So you want to finance a car or truck in New Jersey, no loan from the bank required? We can help!
Old fashioned finance companies and banks won’t extend auto financing to customers in Camden, NJ beset by bad credit.
In Camden, as well as the rest of New Jersey, in-house car loans are another way of referring to buy here pay here financing. To start, you need to understand how car loans work at traditional dealerships. Basically, dealers associate themselves with specific lending companies. If you get your auto finance acceptance, the lending company actually purchases the automobile, and your payments are made to the loan provider. Buy here pay here car lots, on the other hand, offer automobile financing in house; this means they’re not subject to the same rules as the bankers and typical lenders. This enlarges their client base and improves your chances of getting approved.
Buy here pay here financing does have its drawbacks. Most notably, you will have to contend with expensive annual percentage rates. This could set you back a ton of money of the course of your repayment period.
So if your credit rating is good enough, it’s advisable to get your car via a car lot that caters to bad credit, yet isn’t going to cost you costly rates of interest. Car Lots USA has joined with the finest subprime auto loan lenders and in house financing car lots in Camden, New Jersey to deliver the ideal finance package for your situation. When you submit your application online, leading-edge web technology goes to work to match you to the ideal dealer for you. No costs, no obligations, and no headaches.
People who live in Camden, NJ, according to the US Bureau of Labor Statistics (www.bls.gov), earn $32,257 each year. You ought not devote over 10% of your yearly wages on car-related payments. In Camden, this comes out to $3,226. Of course, this does not include costs like:
- Other Cars
This should be an acceptable amount to get a used vehicle, even when you have bad credit.
Used Cars and Trucks in Camden, NJ to Avoid
When purchasing a pre-owned vehicle, you might want to stay away from certain models. Why? Because these automobiles are the most popular targets for thefts in New Jersey.
- 2000 Honda Civic
- 1994 Honda Accord
- 2000 Dodge Caravan
- 1991 Toyota Camry
- 1997 Nissan Maxima
- 1995 Jeep Cherokee/Grand Cherokee
- 2005 Nissan Altima
- 1996 Plymouth Voyager
- 2007 Toyota Corolla
- 2008 Chevrolet Impala
BHPH and Used Car Dealers: Camden NJ
- Diamond Motors. 1835 Colt Street. ZIP: 8103
- J & N Auto Sales. 3151 River Road. ZIP: 8105
- M & S Auto Sales. 750 Crescent Blvd. ZIP: 8104
- Champion Motors. 2935 Federal Street. ZIP: 8105
- Cars Unlimited. 3000 Federal Street. ZIP: 8105
- Furllo LLC. 911 Princess Av. ZIP: 8105
- Princess Avenue Auto Sales & Auto Body. 911 Princess Avenue. ZIP: 8103