Are you looking to buy a new or used vehicle, but you need to work out financing? We can help. We give you the ability to apply for financing through our extensive network of dealers and lenders. Let us match you with a finance consultant who can help you arrange the car loan required for the vehicle you desire.
Cars Both Used and New in Laurel
Have you decided what type of car or truck you want? Do you want it to be new or pre-owned? What follows is an analysis of the cost to finance a car that is brand new, compared to one which is 1-3 years old.
|New Car||1 Year Old||2 Years Old||3 Years Old|
|Duration||5 years||4 years||4 years||4 years|
Having said all that, you may have less trouble financing a new car if you have a bad credit score, as approval standards for new cars are a bit less strict. Apply online to to talk with a finance professional.
Considerations for People in Laurel with Bad Credit
Have you got a low credit score as a result of such issues as delinquent debts, company layoffs, repossession, or bankruptcy? Although less-than-perfect credit can make it challenging to finance a new or used car, it’s not impossible.
Through us, you can contact a vehicle lending expert from a lender or dealer in Laurel who is willing to work with your credit.
Should Your Score Be Stronger?
If you want to minimize your interest rate, don’t neglect to look over your credit report for errors that could be decreasing your score.
Make sure you review your credit history a minimum of one time each year. Neglecting to take action could contribute to higher rates, smaller sized loans, and less chance for approval.
Buy Here Pay Here Dealerships in Laurel, MS
For people with major credit problems stemming from bankruptcy or foreclosure, a buy here pay here dealer could possibly appear to be a good plan. Dealers like these will approve practically anyone, no matter their credit, but there are negatives. Drawbacks include:
- Exorbitant Interest rates
- Extortionate Down Payments
- Steeply-Priced Vehicles
- Aggressive Repossession Tactics
Is strengthening your credit a priority for you? If so, you are better off applying through us, as BHPH dealers won’t assist you in improving your credit.
Laurel Income and Finances
- Income Per Year: $14,135
- Monthly Income: $1,178
- Optimal Monthly Payment: $94 (8% of monthly income)
Are you wondering how much car you really can afford? Check the chart below, but bear in mind the lending rates are only estimates, and the amounts are based on an income of $14,135 a year, the Laurel average. Loan length is 60 months.
|Excellent Credit||Okay Credit||Poor Credit|
Ready to Find Your Loan?
Let us get you in the driver’s seat of a new car. We will connect you with a finance manager from a dealer or lender located in Laurel.