At Auto Loans Connecticut, you may find yourself eligible for an auto loan, even though your credit rating is sub-standard. In Connecticut, the average shopper has got a credit rating of 694, which is itself typically thought of as subprime credit. This means a whole lot of folks need bad credit car loans in Connecticut.
If you have bad credit, Auto Loans Connecticut may be able to match you with companies who provide Connecticut bad credit car loans each and every day. Click here to submit your application online. Most loan-matching websites say that all candidates are accepted, which is simply untrue. Here are the facts: we’re able to get 35-40% of our consumers bad credit car loans in Connecticut.
It is essential to plan appropriately for your Connecticut car loan. After all, you don’t want to make your credit score even worse. So please never commit above 15% of your income each month toward paying off your loan. For the average Connecticut resident, this means $725. Besides that, it’s good to offer the biggest down payment possible. New cars lose value instantly, but a down payment counterbalances this. What kind of vehicle should you buy? Pre-owned. Used cars and trucks are quite a bit cheaper to finance and to keep covered with insurance.