Auto Loans in Catonsville (MD)

Searching for the best car loan in Catonsville? Search no further. Our industry-leading network of lenders and dealers is standing by, awaiting your application. Submit your application, and the dealers and lenders in our network compete against each other for your business.

What About Credit Problems?

If you’ve got subprime credit, we’re the perfect solution Special Finance is an important part of what we do. There isn’t a minimum credit score involved, and we can help applicants in all of the subprime credit tiers. A down payment and monthly income of $1500 per month will often be considered necessary; however, most users are approved nearly instantly. Plus, paying off an auto loan is an excellent way to improve your credit score. So let us find you a lender or dealership who finances bad credit – online!

The maximum size of your loan is largely determined by your credit rating and income. Below, we’ve quoted how much applicants of different credit ratings can finance, given the average monthly income in Catonsville, $2,287. Please bear in mind that these are only estimates.

Credit Rating Income Factor Loan Amount
Good Credit 10 $22,870
Decent Credit 9 $20,583
Subprime Credit 8 $18,296
Poor Credit 7 $16,009
Really Bad Credit 6 $16,009

Keep in mind, these are only estimations. For a precise quote, you must submit your application.

Can You Finance a Car with No Down Payment?

Down payments can be paid in cash or via trade-in, and typically are priced between 5-20% of the vehicle’s sticker price. They tend to be required of individuals with a poor history of debt repayment. As you can imagine, financing customers with problematic credit is a much riskier process, and a down payment means that some percentage of the vehicle has already been paid off. That isn’t to say that dealers don’t offer funding for people who don’t have a down payment.

Our approval platform can often help you find a dealer or lender who can work with your down payment, or lack thereof.

Catonsville Buy Here Pay Here Dealers

In House financing is otherwise known as:

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

Consumers who cannot get approved for financing because of serious credit problems often find themselves at dealers like these. They specialize in helping people with issues like open bankruptcy or repossession within the last year.

Credit and Income: Catonsville

Dealers and finance companies are interested in a lot more than just your credit rating. Loan companies review your income, stability, and credit history.

Below are some average statistics for residents of Catonsville.

  • Average Income: $2,287 Per Month
  • Average Car Payment: $252 (11% of Income)
  • Recommended Monthly Payment: $183 to $229 (8%-10% of Income)

Have you ever wondered about the credit scores of your neighbors? We’ve estimated how many Catonsville residents are in each range of FICO scores.

FICO Score % of Population Residents
300-499 2% 972
500-549 5% 2,430
550-599 8% 3,888
600-649 12% 5,832
650-699 15% 7,290
700-749 18% 8,748
750-799 27% 13,122
800-850 13% 6,318

No matter where you find yourself on this table, we can help. We help credit-seekers of all credit scores and income levels. That’s what we do.