Looking for the best financing in Columbia? Great, we can help. Applying through us is fast, safe, and effective. Clients who meet the minimum criteria have a 90% chance of being approved. Here is how the process works:
- Take a couple of minutes to complete your loan application.
- Check your email for your approval status.
- Have a discussion with your lender about your APR and conditions.
- Finalize any remaining paperwork.
- Go purchase your vehicle.
FICO Scores of 620 or Lower
If you have below-average credit, you’ve come to the right place. After all, Special Finance is a major part of what we do.
The truth is, we have dealers and lenders in our network who service each different credit tier. We can get you approved for financing by a bad credit car dealership in Columbia – online! Apply Now!
Financing a Car with No Down Payment
Excellent credit? If so, you might not have to bother with a down payment. But if your credit is a problem, your dealer may require you to provide a down payment. At this stage, the Loan-to-Value ratio becomes a critical factor. This is the loan amount versus the wholesale value of the vehicle.
|Amount Financed||Vehicle Value||Loan-to-Value|
The lower the LTV, the less risk for the lender. Having said that, we have dealers who offer auto loans for people with no down payment.
We get people financed everyday, despite issues with their credit and down payment. Apply now!
Columbia Buy Here Pay Here Dealers
Buy here pay here financing is sometimes known as:
- We Finance
- Rent to Own
- Tote The Note
- Your Job is Your Credit
These dealers finance people who have been declined by traditional lenders. The annual percentage rates are especially steep, but approval is often guaranteed.
Columbia-Specific Income, Credit Statistics
Truth be told, there is more to the approval process than just your FICO score. Loan companies evaluate such things as:
- Debt to Income Ratio
- Employment History
- Payment History
Below are some average stats for residents of Columbia.
- Pre-Tax Income: $20,519 Annually
- Average Car Payment: $188 (11% of Income)
- Ideal Car Payment: $137 to $171 (8%-10% of Income)
Next we have divided up Columbia’s population by FICO rating. These are just estimations, but they should give you a sense of where you stand in relation to other consumers in the area.
|FICO Score||% of Population||Residents|
Your credit rating will have a significant effect on your rate of interest. However, as long as you have sufficient income, we can typically find a dealer or lender for you, even if you have subprime credit. Go here to submit your application.