On account of these tough economic times, lenders have been tightening up their approval requirements, and that means it’s more challenging than ever to get approved for car loans. But regular bank loans are not the only, or even always the very best way to get financed. Have you considered buy here pay here dealerships in Collinsville, IL?
They will not simply deny you when your fico scores aren’t 620.
While a regular car dealership prefers that you pick a car or truck first, then talks to you about financing, BHPH dealerships in Collinsville, IL are the exact opposite.
Suggested Monthly Installments: Collinsville (IL)
In general, you should allot only 1/5th of your monthly budget for vehicles, and less than 10% on your car loan payment itself. For residents of Collinsville, this is roughly $366 (average). Ponying up more than this can ruin your finances. Please don’t let yourself be persuaded otherwise.
Pre-arranged auto financing makes it simpler to get your credit approved. We have extensive partnerships with car dealerships that are able to finance your credit online.
Buy Here Pay Here Guidelines
Trying to figure out whether you meet the criteria? The bad credit auto dealers in Collinsville, IL will require:
- Proof of Earnings
- Upfront Payment
- Drivers IL License
- Proof of Employment