Here at Auto Loans Massachusetts, we can help you secure car loans in Shrewsbury, even if your credit isn’t perfect. We’ve taken the stress out of financing a car in Shrewsbury and across Massachusetts. Best of all, our service is free of charge.
Income and Credit Scores
In Shrewsbury, the average annual income is $32,087, while the average credit score is 703. Obviously, these are just average numbers. You don’t need to make more than $1500 monthly to qualify for a car loan in Shrewsbury, Massachusetts.
Generally, car loan lenders will expect you to be currently employed with $1500 income a month. Additionally, the amount you spend on existing debts, inclusive of your auto loan, should not surpass fifty percent of your wages. In Shrewsbury, Massachusetts, this is $1,337 (average). Salary or credit score too low? No problem. You might still be able to qualify by going the extra mile in at least one of these ways:
- Provide Someone to Co-sign
- Furnish More Money Down
- Opt for Tote the Note Financing.
Car Loans with Zero Down Payment: Shrewsbury (MA)
Providing money upfront is important. In truth, almost all lenders will require it. How muchshould you offer up? The majority of loan creditors will be delighted by a down payment of 15 to 20%.
Financing a Car with Bad Credit in Shrewsbury, Massachusetts: Tips
Here are a few actions you can take to better your chances of meeting any lender’s requirements for a bad credit auto financing package in Shrewsbury, Massachusetts.
- Make Sure No Errors Are Lowering Your Credit Score.
- Supply a Larger Down Payment.
- Get a Co-buyer.
- If All Else Fails, Get Financed Through a Buy Here Pay Here Car Lot in Shrewsbury, MA.
By the way, we strongly encourage you to go with a low cost used car that offers decent gas mileage.
No Credit Check Auto Loans: Shrewsbury (MA)
Trying to choose a buy here pay here car dealership in MA? If you’re thinking that your only option is in house financing, we recommend that get a quick quote for bad credit auto loans in Shrewsbury, MA. These dealers go by a few different names: Tote the Note, Your Job is Your Credit, or in house financing dealerships in Shrewsbury, MA.
These types of car loans will often be provided without a credit check.
Sadly, you’ll want to think about a few key drawbacks. The APR rates and advance payments are high, and you’ll have little chance to re-establish your credit rating through such an establishment.
Even if you have bad credit, you may be able to get approved for an auto loan with better rates than you could expect at a buy here pay here dealer.
Dealer Loans in Shrewsbury, MA
- Global Enterprises, 235 Hartford Turnpike, 1545
- Preferred Auto, 171 Hartford Turnpike, 1545
- Program City Auto Brokers, 56 Hartford Turnpike, 1545
- Choice Auto Center, 429 Boston Turnpike, 1545
- Imports Plus Inc, 255 Boston Turnpike, 1545
- Govoni A Backhoe Service Inc, 567 Hartford Turnpike, 1545
- Ellis Towing & Recovery, 152 Hartford Turnpike, 1545
- Foley Motorsports, 894 Boston Turnpike, 1545
- Patrick Subaru, Volkswagen and Saab, , 1564
- Program City Auto Brokers, 56 Hartford Tpke, 1564
- Wagner Kia of Shrewsbury – New & Used Cars, 730 Boston Tpke, 1501