When you look at your bank account, do you tend to get extremely nervous? This can be due to your inability to make extra payments on your credit card bills, and having your debt continuing to grow. On top of that, you need a new vehicle and guaranteed auto financing with no down payment from a lender in Bellingham, WA may be your only option left. Luckily, Dougs Credit Center can help you purchase a car with your credit problems and no money down issues as well.
Today's Economic Climate: Beneficial for You
Now the thought of buying a car with bad credit and no money down might not have seemed possible at some points in the past, but today, dealerships and lenders are recognizing the constraints of the economy. Many Bellingham residents are in difficult financial situations, and to better themselves and get a job, they simply need to have a vehicle. Therefore, certain programs have been created to help individuals like you obtain a car despite the fact that you have low credit scores and no money to put down.
No Money, Bad Credit: What's The Third Factor?
When you go to get pre-approved auto finance loans through one of the lenders in our network, the entity is going to look at three different financial components of your situation:
- The down payment or lack thereof you plan to make
- Your credit scores
- Your monthly income
As you can see, you certainly have some hope here! When your monthly income is high, you have a better chance of getting approved for a loan of a decent amount. Bellingham lenders will see that this factor is in order.
Your Choice of Cars with Bad Credit and No Money Down
People are often worried that they are not going to be able to purchase a suitable vehicle or that the car they buy will end up costing thousands of dollars in repairs. What are your choices for cars going to be? Well, it will depend upon your monthly income and exactly how bad your credit scores are. While you might not get approved for a large bad credit auto loan amount to buy a brand new car, you may be able to get one that is only a few years old.
Having low credit scores and no money saved up is scary, and this is especially true when you want to purchase a new car in Bellingham, WA. Fortunately, if you are willing to follow some tips and suggestions, a suitable vehicle can be yours soon.