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Car Loans – Southbury (CT)

We place consumers searching for auto loans in Southbury, CT with our loan providers and car dealers, who have specific auto financing services. When it comes to car loans in Southbury, excellent loan applicants have a minimum of $18,000 income per annum, have adequate space in their finances for their new auto loan payment, and they have consistent income from employment, retirement, or pension.

All the same, we encourage you to apply whether or not you meet these standards.

Southbury CT Auto Loans

Buying a Car with Bad Credit: Southbury, CT

Bad Credit Car Loans Southbury CT
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There are 18,567 men and women living in Southbury, and up to 5,570 of these individuals have fico scores that are subprime or worse. Luckily, having a bad credit score is only a concern if you attempt to get your Southbury car loan approved at a normal bank. With regard to bad credit car loans in Southbury, we find you the money you’re looking for with a rate that’s manageable.

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Our dealerships and loan providers don’t want you to invest too much on any Southbury auto loan. That’s because exceeding one’s budget worsens the probability of missing payments. Not surprisingly, that is bad for the lender and the consumer. Be sure not to spend too much on your Southbury CT car loan, bad credit or no. As an example, you shouldn’t dedicate more than 10% of your income for a car loan. Southbury, CT applicants make roughly $61,919 per year. Here is a quick analysis of a typical Southbury consumer’s auto financing budget:

Earnings Per Year

Wages Monthly

Repayment

Car Cost

  • $61,919

  • $5,160

  • $516

  • $21,672

What about down payments? If you can offer a down payment, do so. You can sign up for no down payment car loans in Southbury, CT, but down payments are always a good option. Normally, dealerships are looking for down payments from 10 to 20%. For a $21,672 vehicle, this is $2,167 to $4,334.

In House Financing Car Lots Southbury (CT)

Auto Loans Southbury CT

A growing number of consumers are looking towards in house financing dealerships in Southbury, otherwise known as buy here pay here financing. The thing is, these dealerships have a couple of drawbacks:

  • Down Payments: Hefty
  • APR: Expensive
  • Payments Must Be Made Weekly
  • Unethical Techniques

Allow us to get you an auto loan in Southbury, CT with:

  • More Competitive Rates
  • Cheaper Down Payments
  • Monthly (Not Weekly) Payments

Southbury Dealerships and Auto Lenders

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