Auto Loans in Bronx (NY)

Searching for the best car loan in Bronx? You’ve come to the right place. The advantages of our service are myriad:

  • Comprehensive Network of Lending Companies
  • Stress-Free Online Application
  • Zero Fees, Zero Obligations
  • Good or Bad Credit Accepted
  • 1-Hour Approvals for Qualified Applicants
  • Application Status Tracked Online

The actual application is completely web-based, and we’ve designed it to require fewer details than other services.

Bronx Bad Credit Car Dealers

If you’ve got a bad credit score, you’ve come to the right place – this type of financing is our primary focus. A large number of major dealerships now have complete departments specializing in “special financing.” These are often called Bronx bad credit car dealers, and we have tons of them in our network. Generally, loan companies want individuals with less-than-perfect credit to have an income of at least $1500 monthly, but most applicants receive their approval the same day they apply. Don’t delay. Allow us to find you a lender or dealership who finances bad credit. There are no obligations when you use our service, and no headaches. Just apply online, and we’ll help you find a bad credit auto loan in Bronx that won’t break the bank.

Auto Loan Amounts for Bronx Consumers

The chart below depicts how much you can borrow, based on a monthly income of $2,392, the average in Bronx. These amounts are simply approximations. You may be eligible for a greater or lesser amount, depending on other factors. Talk with an auto finance specialist to find out more.

Credit Rating Income Factor Amount
Great Credit 10 $23,920
Decent Credit 9 $21,528
Subprime Credit 8 $19,136
Bad Credit 7 $16,744
Really Bad Credit 6 $16,744

Just because you can borrow such an amount, doesn’t mean you should. A smaller loan is a good option, because it will mean less financial pressure.

No Money Down Auto Loans in Bronx?

We do work with lenders who offer car loans with no money down, even for people with credit problems. However, providing a down payment gives you considerable benefits:

  • Reduces the length of the loan, meaning you pay less in interest.
  • Lowers monthly repayment.
  • Reduces the risks of an underwater loan.

Still, modern day lenders and dealers understand that down payments are particularly problematic in today’s economic climate. Just enter your down payment amount when you submit your application, and our system will probably be able to find you a dealer, bank, or lending company who wants to get you in the driver’s seat, whether or not you have a down payment.

Buy Here Pay Here Car Dealers in Bronx

If you have serious credit problems, then you most likely are familiar with buy here pay here car lots. These dealers do on-the-lot financing, instead of outsourcing this to a network of finance companies. Without a doubt, the interest rates are inflated, but there are a lot fewer obstacles to credit acceptance.

Unfortunately, most in house financing dealerships don’t help consumers re-establish their credit. Normally, you would be happier applying online, so we can find you an auto loan in Bronx that can help improve your credit.

Bronx Consumer Profile

Listed below are average stats for residents of Bronx.

  • Average Salary: $28,703 Per Annum
  • Average Monthly Payment: $263 (11% of Income)
  • Recommended Car Payment: $191 to $239 (8%-10% of Income)

If you’ve got subprime credit, you aren’t alone. This chart shows the estimated number of Bronx residents at each credit level.

FICO Score % of Population Residents
300-499 2% 26,554
500-549 5% 66,385
550-599 8% 106,215
600-649 12% 159,323
650-699 15% 199,154
700-749 18% 238,984
750-799 27% 358,476
800-850 13% 172,600