Here at Auto Loans Massachusetts, we make it easier find the auto loan in Boston MA you need, whatever your credit score. Here at Auto Loans Massachusetts, it’s our mission to help you get behind the wheel quickly and easily. The application process will take less than 2-3 minutes.
This is how the process works.
After you request pre-approval, we put you in touch with the best Massachusetts car loan lender for your application details. Then all you need to do is finalize your car loan documents and pick your car or truck from a local dealer.
Just click here to submit your secure application.
Zero Down Payment Auto Loans: Boston (MA)
Putting money down is a good idea. In fact, many lenders require it. What amountshould you offer up? Divide how much the vehicle you want costs by five (20%). If you can come up with anywhere near this much, it would be a stellar down payment, but you could probably satisfy your lender half that much, if not less. We even work with a few no money down car lots in Boston, Massachusetts.
An additional thing to consider is your installment payment. Don’t commit in excess of 18-20% of your income for your Massachusetts auto loan. Here are some numbers for the average Boston car shopper.
- Annual Income: $24,847
- Monthly Income: $2,071
- Payment Range: $373 to $414
Poor credit? Find out more about auto loans for people with bad credit in Boston, MA below.
Financing a Car with Bad Credit in Boston, MA
It’s important to budget the right way for your Massachusetts car loan. This guideline is key: never spend over 15% of your income a month toward paying back your bad credit car loan.
- $311: 15% of average income in Boston, MA
- $104: 5% for fuel, servicing, etc.
On top of that, you want to offer a substantial down payment if you can. Of course, we could help you get Massachusetts automobile financing with no money down, but these come with a heightened risk of becoming upside down.
Mind you, we strongly encourage you to buy a budget friendly used car or truck that offers good gas mileage.
Car Lots That Finance Bad Credit: Boston, MA
For many folks in Boston, MA, buy here pay here car lots are becoming the last resort with regards to getting approved. These dealers are often referred to as: Tote the Note, Your Job is Your Credit, or in house financing dealerships in Boston, MA.
To some people, getting their car loan with no credit check may seem like the way to go.
Sadly, you’ll want to bear in mind some potential shortcomings:
- Exorbitant Apr
- Significant Down Payments
- Cars With Lots of Miles
Even if you have a bad credit score, there’s a good possibility you could get approved for the Massachusetts auto loan you want without turning to tote the note financing.
Dealerships That Work With Bad Credit in Boston, MA
- Affordable Auto Sales, 1050-1048 Blue Hill Ave, 2124
- Avenue Auto Wholesale, 1121 Dorchester Avenue, 2125
- East Boston Auto Sales, 421 Border St, 2128
- Chevrolet – Howard Chevrolet, 361 Belgrade Ave, 2132
- J & G Auto Sales, 530 Amer Legion Hwy, 2131
- Old Colony Auto Sales, 150 West Broadway, 2127
- Brothers Autobody, 328 Washington Street, 2108
- Plus More Auto Sales, 255 Washington, 2121
- Copley Motorcars, 441 Stuart Street, 2116
- Boston Auto Sales CO, 60 Kilmarnock Street, 2215
- Premium Auto Detailing & Carwash Service, Post Office Square, 2109
- Rachel Motors Inc, 45 L Street, 2127
- Dollar Rent A Car, Logan Airport, 2128
- Fran’s Automotive Inc, 43 Preble Street, 2127
- Queensbury Adjustment Serv, 60 Kilmrnck, 2215
- Import Automotive Services, 880 Comnwlth Av, 2215
- Angelo’s Auto Body, 233 Condor Street, 2128
- Motorland Inc, 90 Freeport Street Suite 1, 2122
- Clair Toyota, 1575 Vfw Pkwy, 2132
- Jim’s Auto Sales, 466 Bennington Street, 2128
- Boston Cheap Cars, 178 Hyde Park Ave, 2144