Auto Loans in Staten Island (NY)

Would you like to get approved for financing before you ever step foot on the dealership? We can help. 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 our network of dealers and loan companies compete to fund your loan.

Staten Island Bad Credit Car Dealers

Subprime credit? Don’t worry. We help applicants with bad credit find a loan all the time. There are six main credit tiers when it comes to auto financing, and we work with companies that accept applicants in each of them. Many loan providers do require people with below-average credit to provide a down payment, but most users are approved right away. We can get you approved for financing by a bad credit car dealer in your area – and also, since we’re compensated by the dealers for referrals, it’s free!

How Much Do I Qualify to Borrow?

The table that follows depicts multiple loan amounts, based on a monthly income of $3,815, the average in Staten Island. These numbers are just estimates. You may be entitled to a larger or smaller sum, depending on other factors. Talk with an auto finance specialist to find out more.

Credit Score Income Factor Sum
Good Credit 10 $38,150
Average Credit 9 $34,335
Temporary Bad Credit 8 $30,520
Poor Credit 7 $26,705
Terrible Credit 6 $26,705

Just because you can borrow a particular amount, doesn’t mean you ought to. A smaller loan is highly recommended, because it will result in less financial pressure.

Should I Offer a Down Payment?

We do work with lenders who don’t require borrowers to provide a down payment. That said, a down payment affords you significant benefits:

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

With that being said, you don’t need a down payment to submit an application. We help our clients get approved all the time, despite issues with their credit and down payment.

Buy Here Pay Here Car Lots in Staten Island

If you’ve got very bad credit, then you probably know about buy here pay here sales. These dealerships do their own financing, rather than outsourcing this to third-party finance companies. The annual percentage rates are always high, but they often offer guaranteed approval.

It’s usually best to steer clear of these kinds of dealers and opt for an auto loan from a bad credit car dealership in Staten Island offering rates that aren’t so inflated. Apply today – let us get you approved.

Staten Island-Specific Financial Profile

The following are average stats for Staten Island residents.

  • Pre-Tax Earnings: $45,774 Per Year
  • Average Monthly Payment: $420 (11% of Income)
  • Recommended Monthly Payment: $305 to $382 (8%-10% of Income)

Curious about the credit ratings of your community as a whole? We have estimated how many Staten Island residents are in each range of FICO scores.

FICO Score % of Population Residents
300-499 2% 8,875
500-549 5% 22,186
550-599 8% 35,498
600-649 12% 53,247
650-699 15% 66,559
700-749 18% 79,871
750-799 27% 119,807
800-850 13% 57,685