Don’t think you can get a car without a loan from the bank? It’s easier than you think!
Regular financing companies and banks, regrettably, won’t extend auto loans to buyers that have a bad credit score.
Used car dealers in ND with buy here pay here financing, however, allow buyers to pay for pre-owned cars with per month repayments – without regard to their overall credit score. These car lots put the emphasis on income over credit history. If you have the power to afford your payments, they may be prepared to put aside your credit ranking. You will recognize these dealerships just by their advertising language, such as We Tote The Note, We Finance, or Your Job is Your Credit.
ND Your Job is Your Credit Financing: Key Downsides
Buy here pay here financing does have its drawbacks. Most importantly, there are the exorbitant car loan interest rates. This could cost you a small fortune of the course of your repayment period.
If you learn that your credit rating is adequate, you may want to purchase your car through a car lot that is open to damaged credit without charging you such pricey interest charges.
Car Lots USA has partnered up with the most comprehensive network of subprime lending companies and in house financing dealerships in North Dakota to offer the most suitable finance package for your credit profile and household income. Once you submit our simple contact form, sophisticated matchmaking software goes to work to match you with the right car dealership for you. There are no costs, no commitments, and no hassles.
In House Financing Car Payments in ND
In North Dakota, people earn something like $33,086 a year (based on US census data). You shouldn’t dedicate more than 10% of every dollar you make on automobile-related costs. This equates to $3,309. But remember, you need to think about how much insurance will cost ($591 a year in ND), as well as fuel prices ($2.78 a gallon as of ’08 and rising). This should be plenty of money to finance a used car with bad credit.
Most Stolen Vehicles in North Dakota
When buying a pre-owned vehicle in North Dakota, there are some cars you might want to avoid. Here are the most stolen cars in North Dakota.
- 1996 Chevrolet Extended Cab 4×4 Pickup
- 2001 Pontiac Grand Prix
- 1989 Oldsmobile Cutlass
- 2005 Ford Taurus
- 1997 Honda Accord