Auto Loans in Floral Park (NY)

Don’t waste your time driving from lender to lender, applying for financing. We can get you financed a lot sooner, with a lot fewer headaches along the way. Our application placement system makes it easy to get a loan. The actual application is a breeze, and there’s no obligation to accept the offer you’re given.

Bad Credit Car Dealerships in Floral Park

Subprime credit can be a big setback when it comes to financing, but not with us. There are several principal credit tiers in the auto finance industry, and we work with companies that service each of them. Many loan companies do require borrowers with below-average credit to have an income of a minimum of $1500 monthly, but most of our clients get approved nearly instantly. Don’t delay. Let us find you a lender or dealer who funds loans for people in Floral Park with credit problems – today!

FICO Rating and Size of Loan

Estimating how much you can borrow is pretty easy. Simply multiply your monthly income by the income factor that corresponds to the state of your credit. We’ve included one such example, based on Floral Park’s average per capita income: $4,091.

Credit Score Income Factor Sum
Good Credit 10 $40,910
Fair Credit 9 $36,819
Slow Credit 8 $32,728
Bad Credit 7 $28,637
Really Bad Credit 6 $28,637

Just because you’re able to borrow a particular amount, doesn’t mean you should. A smaller loan is a good option, because you’ll be able to repay it faster.

Floral Park Car Loans, No Down Payment?

No down payment? No problem. Having said that, supplying a down payment affords you significant benefits:

  • Reduces the length of the loan, meaning less paid in interest.
  • Lessens monthly payment.
  • Decreases the risks of an upside down loan.

That being said, we realize that down payments tend to be challenging these days. We get consumers into a new car all the time, despite issues with their credit and down payment. Apply now!

In House Financing Car Dealers in Floral Park

If you’ve gone through a bankruptcy or repossession, you’ve probably thought about going to one of the buy here pay here dealers in Floral Park. These dealers do on-the-lot financing, instead of working with third-party lenders. The interest rates are steep, but they typically offer guaranteed credit acceptance.

It’s usually best to eschew buy here pay here car lots in favor of a bad credit auto loan we help you arrange. Apply now – we have dealers waiting for your application.

Floral Park-Specific Financial Profile

Banks, dealers, and car finance companies are worried about a lot more than just your credit rating. Loan companies check such things as:

  • Income
  • Job Stability
  • History of Debt Repayment

Listed here are average statistics for Floral Park residents.

  • Average Income: $49,095 Per Annum
  • Average Monthly Payment: $450 (11% of Income)
  • Recommended Car Payment: $327 to $409 (8%-10% of Income)

Consumer Credit in Floral Park

Next we’ve a breakdown of Floral Park’s population by credit score. These estimates should give you a sense of where you stand.

FICO Score % of Population Residents
300-499 2% 1,658
500-549 5% 4,145
550-599 8% 6,632
600-649 12% 9,947
650-699 15% 12,434
700-749 18% 14,921
750-799 27% 22,382
800-850 13% 10,776

Fortunately, we can help virtually any borrower who earns $1500 plus on a monthly basis, no matter what their credit score is.

Would you like to submit an application for an auto loan in Floral Park? Click here to submit your application.