Auto Loans in Flushing (NY)

How would you like to arrange your financing before setting foot on the dealer lot? You’ve come to the right place. Our industry-leading network of dealers and lenders is standing by, awaiting your application. Here’s how it all works:

  1. Take a few minutes to submit our credit application.
  2. Log in to our members’ area to monitor your placement status.
  3. If approved, speak with your lender or dealer to complete your paperwork.
  4. Lastly, buy your vehicle.

Sound simple? It truly is! Ready to get started? Go here to submit your finance application.

Credit Scores Considered Subprime

Have you got a credit score of 620 or lower? Less-than-perfect credit isn’t a problem. Many larger dealerships now have entire sales teams committed to something known as “special financing.” Such establishments are sometimes called Flushing bad credit car dealerships. Of course, we have tons of them in our network. If your credit score is low, your interest rate might be higher, which means it’s vital that you opt for a budget friendly car or truck with affordable payments. Allow us to find you a dealer who finances bad credit – today! Apply Online!

Of course, the loan amount largely determines the vehicle you can buy, so it’s always top of mind for our clients. Below, we’ve listed how much consumers of differing credit ratings can finance, based on the average monthly income in Flushing, $2,965. Please be aware that these are only estimates.

Credit Rating Income Factor Amount Borrowed
Great Credit 10 $29,650
Decent Credit 9 $26,685
Temporary Bad Credit 8 $23,720
Poor Credit 7 $20,755
Very Bad Credit 6 $20,755

As we stated previously, these are just approximations. For an accurate 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 price. They tend to be required of consumers with a less than ideal history of debt repayment. That’s because financing consumers with below-average credit is a much riskier process, and a down payment makes sure that some percentage of the vehicle’s value is not on the line. That’s not to say dealers don’t have financing options for people who don’t have a down payment.

We help our clients get into a new car everyday, despite issues with their credit and down payment.

Buy Here Pay Here Dealerships in Flushing

Virtually all buy here pay here dealers require a down payment, often a substantial one. These dealers do their own financing, rather than outsourcing this to third-party finance companies. The loan rates are especially high, but they typically offer guaranteed approval.

Sadly, most of these dealers don’t help consumers re-establish their credit. More often than not, you would be happier applying online, so we can find you a car loan in Flushing that has better rates and terms.

Flushing-Specific Income, Credit Statistics

Though important, your credit rating is just part of the picture. Loan companies check such things as:

  • Income
  • Job Stability
  • History of Debt Repayment

Listed below are average statistics for Flushing residents.

  • Average Earnings: $2,965 Monthly
  • Average Car Payment: $326 (11% of Income)
  • Suggested Car Payment: $237 to $297 (8%-10% of Income)

Flushing’s Credit Spectrum

Here we have divided up Flushing’s population by FICO score. These estimations should give you a general idea of where you stand in relation to other consumers in your area.

FICO Score % of Population Residents
300-499 2% 23,105
500-549 5% 57,764
550-599 8% 92,422
600-649 12% 138,633
650-699 15% 173,291
700-749 18% 207,949
750-799 27% 311,923
800-850 13% 150,185

Would you like to apply for your Flushing auto loan? It’s easy to apply online.