Auto Loans in Hyde Park (MA)

Need a car loan? We can help. Our industry-leading network of dealers and lenders is standing by, waiting for your application. Apply online, and our loan companies compete against each other to fund your loan.

Bad Credit Car Dealerships in Hyde Park

Credit ratings of 620 or less are generally deemed subprime or poor credit, but our service is especially beneficial to consumers with weak credit. If you simply go from bank to bank, completing your application in person, you may get turned down once or twice. We offer a much better alternative, in that you can submit a single application, and we’ll find a lender who wants to approve you for financing, even if you’ve had credit problems in recent years. It is true that bad credit scores mean more costly rates of interest, which means it’s vital that you choose a budget friendly vehicle with low payments. If you have less-than-perfect credit, you’ll probably have your application placed with a bad credit dealership or auto lender. Typically, they submit payment data to the credit reporting agencies. This is crucial to restoring your credit. Apply Online!

FICO Rating and Size of Loan

The table that follows shows an array of loan amounts, derived from a monthly income of $2,215, the average in Hyde Park. These sums are just approximations. You may be entitled to a different amount. Talk to an auto finance specialist for additional information.

Credit Income Factor Amount
Excellent Credit 10 $22,150
Fair Credit 9 $19,935
Slow Credit 8 $17,720
Poor Credit 7 $15,505
Very Bad Credit 6 $15,505

Of course, these are estimates. For a definitive quote, please submit your application.

Zero Down Auto Loans in Hyde Park?

No down payment? No problem. However, providing a down payment gives you considerable benefits:

  • Shortens loan, meaning less paid in interest.
  • Lessens payment per month.
  • Protects you against the risks of an underwater loan.

That being said, you don’t need a down payment to apply. Apply online. We will place your application with a lender willing to fund your loan, no down payment needed.

No Credit Check Car Dealerships in Hyde Park

In Hyde Park, buy here pay here dealerships have grown by leaps and bounds, largely thanks to the down economy. Dealers like these approve auto loans on the lot, instead of working with a network of lenders. The loan rates are high, but they often offer guaranteed approval.

Sadly, most in house financing dealers don’t help customers re-establish their credit. Often, you would be better off applying online, so we can find you a car loan in Hyde Park that has better rates and terms.

Hyde Park Consumer Profile

Listed below are some average stats for Hyde Park residents.

  • Gross Salary: $2,215 Per Month
  • Average Monthly Payment: $244 (11% of Income)
  • Ideal Monthly Payment: $177 to $222 (8%-10% of Income)

Bad credit. It’s pretty common these days in Hyde Park and across the state of Massachusetts. This table depicts the estimated number of Hyde Park residents at each credit level.

FICO Score % of Population Residents
300-499 2% 1,124
500-549 5% 2,810
550-599 8% 4,497
600-649 12% 6,745
650-699 15% 8,431
700-749 18% 10,117
750-799 27% 15,176
800-850 13% 7,307