Auto Loans in Ozone Park (NY)

You need to finance a car, and we can help. We work with lenders and dealers in Ozone Park and across New York who want to approve you for financing – this week! Apply online, and your secure application will enter our cutting-edge placement platform. There we’ll find you a car loan that fits your credit and income.

Dealers in Ozone Park That Take Bad Credit

Our system is ideally-suited to people with credit problems. There are three “bad credit” credit tiers:

  • Tier 3/C: 580-660
  • Tier 4/D: 520-580
  • Tier 5/F: 250-520

Regardless of what tier you fall into, we have lenders that want to give you a second chance at financing. Given your credit, your rate of interest might be higher, but that’s to be expected. Allow us to find you a lender or dealership that finances bad credit. Apply Online!

Naturally, the amount you borrow more or less determines what type of vehicle you can purchase, so it’s always a primary concern. Below, we’ve listed the maximum loan amount for people of a variety of credit scores, based on an income of $3,441 per month, which is the average in Ozone Park. Please be aware that these are only estimations.

Credit Income Factor Amount
Great Credit 10 $34,410
Fair Credit 9 $30,969
Temporary Bad Credit 8 $27,528
Poor Credit 7 $24,087
Horrible Credit 6 $24,087

Just because it’s possible to borrow such an amount, doesn’t mean you ought to. A smaller loan is a good option, because it will put less strain on you from a financial standpoint.

Getting Approved with No Money Down

Good credit? If so, you probably won’t need to concern yourself with a down payment. But if your credit is less than perfect, your dealer may require you to supply a down payment. The reason is simple: lending to customers with bad credit is a much riskier process, and a down payment ensures that at least a percentage of the vehicle has already been paid for in advance. What’s promising is, as the auto market recovers, more dealers and lenders should be able to approve auto loans in Ozone Park with no down payment.

Apply online, and enter a zero in the down payment section. We will strive to place your application with a dealer or lender willing to finance your purchase, zero down payment needed.

In House Financing Dealerships in Ozone Park

Most buy here pay here dealerships consider down payments a requirement. Consumers who have been unable to get approved for financing due to serious credit problems often find themselves at car lots like these. The annual percentage rates are especially steep, but they typically offer guaranteed approval.

Lamentably, most of these dealerships aren’t able to help consumers re-establish their credit. Often, it is far better to apply online, so we can find you a car loan in Ozone Park that has better rates and terms.

Credit and Income: Ozone Park

Listed below are average statistics for Ozone Park residents.

  • Average Earnings: $41,290 Per Annum
  • Average Monthly Payment: $379 (11% of Income)
  • Recommended Car Payment: $275 to $344 (8%-10% of Income)

Curious about the credit ratings of your community as a whole? We have calculated how many Ozone Park consumers are in each range of FICO scores.

FICO Score % of Population Residents
300-499 2% 1,046
500-549 5% 2,614
550-599 8% 4,182
600-649 12% 6,273
650-699 15% 7,841
700-749 18% 9,410
750-799 27% 14,114
800-850 13% 6,796

Would you like to get going on your Ozone Park auto loan? Go here to submit your application.