Auto Loans in South Ozone Park (NY)

Need to get approved for financing? You’ve come to the right place. Each and every lender has their own approval criteria, so it’s crucial to find one willing to work with your credit. Apply online, and your online application will enter our placement system. There we will find you an auto loan that is right for you.

FICO ratings of 620 or lower are typically regarded as subprime or bad credit, but our service is especially beneficial to consumers with credit problems. Many major lenders and dealers now have complete sales teams devoted to something known as “special finance.” These are sometimes called bad credit car dealerships. Needless to say, we work with a great many of them. It is true that low credit scores mean higher interest rates, but that’s to be expected. Let us find you a dealer that approves loans for people in South Ozone Park with bad credit. The process is easy, fast, and hassle-free. Just submit your secure application.

The chart below shows various loan amounts, derived from a monthly income of $3,657, the average in South Ozone Park. These amounts are merely estimates. You may qualify for a different amount. Talk with a vehicle finance agent for details.

Credit Score Income Factor Sum
Excellent Credit 10 $36,570
Average Credit 9 $32,913
Temporary Bad Credit 8 $29,256
Poor Credit 7 $25,599
Very Bad Credit 6 $25,599

Of course, the numbers above are estimations. For an accurate quote, please submit your application.

Do I Need a Down Payment?

No down payment? In many instances, this won’t prevent you from being approved. Having said that, a down payment gives you significant advantages:

  • Shortens loan, meaning you pay less in interest.
  • Decreases monthly installment.
  • Safeguards you against negative equity.

With that said, you no longer need a down payment to submit an application. We help our clients get into a new car everyday, even with issues such as lack of credit or down payment. Apply now!

Buy Here Pay Here Dealers in South Ozone Park

In South Ozone Park, buy here pay here auto sales have become a necessary evil for many borrowers, mainly because of the economic slowdown. These dealers make credit decisions on-site, instead of working with banks or finance companies. The annual percentage rates are always expensive, but acceptance often is guaranteed.

However, most buy here pay here dealers aren’t able to help buyers improve their credit. Often, you would be better off applying online through our website, so we can find you an auto loan in South Ozone Park that can help improve your credit.

South Ozone Park-Specific Credit, Income Numbers

The following are average statistics for residents of South Ozone Park.

  • Pre-Tax Salary: $43,889 Per Annum
  • Average Monthly Payment: $402 (11% of Income)
  • Ideal Monthly Payment: $293 to $366 (8%-10% of Income)

South Ozone Park Consumers by Credit Tier

Next we have an overview of South Ozone Park’s population by FICO rating. These estimations should give you a general idea of where you stand.

FICO Score % of Population Residents
300-499 2% 1,273
500-549 5% 3,182
550-599 8% 5,092
600-649 12% 7,638
650-699 15% 9,547
700-749 18% 11,456
750-799 27% 17,184
800-850 13% 8,274