Auto Loans in Bowie (MD)

Why waste your time driving from one lender to another, trying to get approved? Good credit or bad, we will help you get the approval you need in less time. Our loan-finding platform makes it easy to get approved. Submit your application, and the dealers and lenders in our network compete for your business.

If you’ve got some credit problems, we can help. After all, subprime financing is our area of expertise. If you simply were to go from dealer to dealer, submitting your application by hand, you may be rejected once or twice. Our process is significantly more streamlined: you can apply online, and we’ll find a lender who wants to get you in the driver’s seat, even if your credit isn’t perfect. As an applicant with bad credit, your interest rate might be higher, but we can typically get you in the driver’s seat of a new car. You’ll probably be matched with a lender or dealer in Bowie that specializes in bad credit. Fortunately, they report your debt repayment to the credit reporting agencies, which is great if you want to restore your credit.

The chart that follows depicts how much you can borrow, based on a monthly income of $3,898, the average in Bowie. These numbers are only approximations. You may be eligible for a different amount. Speak with your vehicle finance specialist for more information.

Credit Income Factor Sum
Excellent Credit 10 $38,980
Average Credit 9 $35,082
Subprime Credit 8 $31,184
Bad Credit 7 $27,286
Really Bad Credit 6 $27,286

To calculate how much you can borrow, multiply your monthly income by the applicable income factor.

Can I Buy a Car with Zero Down Payment?

Down payments are payments made at the time that you buy your vehicle. They are normally required of individuals who have a disappointing history of debt repayment. That is because lending to consumers with poor credit is a much riskier proposition, and a down payment ensures that some percentage of the vehicle’s value has already been secured. Don’t have a down payment? That’s okay. We get quite a few clients financed, despite their lack of down payment.

Submit your application, and indicate that you don’t have a down payment. We’ll place your application with a lender or dealer who can approve you for financing, no down payment needed.

Bowie Buy Here Pay Here Dealers

This sort of financing is often referred to as:

  • Your Job is Your Credit
  • We Tote The Note
  • Rent to Own
  • We Finance

These dealerships approve car loans directly, rather than relying on banks or finance companies. Sure, the annual percentage rates are high, but there are few roadblocks to approval.

Bowie Consumer Profile

Dealers and lending companies are concerned with more than just your credit score. Creditors review the following:

  • Income
  • Stability
  • Payment History

Listed below are average statistics for residents of Bowie.

  • Average Income: $46,775 Per Annum
  • Average Car Payment: $429 (11% of Income)
  • Suggested Monthly Payment: $312 to $390 (8%-10% of Income)

Have you ever wondered about the credit ratings of your friends and neighbors? We have calculated how many Bowie residents are in each range of FICO scores.

FICO Score % of Population Residents
300-499 2% 1,639
500-549 5% 4,097
550-599 8% 6,556
600-649 12% 9,834
650-699 15% 12,292
700-749 18% 14,750
750-799 27% 22,125
800-850 13% 10,653