Most people need an auto loan in order to help pay for a new car or truck, and yet loan companies seem to expect every borrower to have exceptional credit – no easy task in today’s times. Many banks will flat-out reject candidates who don’t have stellar credit scores, and the last you want to do is spend days trying to secure an approval. So how do you get approved for financing in the next twenty four hours? It is possible, and we can help. We’ve got relationships with auto finance companies and lenders that are extending credit to people in Houston, whether or not their ratings are top-notch. Applying for your loan takes only 3-4 minutes, and there are no fees or obligations for utilizing our service.
Ready to go over how the process works?
- To start, you’ll want to apply online.
- We match you, when possible, to the best dealer or lender in Houston, TX, given your needs.
- When pre-approved, a special finance supervisor will get in touch with you either by telephone or email.
- You will finalize your auto loan documentation and pick your car from a local dealership.
Houston Car Deals
Many people want to finance a car in Houston with zero down or zero percent APR. Typically, you have to have a superb credit score for such deals. Specifically, what’s known as Tier 1 or Tier 2 credit, meaning credit scores of at least 700 or higher. Still, there are many deals for people with lesser credit scores, such as no money down sign and drive.
Simply click here to get pre-approved for a car loan and discover which deals are available to you.
What amount should you spend on a car loan? Well, here is a solid rule of thumb: devote only one fifth of your monthly income for installment payments, fuel, and routine maintenance. If you were to make $22,655 annually, this means $340 to $378 each month. With gasoline prices going up, you might want to pick a cheap car with decent gas mileage. In many instances, getting a used car in Houston, TX is a good option. Second-hand cars and trucks are cheaper to purchase and to insure. And in addition, they depreciate much less quickly than new cars.
Boosting Your Credit Score
Did you know you can improve your credit by taking out and paying off a loan for a vehicle? Even if you have good credit, a paid-as-agreed installment loan will shore up your credit. That’s because it shows future lenders that you have a history of repaying your debts, even if you’ve had some issues in the past. After all, your recent behavior is most important. In fact, many credit issues disappear from your report after seven years. If you’d like to learn more about financing a car with credit problems, you can head over to our nationwide service for applicants with problematic credit. You’ll find tons of information there about your financing options, as well as tips to rebuild your credit.