Auto Loans in Brighton (MA)

If you need to finance a car, we can help. The advantages of our service are significant:

  • Vast Network of Lenders
  • Stress-Free Application
  • No Fees, Zero Obligations
  • Zero Down Payment Necessary
  • Any Credit Approved
  • Approval Status Tracked Online

The actual application is entirely web-based, and many people get a loan within a day.

If you have a bad credit score, you’ve come to the perfect place, because Special Finance is one of our areas of expertise.

As a matter of fact, we have relationships with Massachusetts dealers and lenders who specialize in each credit level. A down payment and income verification is often expected for a bad credit car loan in Brighton. Fortunately, applicants get approved right away. If you have bad credit, you’ll typically be approved by a dealer or lender in Brighton that finances subprime credit. These types of companies do report to the credit bureaus. This is crucial to reestablishing your credit.

FICO Score and Amount Borrowed

The table that follows shows you how much you can borrow, based on a monthly income of $3,595, the average in Brighton. These numbers are just approximations. You may be eligible for a larger or smaller sum, depending on other factors. Consult an auto finance agent for more information.

Credit Income Factor Sum
Good Credit 10 $35,950
Fair Credit 9 $32,355
Subprime Credit 8 $28,760
Bad Credit 7 $25,165
Horrible Credit 6 $25,165

To find out your own loan amount, multiply your pre-tax monthly income by the most suitable income factor.

Down payments can be paid in cash or trade equity, and typically cover anything from 5-20% of the vehicle’s price. They tend to be required of consumers with a substandard history of debt payment. The reason is simple: lending to consumers with subprime credit is a much riskier process, and a down payment means that at least a percentage of the loan has already been secured. That said, we get many borrowers approved for financing with no down payment.

Apply online, and leave the down payment field empty. We will work hard to place your application with a lender or dealer who can offer you the loan you need, zero down payment required.

Buy Here Pay Here Dealers in Brighton

In Brighton, buy here pay here dealerships have become the only alternative for many borrowers, due to the recession. These dealerships specialize in helping consumers who cannot get approved anywhere else. Payments are made to the dealership directly, and the cars and trucks for sale are typically priced at $10,000 or less.

Lamentably, most of these dealers don’t help consumers rebuild their credit. More often than not, you would be more satisfied applying online through us, so we can find you an auto loan in Brighton that can help your credit.

Credit and Income: Brighton

Credit ratings are only part of the equation. Lenders consider your income, history of employment and residence, and individual credit history.

Below are some average statistics for residents of Brighton.

  • Gross Earnings: $3,595 Monthly
  • Average Car Payment: $395 (11% of Income)
  • Recommended Monthly Payment: $288 to $360 (8%-10% of Income)

Brighton’s Credit Spectrum

Subprime credit is fairly common in Brighton and across the state of Massachusetts. This table depicts the estimated number of Brighton consumers at each level of the credit spectrum.

FICO Score % of Population Residents
300-499 2% 878
500-549 5% 2,194
550-599 8% 3,511
600-649 12% 5,266
650-699 15% 6,583
700-749 18% 7,900
750-799 27% 11,849
800-850 13% 5,705

Fortunately, we can help nearly any applicant who has an income of $1500 per month or more, regardless of their credit score.