Would you like to secure auto financing in Bald Knob, AR with poor credit or zero down? At Auto Loans Arkansas, our network of Arkansas auto loan lenders has you covered. You can apply for car loans in Bald Knob AR in just a few minutes.
Car Finance Basics
- First off, you want to apply online.
- We try to connect you with the right Arkansas car loan company for your location, income, and down payment.
- Sign your auto finance documentation and pick your car from an area dealership.
Visit here to submit your application online.
- Average Bald Knob Income: $29,202 Annually
- Average AR Credit Score: 668
Nearly all auto loan lenders will expect you to earn at least $1500 income per month, and the amount you spend on existing debts, including your new loan, shouldn’t exceed one half of how much you make per month. For folks who live in Bald Knob, AR, this comes out to $1,217 (average).
Don’t meet these requirements? Fear not. You should still be eligible with a co-buyer, more money down, or through buy here pay here financing in Bald Knob, AR.
With regards to Arkansas car loans, you should commit only 18 to 20% of your regular monthly wages for such things as:
- Car Payments
For the typical Bald Knob motorist, this means $438-$487 per month. Getting a used car loan is best, since brand new cars lose value too fast to be a wise expense.
Buying a Car With Bad Credit in Bald Knob, AR
It’s very important to budget appropriately for your car loan. So please never set aside more than 15% of your income a month toward paying off your bad credit loan.
- $365: 15% of average income in Bald Knob, AR
- $122: 5% for fuel, servicing, etc.
Also, you want to provide the biggest down payment you can. Sure, we could help you obtain Arkansas automobile financing with no money down, but such loans come with a heightened chance of becoming upside down.
Dealerships That Accept Bad Credit in Bald Knob (AR)
Want to buy a car in Bald Knob, AR without having your credit checked? Buy here pay here car lots may very well be the only choice.
When it comes to bad credit dealerships, also called no credit check or your job is your credit dealerships, your auto loan comes from the dealership directly. Simply put, these car dealerships provide in house auto loans to Arkansas residents who’ve got poor credit. For some folks, getting their car loan with no credit check may seem great.
Alas, there are some key drawbacks. We would be remiss not to talk about:
- Inflated Apr
- Predatory Financing Tactics
- Sizeable Down Payments
- High Mileage Used Cars and Trucks
Never ever visit a bad credit car lot that you have not yet researched. Make sure you track down someone who has obtained a car or truck from them before, and learn if the dealership is reputable.
Car Lots That May Offer Auto Credit in Bald Knob (AR)
- Huntsman Farm Store or Liberty Valley Autosales, 400 Highway 64 E 72010
- 167 Auto Sales, 1494 Highway 167 72010
- Bill’s Auto Sales and Salvage, 407 Highway 167 North 72010
- Gary & Sons Rods & Customs, 816 Highway 167 North 72010
- H & S Auto Sales, 803 Highway 167 North 72010