel. For the Beech Island consumer who makes $3,105 on a monthly basis, this is a payment of around $311.

Beech Island Down Payments

In Beech Island, only those that have first-rate credit qualify for no down payment car loans. A lot of auto finance companies want you to provide 20% down on a new car, 10% on a used one. Here are some examples:

• $31,050 new car, $6,210 down payment (20%).
• $23,288 used car, $2,329 down payment (10%).

However, remember that a down payment has benefits:

• Faster and easier approval.
• Less total interest paid.
• Smaller percentage of purchase financed.

And much more. When you’re ready, apply online to determine whether you could have a chance at zero down financing or not.

Buy Here Pay Here in Beech Island

A good many people with less-than-perfect credit assume that a buy here pay here car lot is their only option. Such dealers can accept virtually anybody, even if they have severe credit problems like bankruptcy or repossession.

BHPH dealerships, however, are notorious for charging outrageous rates of interest, and tend to sell older, higher-mileage models that have been through the ringer.The good news is, not every bad credit dealership in Beech Island does BHPH. Many traditional dealers are able to get people with bad credit funded at lower rates and more advantageous terms, and assist them in improving their credit in the mean time. By repaying your loan in a timely manner, month after month, you can improve your credit score. Here you’ll see vehicles for sale from well-known dealerships in Beech Island. Find a car or truck you like, then contact the dealer via the provided form. They’ll be able to provide you details about financing.