It’s our pleasure to help the residents of Haverhill get approved for the auto loans they need. We’ve been in this industry for years, matching borrowers and lenders in real-time through sophisticated application placement technology. Just submit your application, and we’ll begin working to get you approved from a dealer or lender who suits your needs. Within minutes, you could be working out the details of your loan with a local finance specialist. The process is fast, friendly, and there are no obligations or commitments.
Credit Tiers We Serve
Unlike banks and credit unions, which cater only to a narrow spectrum of applicants, we serve clients all across the board in terms of credit and income. From CEO’s with impeccable credit to college students buying their first car, we pride ourselves on getting everyone we can approved. If you have a score of 700 or higher, you have nothing to worry about. However, if your credit score has been on the decline, the process can be a bit more tricky. Fortunately, though, the subprime market is one of our specialties. We have lenders who help people with FICO scores of 620 and less, and they are hoping to earn your business. It is true that poor credit scores result in increased rates of interest, which means it’s vital that you choose a budget friendly vehicle with easily-affordable monthly payments. Plus, a paid-off car loan can boost your credit score. So let us find you the bad credit car loan in Haverhill you need. Apply now!
Budgeting for Your Loan
The table that follows shows multiple loan amounts, derived from a monthly income of $3,784, the average in Haverhill. These amounts are only estimations. You may be eligible for a different amount. Contact a vehicle finance agent for additional information.
|Credit||Income Factor||Amount Borrowed|
|Very Bad Credit||6||$26,488|
To calculate your own loan amount, multiply how much money you earn on a monthly basis by the appropriate income factor. Keep in mind that you don’t want to spend more than 5-10% of your monthly income on a car payment, so some of these figures are, realistically, a bit high for maintaining a healthy monthly budget while paying off your vehicle.
Do You Need a Down Payment?
A number of our dealers approve people with no money down. That said, a down payment affords you important benefits:
- Shortens loan, meaning less is paid in interest.
- Lowers monthly repayment.
- Minimizes negative equity.
With that said, our lenders and dealers realize that down payments take a lot more effort and time these days. Many of them have introduced no down payment offers, though you typically need to have a strong credit score to qualify.
Buy Here Pay Here Auto Lots in Haverhill
Buy here pay here car lots in Haverhill have become a necessary evil for many borrowers, as a result of the credit crunch. Consumers who cannot get approved for a loan because of major credit problems like bankruptcy often resort to dealerships like these. The loan rates are always expensive, but acceptance often is guaranteed. Sadly, most of these dealers don’t help consumers re-establish their credit. Normally, it’s better to apply online through our website, so we can find you a car loan in Haverhill that can help your credit.
Haverhill Consumer Profile
Did you know that, at the turn of the 19th century, Haverhill actually produced 10% of the shoes in America? Since then, the city has continued to depend largely on manufacturing as a prime economic force, much like the neighboring city of Lawrence. The average income in the city is quite high, though many residents are dealing with credit issues of one kind or another.
- Average Earnings: $3,784 Per Month
- Average Car Payment: $416 (11% of Income)
- Recommended Monthly Payment: $303 to $378 (8%-10% of Income)
If you’ve got below-average credit, you aren’t the only one. This table depicts how many people in Haverhill are in each credit tier.
|FICO Score||% of Population||Residents|