Looking to find auto loans in Springfield, Massachusetts? Here at Auto Loans Massachusetts, we can help you get in the driver’s seat within 24 hours. What are we charging for this service? Absolutely nothing.
Approval and Interest Rate
The city’s average per year income is $20,616, while the average credit rating is 703. The higher your credit rating, the lower your loan rates.
Generally, car loan lenders will expect you to make no less than $1500 income monthly. Aside from that, your level of existing debt, including your new loan, should not be more than half of your income. In Springfield, Massachusetts, this comes out to $859 (average). Income or credit score lacking? You should still be eligible with a co-signer, more money down, or even with buy here pay here car lots in Springfield, MA.
Zero Down Car Financing in Springfield, MA
Interested in zero down payment car loans in Springfield, MA? We can help. All you have to do is complete the quote request form. But don’t forget: down payments are highly recommended if you have the cash. By and large, loan companies will be pleased with an advance payment of 15 to 20%.
Another factor to consider is your monthly payment. Don’t commit more than 18 to 20% of your income for your Massachusetts auto loan. Below are numbers for the average Springfield car shopper.
- Annual Income: $20,616
- Per month Income: $1,718
- Payment Range: $309 to $344
Fico score been better? Find out more about bad credit auto loans below.
Car Loans with Bad Credit in Springfield, MA: Tips
Here’s a few tips to better your odds of qualifying.
- Supply More Money Down.
- Get a Co-buyer.
- If Needed, Get an Auto Loan Through a Dealership That Offers In House Financing in Springfield, MA.
Getting a Car With No Credit Check: Springfield (MA)
For many people in Springfield, MA, buy here pay here car dealerships are the last measure for getting a car loan.
When you go to a buy here pay here car lot, also referred to as a tote the note or in house financing car lot, the dealership won’t make use of 3rd party loan companies to approve financing. Simply put, these locations offer in house auto loans to Massachusetts residents with poor credit.
For some people, getting their car loan without a credit check seems awesome. Sadly, there are several main shortcomings. We’d be remiss to not talk about:
- Inflated Interest Rates
- Deceptive Lending Practices
- Substantial Down Payment Requirements
- High Mileage Used Cars
You need to look into any MA buy here pay here dealer online. Be sure to track down somebody who has purchased a car from them in the past. Ask them if they had a good experience.
Springfield (MA) Used Car Lots That Might Offer Auto Loans
- G P Auto Sales, 890 Boston Rd, 1119
- LINCOLN STREET MOTORS, 78 Lincoln St, 1105
- Quality Rides, 1650 Bay St, 1109
- Auto World by Bertera, 1709 Page Blvd, 1104
- Car Lot, 1179 State St, 1109
- Bay State Nissan Inc, 454 Boston Rd, 1109
- Jon’s Used Cars, 11 Batavia St, 1109
- Hilltop Motors, 167 Magazine St, 1109
- Howard Motors, 1120 State Street, 1109
- AGRO Automotive Inc, 419 Taylor Street, 1105
- Bob’s Used Cars, 522 Page Boulevard, 1104
- Mr H Auto Sales Inc, 1725 Page Boulevard, 1104
- Excellence Auto Exchange, 1620 State Street, 1109
- Baystate Auto Sales, 720 Berkshire Avenue, 1109
- Excellent Auto Sales, 269 Page Boulevard, 1104
- Car Company Inc, 1174 State Street, 1109
- Affordable Auto Sales, 201 Berkshire Avenue, 1109
- Margaret and Company, 1196 State Street, 1109
- Action Auto Sales, 78 Lincoln, 1109
- Mutual Enterprises Inc, 255 Berkshire Avenue, 1109
- Bailey Motors, 321 Allen Street, 1108
- Bear Auto Leasing CO Inc, 510 Main Street, 1105
- Motor Cars Limited, 175 Spring Street, 1105
- Kleen KARS Inc, 1469 State Street, 1109
- Dave’s Motors, 202 Berkshire Avenue, 1109
- Annex Motors, 1567 State Street, 1109
- Empire Auto Sales & Service, 47 Colton, 1109
- Corona Auto Sales, 1204 State Street, 1109
- AA Automotive, 54 Winter Street, 1103
- Chris Auto Sales, 76 Boston Road, 1109
- East Springfield Auto Sales, 620 Page Boulevard, 1104
- New England Association of Dealer Specialties, 83 Perkins Street, 1118
- Miranda Auto Body, 289 Mill St, 1108
- Good Deal Auto, 178 Boston Road, 1109
- Balise Ready Credit Used Cars, 440 West Columbus Avenue, 1105
- International Auto Sales & Repair, 715 Liberty, 1104
- C J’s Towing Unlimited Incorporated, 350 Pasco Rd, 1128
- JD Byrider- Springfield, MA, 1090 Boston Rd, 923
- Ready Credit Used Cars, 1525 State St, 6072
- Metro Jeep Chrysler, 484 Boston Rd, 1001