In Athens, GA, the credit rating average is 668, but industry analysts calculate that at least 20 percent of citizens now are affected with bad credit. We did the math. That’s 20,423 people!
Old fashioned banking institutions and loan companies will not approve auto loan financing to people in Athens, GA that are burdened by problems, for example:
- Damaged Credit
- Past Due Repayments
This form of lending is often known as in house financing in Athens and the rest of Georgia. You will find that the majority of dealers will never do financing in-house. Yes, it’s true. In fact, they get third-party loan companies to address the financing part of the equation. The lender is the one who actually lays out the credit rating criteria. Buy here pay here car dealers, on the other hand, offer auto loans in house; what this means is they aren’t dependent upon the bankers and conventional loan providers. This makes it easier for you to get behind the wheel of a new vehicle, while making it much much easier for them to sell autos to the 20,423 residents of Athens who’ve got a low credit score.
Alternatives to BHPH Car Loans
Even though your credit score has seen better days does not mean out of luck and have to decide on in house financing. All things considered, buy here pay here car dealers do have some disadvantages: expensive rates of interest, high down payments, and minimal ability to re-establish your credit rating.
Luckily, buy here pay here dealers are not the only loan companies with whom we’ve partnered.
The process is rather pain-free:
- Get Pre-Approved.
- Be Confident Your Data is Safeguarded by Data Encryption.
- Check Your Credit Score While You’re Matched with the Perfect Dealership or Loan Provider.
- Buy Your Car or Truck!
In House Financing Payments in Athens, GA
The typical income of Athens residents is $11,790. Please don’t dedicate over one-tenth of your annual salary on auto payments. This translates to $1,179. But bear in mind, this does not include the cost of gas, routine maintenance, and car insurance. This should be all it takes to buy a pre-owned car when you have below-average credit.
Most Stolen Vehicles in Athens, GA
If you are shopping for a used vehicle, you may wish to stay away from a couple different models. These are the most stolen automobiles in Georgia.
- 1994 Honda Accord
- 1994 Honda Civic
- 2004 Ford F150 Pickup
- 1994 Jeep Cherokee/Grand Cherokee
- 1990 Chevrolet 4x2Pickup
Auto Loans with No Credit Check in Athens, GA
Many Georgia residents find themselves searching for no credit check car loans in Athens, GA. In reality, this can hold back your credit. You heard right. For you to improve your credit, you should show that you’re able to pay down your debts. But the credit bureaus overseeing your account are basically blind when it comes to payments not reported to them.
Odds are, a dealership does not be filing anything with the credit agencies if they never perform any credit assessment when you get your car loan. This is why any marginal reduction in your credit score can often be compensated for by the future improvement in your credit rating. Most of the dealers in our network file with the credit agencies.
Credit Checks: Will My Score Decrease?
Hard credit pulls like the kind made by a lender will drive down your fico score roughly 1% for approximately 6 months.
The Pre-Purchase Inspection
It is important to make sure that any pre-owned car is scrutinized by an impartial auto technician. Normally, this will set you back approximately $100. Many in house financing car dealers in Athens, GA, don’t permit the vehicle to be driven away from the car lot before being sold. Fortunately, there are now traveling inspection providers that can show up at the dealership for their assessment.
Used and BHPH Car Dealers: Athens GA
- AAA Body Shop. 455 Hawthorne Ave. ZIP: 30606
- D R Motors. 750 W Broad St. ZIP: 30601
- Heritage Motor Company Inc. 1355 Danielsville Rd. ZIP: 30601
- L O Auto Sales. 225 Collins Ind Blvd B. ZIP: 30601
- Athens Auto Ranch Inc. 1505 Lexington Road. ZIP: 30605
- Brown Paul Motors Inc. 420 Hawthorne Avenue. ZIP: 30606
- Affordable Used Cars. 1050 Danielsville Road. ZIP: 30601
- Allen Mitch Auto Sales. 4012 Danielsville Road. ZIP: 30601
- Bonner Marc. 1230 Danielsville Road. ZIP: 30601
- Georgia Square Auto Center. PO Box 7819. ZIP: 30622
- Gresham Used Cars. 1495 West Broad Street. ZIP: 30606
- Jim Hanley Auto Sales. 1480 Danielsville Road. ZIP: 30601
- Heyward Allen Toyota. 2950 Atlanta Hwy. ZIP: 30606
- Holton Motor Company. 890 East Broad Street. ZIP: 30601
- Big Dog’s Tire & Svc. 2375 W Broad St. ZIP: 30606
- El Primo Auto Sales. 2400 Danielsville Road. ZIP: 30601
- Honda Phil Hughes. 3200 Atlanta Hwy. ZIP: 30621
- Acura of Athens. 2890 Atlanta Hwy. ZIP: 30621
- Heyward Allen Motor Company. 2590 Atlanta Hwy. ZIP: 30621