Auto Loans in Brentwood (NY)

Why waste your time driving from one lender to another, trying to get approved? No matter credit, we can get you approved a lot sooner. Our extensive network of New York lenders and dealers is standing by, waiting for your application. Here is how our system works:

  1. Apply for your Brentwood auto loan through our website.
  2. Keep track of your application status through our members’ area.
  3. Speak with your lender about your rate of interest and terms.
  4. Finish any additional paperwork.
  5. Last but not least, buy your vehicle.

Sound simple? It truly is!

Bad Credit Car Dealerships in Brentwood

Credit scores of 620 or less are generally regarded as subprime or bad credit, but our service is ideal for consumers with less-than-perfect credit. If you were to go from lender to lender, completing applications, you might be turned down a few times. But with our service, you can apply from the privacy of your home or office, and we’ll find a lender in Brentwood willing to get you in the driver’s seat. Income is their primary concern, not credit score. Sure, the APR on your loan won’t be as low as someone with a FICO score of 700 or higher, meaning it’s crucial for you to choose a budget friendly vehicle with easily-affordable payments. Plus, repaying an auto loan is an excellent way to improve your credit score. So let us find you a dealer that approves loans for people with credit problems. There are no obligations when you use our service, and no headaches. Just apply online, and we’ll get to work finding you a bad credit auto loan in Brentwood that will get you behind the wheel.

Estimating how much you can borrow is pretty easy. What you need to do is multiply your monthly income by the income factor associated with the state of your credit. We’ve included one such example, based on the average income of Brentwood residents: $4,915.

Credit Rating Income Factor Loan Amount
Great Credit 10 $49,150
Average Credit 9 $44,235
Subprime Credit 8 $39,320
Bad Credit 7 $34,405
Horrible Credit 6 $34,405

Keep in mind, these are just estimations. For an exact quote, you must submit your application.

Down payments can be made in cash or via trade-in, and typically are priced between 5-20% of the vehicle’s sticker price. They are sometimes required of people with a disappointing history of debt payment. At this stage, the Loan-to-Value ratio becomes important. This is the amount of the loan versus the wholesale value of the vehicle.

Amount Financed Vehicle Value LTV
$7500 $10,000 75%
$12,000 $15,000 80%
$15,000 $17,500 86%
$20,000 $25,000 80%
$20,000 $30,000 67%

Dealerships that approve bad credit in Brentwood often aim for an LTV of approximately 70%. That said, there are dealers who provide car loans for people with no money down.

Our application placement system will probably help you find a dealer or lender who can accept you, even if you don’t have a down payment.

Brentwood Buy Here Pay Here Dealers

This type of financing is otherwise known as your job is your credit, tote the note, no credit check, or in house financing. Customers who have been unable to get approved for a loan because of serious credit problems often wind up at dealerships like these. They finance people with issues like bankruptcy, foreclosure, or repossession on their record.

However, most in house financing dealers don’t help consumers improve their credit. Normally, you would be more satisfied applying online, so we can find you a car loan in Brentwood that can help your credit.

Brentwood-Specific Income, Credit Statistics

Your FICO rating is just part of the picture. Creditors look at your ability to pay (income), employment history, and history of credit.

Here are average stats for Brentwood residents.

  • Gross Salary: $58,985 Per Annum
  • Average Monthly Payment: $541 (11% of Income)
  • Suggested Monthly Payment: $393 to $492 (8%-10% of Income)

Here we have divided up Brentwood’s population by credit rating. These estimations should give you a sense of where you stand.

FICO Score % of Population Residents
300-499 2% 1,030
500-549 5% 2,574
550-599 8% 4,119
600-649 12% 6,178
650-699 15% 7,723
700-749 18% 9,267
750-799 27% 13,901
800-850 13% 6,693

Your credit score will largely determine your rate of interest, but if you have sufficient income, we can ordinarily find a dealer or lender for you, even when you need an auto loan in Brentwood for bad credit.