Bad Credit Auto Loans in Northport (AL)

If you’d like to get approved for a new car or truck, you’ve come to the right place. Our system is fast, safe, and effective. Applicants with sufficient income have a 90% chance of getting financed. When you apply online, your secure application will enter our state-of-the-art placement platform. There we will match you to a finance company based on your location, budget, credit profile, and more.

Bad Credit Car Dealerships in Northport

A history of bad credit can be a roadblock to financing, but not with Alabama Auto Finance.

In fact, we have relationships with Alabama banks, dealers, and auto finance companies who service each credit level. If your credit is weak, your rate of interest might be higher, meaning it’s crucial for you to opt for an economical car or truck with easily-affordable monthly payments. If you have a bad credit score, you’ll probably have your application placed with a bad credit dealership or auto lender. Fortunately, they report to the credit bureaus. This is great if you want to improve your credit.

How Much Am I Eligible to Finance?

Obviously, the amount borrowed has a tremendous impact on your choice of vehicle, so it’s always an important question. This table shows the maximum loan amount for people of various credit tiers, given the average monthly income in Northport, $3,389. Please be aware that these are only estimations.

Credit Income Factor Loan
Great Credit 10 $33,890
Decent Credit 9 $30,501
Temporary Bad Credit 8 $27,112
Bad Credit 7 $23,723
Terrible Credit 6 $23,723

Keep in mind, these are simply approximations. For a definitive quote, you must submit your application.

Can You Finance a Car with No Money Down?

Buyers with good credit can typically buy a car without a down payment. If you have bad credit, however, your dealer may require you to offer a payment in advance. As you can imagine, lending to consumers with credit problems is a much riskier process, and a down payment makes sure that at least a percentage of the vehicle has been paid for in advance. With that being said, there are companies that offer financing with no down payment.

We help people get into a new car each and every day, even with no money down. Get approved now!

No Credit Check Car Dealerships in Northport

Buy here pay here dealerships in Northport have become a viable option for many car shoppers, thanks to the economic climate. These dealerships finance consumers that cannot get approved any place else. The rates of interest are always high, but approval will likely be guaranteed.

Lamentably, most of these dealers don’t help consumers re-establish their credit. In most cases, you would be more satisfied applying online through us, so we can find you an auto loan in Northport that can help you improve your credit.

Credit and Income: Northport

Below are some average statistics for residents of Northport.

  • Average Earnings: $3,389 Per Month
  • Average Monthly Payment: $373 (11% of Income)
  • Recommended Car Payment: $271 to $339 (8%-10% of Income)

Northport Consumers by Credit Tier

Ever wondered about the credit scores of your neighbors? We’ve estimated how many Northport consumers fall into each credit tier.

FICO Score % of Population Residents
300-499 2% 629
500-549 5% 1,572
550-599 8% 2,515
600-649 12% 3,773
650-699 15% 4,716
700-749 18% 5,659
750-799 27% 8,489
800-850 13% 4,087

In case you’re ready, we can help you find good or bad credit car loan in Northport you need. It’s easy to submit your application.