Are you interested in finding a car loan in Great Neck, NY with bad credit or no down payment? Yes, the economy has been tough, but there are loan providers who need your business, and we can help you track them down. The application process is painless, and no down payment is required.
Car Loan Application Process
First off, you want to apply online. We match you, if possible, with the ideal auto loan provider in Great Neck, NY, given your needs. When pre-qualified, you will be contacted by your New York car loan provider either by telephone or email. Then all you need to do is finalize your auto loan paperwork and pick your car or truck from a local car dealership.
Just click here to apply online.
What amount should you spend on a car loan? Well, here is a solid general guideline: devote just 1/5 of your monthly income for stuff like your:
- Monthly Payments
- Repairs and Maintenance
For your average Great Neck resident, this comes out to $850-$945 a month. Never fork out more than 1/5 of your income on your car.
Auto Loans with Bad Credit in Great Neck, New York: Tips
It’s important to plan properly for your car loan in Great Neck, NY, especially if you’ve got poor credit. You wouldn’t want to make your credit rating worse. This principle is crucial: don’t commit over 15% of your income a month toward paying down your bad credit car loan. For the average Great Neck resident, this translates to $708. Aside from that, it’s good to supply a sizeable down payment whenever possible. Of course, we could help you get New York car loans with no money down, but these come with a greater risk of negative equity.
No Credit Check Auto Financing: Great Neck (NY)
Interested in getting a used car or truck in Great Neck, NY with no credit check? Buy here pay here car lots might be the only course of action. These car lots go by a few different names:
- Your Job is Your Credit Dealerships
- In House Financing Dealerships
- Bad Credit Car Lots
If you have poor credit, going with a tote the note car lot in Great Neck, New York might sound perfect. Regrettably, they have a few potential downsides:
- Extortionate Interest Rates
- Deceptive Financing Tactics
- Sizeable Down Payments
- High Mileage Used Cars
Be sure to research any NY buy here pay here car lot on the internet. Attempt to track down somebody who has bought a vehicle from them before, and find out whether or not the car lot is legitimate and honest.
Dealerships That Finance People With Bad Credit in Great Neck (NY)
- Island Auto Sales Inc, 1208 Jericho Turnpike, 11040
- Volkswagen GC, 1 Jericho Tpke, 11433