If you’re shopping for a new car, chances are you need a car loan. As opposed to waiting until you are in a high-pressure situation at the dealership, we enable you to line up a car loan ahead of time. Experience the convenience of having a devoted financing consultant who can answer the questions you have and arrange your loan.
Cars Both Used and New in Brandon
If you want the best value for your money, then a pre-owned car is the way to go. Regardless of steeper loan rates, used cars cost less, as is clear in the table below.
|New Car||1 Year Old Car||2 Year Old Car||3 Year Old Car|
|Duration||5 years||4 years||4 years||4 years|
You don’t need to decide now, but if you submit your application, you can chat with a vehicle finance professional about your options.
Financing a Car with Bad Credit in Brandon
If you’ve got first-rate credit, you will probably benefit from low annual percentage rates and advantageous terms, but a lot of us don’t have this privilege. Naturally, you don’t want to waste a lot of time searching for a bank or dealer in Brandon that will work with the lower end of the credit spectrum. It’s likely that we can match you with a lender or dealer in your area who is ready to approve your credit. Keep in mind that financing a car can increase your credit score substantially. On the flip side, missing just one single payment can drop your score substantially. Set aside 8% of your monthly income, that’s it, for your car payment. If you are like the average Brandon resident and earn $36,331 per year, this would be $242.
Buy Here Pay Here Dealerships in Brandon, MS
The BHPH industry wants you to think that nobody but them will approve you, yet this is very rarely the case. Sure, they don’t check your credit, which means your credit problems probably won’t be an obstacle to approval, but odds are you will pay too much for this privilege. Alas, you will be faced with inflated interest rates, high down payments, and well-used vehicles that are overpriced. Even worse, these dealers almost never report to the credit reporting agencies, and that means you could make each and every payment in a timely manner without any lift in your FICO score.
Loan Pre-approvals for Brandon Consumers
Curious as to how much you can finance based on factors such as your income and credit? We’ve included a table depicting potential pre-approvals for Brandon residents with an income of $3,028 per month, the average in Brandon, Mississippi.
|Credit Score||Income Factor||Loan|
You don’t want to get a loan than you really need, simply because it’s possible. Check out this table demonstrating what car can be afforded with a monthly payment of $242, 20% down payment, and 5-year term.
|Excellent Credit||Okay Credit||Poor Credit|
|Total with Interest||$17,863||$17,593||$17,320|
Dealers in Brandon, MS
|Gray-Daniels Ford Lincoln||201 Octavia Dr||39042|
|Heritage Auto Group Llc||1520 W Government St||39042|
|Rogers-Dabbs Chevrolet||1501 West Government St||39042|