Get Approved Online Even with Bad Credit
Bad Credit Financing in Westerville
Have you been turned down in Westerville due to poor credit or low income? Sub-prime financing can be difficult to understand but you shouldn't spend more simply because you have bad credit. Starting your journey online is the best way to find low-interest rates and prevent embarrassing details at the dealers. Find the best loan for you near Westerville by applying online. Many clients even drive the same day as application.
Used Vehicles in Westerville, OH
Over 85% of new vehicles purchased are financed. The most important factor in deciding between a new and used vehicle is depreciation. Edmunds reports that in Westerville vehicles can lose up to 9% of their market value the second it is purchased.
Most buyers in Westerville, Ohio choose to purchase pre-owned vehicles. While it may not have the same extended warranty or new-car smell, buying "used" is often the best decision financially. Many choose to avoid pre-owned vehicles for fear that they will be fooled or sold a defective vehicle. Consumers in Westerville today enjoy many legal protections against misrepresenting goods, and consumers have access to a wealth of resources. The financial aspect, combined with the peace of mind provided by technology explains why used vehicles make up almost 60% of the vehicle financing market
Cost of Financing in Westerville
The main factors that will determine the cost of your vehicle are: Principle, Down payment, trade, and interest. The principle is the amount owed to the lender after the initial purchase, accounting for down-payment and trade-in credit. The lower your principle the lower your payments. It is recommended to put when 20% when buying a new vehicle and 10% down on pre-owned. Finally, the interest rate, which will be determined by your credit history, will determine the cost of your monthly payment. Most car loans offered in Westerville are “Simple Interest” meaning the faster you pay the loan, the less interest you pay. The max interest rate for used cars in Ohio is 25%. Shop the best interest rates in Westerville.
Everyone Deserves a Second Chance
Buckeye Car Loan is a leading provider of online auto approvals, connecting our clients with qualified and reputable dealers. If you have bad credit, low credit, no credit or have been turned down in the past due to bankruptcy, we can help you get a car loan through a special finance lender.
Start From Home
Select Your Own Vehicle
Affordable Loans for All Credit
Our simple and fast online process is the easiest way to get pre-qualified online, regardless of past credit mistakes.
Stop the hassle and embarrassment of dealing with showrooms and salesmen. Our simple and secure application takes minutes. Some even drive the same day.
With our network of hundreds of dealers, we match you to the perfect vehicle close to home. A local consultant will guide you through the loan process.
All Credit is accepted. We have access to special finance programs for any situation including Bankrkruptcy, Reposession and low-income