Bad Credit Auto Loans: Massachusetts (MA) – Auto Loans Massachusetts (MA)

At Auto Loans Massachusetts, a low credit score is not an issue. Listed below are Massachusetts credit scores as a whole:

Avg MA FICO Score: 703
Credit Rating Viewed as “Poor”: less than 620
Number of People with a Low Credit Score: 1,964,289

Nobody likes to get rejected. We may be able to help. Please click here to submit your application online. The majority of loan creditors impose a down payment requirement (normally 10%), coupled with a minimum debt-vs-income ratio (no greater than 1/2 of income being put toward debt payments every month).

Car Loans Massachusetts — Get Pre-Approved!

It’s essential to plan appropriately for your auto loan. This rule of thumb is crucial: do not allocate more than 15% of your income each month toward repaying your auto loan.

$691: 15% of average income in Massachusetts
$230: 5% for gas, routine maintenance, etc.

In addition, you should furnish the largest down payment you can. New cars and trucks depreciate immediately. A down payment counteracts this. Also, we urge you to purchase a budget friendly used car or truck that offers good fuel economy.