There are so many different hoops to jump through when you have bad credit and want to purchase a car. But you can at times pass all the bad credit stuff if you have the requirements from the car dealership.
Now most car dealer wants you to have some kind of down payment to help with the auto loan for a used car in Atlanta Georgia. It only helps you to have a down payment for the length of the auto loan.
A down payment actually helps your chances of getting approved with the auto lender and the car dealership. But you want to make sure you save for the down payment of the used car before you talk to the car dealership.
Bigger down payment means better approval chances
The bigger the down payment the less you will have to pay on the auto loan over time. It’s recommended that you put 10-20% down on a used car in Atlanta.
Sometimes more if depend on your credit and your income. The more money you have to put down on a used car the better the car dealers will want to work with you.
Auto lenders don’t want to finance anyone that doesn’t have a job or the income to pay off the loan. Your considered high risk and you might want to look at buy here pay here car lots in Atlanta.
Atlanta buy here pay here car lots
Buy here pay here car lots don’t have to many approval requirements for you to purchase a car.
But before you do that you will want to shop the auto loan rates at your credit union as they tend to have lower rates and will work with you on a lot more down the road. You just have to show you can pay down the auto loan.
We have you covered in Atlanta Georgia as we connect car dealers to car buyers with any credit good or bad with any type of down payment you may have we have a car dealership that can assist.