In search of auto loans in Mena, AR? Auto loan companies and car dealerships that do in house financing in Mena have applied rigid approval criteria nowadays. This is really true when you have: :
- Little to No Credit
- Horrible Credit
- Property Foreclosures
- Credit Card Debts
But at Auto Loan Arkansas, we have partnerships with several financial institutions who are able to offer auto loan financing in Mena. Relax knowing your information will be safeguarded by SSL security.
- Average Mena Income: $25,359 Per Annum
- Average AR Credit Score: 668
For the best odds of approval, you should have:
- Wages In Excess Of $1500 Per Month
- No Less Than 1 Year At Current Employer
- Monthly Debts Less Than 1/2 of Earnings
Don’t meet these standards? You might still qualify with a co-signer, larger down payment, or even with buy here pay here car lots in Mena, AR.
Zero Down Payment Auto Loans: Mena (AR)
Of course, we can help you to get no money down car financing in Mena. However, down payments are always recommended. Divide the cost of your chosen car or truck by 5. If you can come up with this much, you would be offering the ideal down payment. But the truth is, you could probably meet the minimum requirements with a down payment of half that much, if not less. We also work with zero down payment car lots in Mena, Arkansas.
Auto Loans With Bad Credit in Mena, Arkansas
It’s very important to budget appropriately for your auto loan. After all, you can’t afford to make your credit rating even worse. So please don’t dedicate more than 15% of your income monthly toward paying down your bad credit loan. The actual amount will vary based on a person’s take-home pay, but for the average Mena resident, it comes out to about $317. Additionally, it’s good to supply a considerable down payment whenever you can. New automobiles lose value immediately, and a down payment serves to counteract this.
Given this current economic climate, it is best if you go with a more compact vehicle that offers good gas mileage.
Post-Bankruptcy Auto Loans: Mena (AR)
Have you been through a bankruptcy or foreclosure? A lot of folks are concerned about whether or not they can buy a car after bankruptcy or repossession. Sure, it may take some added work, but there are creditors who provide car loans for people with bankruptcy in Mena, AR. Although bankruptcies stay on your credit report for quite a while, a large number of loan companies can approve auto loans after just 2 years.
Bad Credit Dealerships in Mena, AR
Considering a buy here pay here dealership in AR? Before you go with an in house financing auto loan, we hope you submit your application for auto financing with bad credit in Mena, AR.
At a buy here pay here dealership, also referred to as no credit check or in house financing dealerships, the car loans are authorized on-site. Basically, these dealers grant in house car loans to Arkansas residents with poor credit.
To many applicants, getting their car loan without any credit check sounds awesome. Regrettably, you’ll want to think about several key cons. We would be remiss not to mention:
- Outrageous Rates Of Interest
- Aggressive Lending Tactics
- Hefty Down Payment Requirements
- High Mileage Used Cars and Trucks
Make sure that you investigate any AR in house financing car lot on the internet. You’ll want to find a friend or relative who has dealt with them recently, and learn whether or not they had a good experience.
Businesses That May Offer Auto Credit in Mena, AR
- Bob Carver’s Cars and Trucks, 1000 Highway 71 North 71953
- Carver Chevrolet-Olds Cadillac Buick Pontc GMC Inc, 1000 Highway 71 North 71953
- Carver Chrysler Plymouth Dodge Jeep, 1000 Highway 71 North 71953
- EZ Auto Sales, 105 Ward Lane 71953
- Lawrys Used Cars, 3008 Highway 71 S 71953
- Mena Auto, 3370 Highway 71 South 71953
- Mena Ford Inc, 1103 Highway 71 North 71953
- Willhite Auto Sales, 1002 Highway 71 South 71953
- Woody’s Pre-Owned Cars & Service, 2202 Highway 71 South 71953