Get an Auto Loan Quote

Astoria (NY) Used Car Lots That Finance In House

Tired of getting turned away for a car loan in Astoria, NY? Of course you are. It’s well known that lenders prefer to finance applicants that have a good credit record. Consider someone’s credit ratings as their track record. If a candidate lacks favorable credit, they will be scared to grant them an auto loan. The good thing is, loans from banks are not the only way of financing a car, truck, or SUV. This method is easier, no doubt.

For folks who aren’t able to get a loan from the bank, there is an alternative choice.

Auto Dealers That Guarantee Auto Financing in Astoria, New York?

To get more people approved, more and more dealerships are financing bad credit on the spot. Whereas loan providers only generate a profit through the interest rate they charge their clients, car lots generate a profit off of auto sales, which means they’re able to finance far worse credit scores than finance institutions without placing themselves at such a great risk, even with:

  • Previous Bankruptcy
  • Previous Repossession
  • Previous Foreclosure
  • Loan Deliquency
  • VISA or Mastercard Debt
Car Finance in NY
Fast Approvals!

A lot of these dealerships place less emphasis on your fico score than your ability to pay. So they will ask you to offer proof of income in the form of a bank statement or your most recent W2, as well as work references. The salesman will utilize your salary, pre-existing debt payments, and financial situation to establish which vehicles that will meet your needs. To be sure, down payments are almost always a requirement.