Are you in the midst of the car-shopping process? Have you secured financing yet? We’d be happy to help. Instead of waiting until you’re in negotiations at the dealership, we allow you to line up a car loan in advance. The benefits are myriad:
- No need to negotiate price and financing simultaneously
- Much less time spent at the dealership on the day of purchase
- Exponentially improved negotiating leverage with dealer salespeople
Don’t hesitate. There are finance consultants standing by, ready to get you the loan you need. Go here to apply–it’s a snap!
Cars Both New and Used in Pascagoula
Brand new cars enjoy less expensive loan rates than pre-owned cars, but they demand much higher purchase prices and down payments. Regardless of more expensive loan rates, used cars cost you less, as is depicted in the comparison .
|New Car||1 Year Old||2 Years Old||3 Years Old|
|Percent of Original Price||100%||75%||60%||50%|
Newer cars are deemed lower risks, however, which may be an important factor if you have credit problems.
Financing a Car with Bad Credit in Pascagoula
Poor credit has a few disadvantages:
- You will have to pay more in interest.
- You have to put more money down.
- You have to opt for a shorter term loan.
Far too many people are convinced they have to get approved by a buy here pay here car dealership in Pascagoula, on account of a bankruptcy or repossession, but chances are you can get approved at a more affordable rate from a more trustworthy company. Fortunately, we serve clients who have credit problems of all kinds, getting them approved for the loans they need.
Credit Report Inaccuracies
Mistakes on a person’s credit report are actually pretty prevalent. Have you checked that your credit report is free of errors?
Thank goodness, it doesn’t take all that long to contest any kind of irregularities, and the process could lead to a lower and superior terms.
Buy Here Pay Here Financing in Pascagoula, MS
Many people resort to buy here pay here car lots, thinking that they will only be able to finance a car at a place like this. Not so. Dealers like these will approve just about anybody, no matter their credit, but there are negatives. Drawbacks include:
- Outrageous Interest
- Massive Down Payments
- Steeply-Priced Cars and Trucks
- GPS Tracking Devices
If that weren’t enough of an issue, these car lots seldom report to the credit agencies, so you could make each and every payment month after month without a lift in your credit score.
Pascagoula Income and Finances
- Annual Income: $19,257
- Monthly Income: $1,605
- Suggested Car Payment: $128 (8% of monthly income)
How much you ought to spend on a new car or truck is based on numerous factors. These estimations derive from payments of $128, which is 8% of the average consumer’s monthly income in Pascagoula, along with a 20% down payment and 60 month repayment terms. Lending rates are estimated.
|Great Credit||Fair Credit||Bad Credit|
|Total with Interest||$9,469||$9,325||$9,180|
Ready to Get Financed?
At Mississippi Auto Finance, we take great pride in getting in the driver’s seat of a new car. We will place your application with a finance professional from a dealer or lender in your area.