Bad Credit Financing and Sub-Prime Auto Loans in Jefferson City, MO
What is a Bad Credit Car Loan?
If you have heard the term "bad credit car loan" or "bad credit financing," you may wonder what exactly those types of financing programs entail. Bad credit auto loans are tailored financing options for people who are unable to secure a loan through the traditional means of banks, credit unions or other similar lending sources. On average, local banks and lending institutions do not offer loans to drivers with low credit scores, nor to drivers who have past credit issues such as bankruptcies, foreclosures or repossessions. Typically, bad credit car loans are funded by the car dealership, on-site, and may be later sold to a finance organization. Should you have any questions about bad credit car loans, reach out to Jefferson City Autoplex Finance to speak with a friendly representative now, or see our frequently asked questions section!
Do I Qualify for Bad Credit Auto Financing?
Do the following statements apply to your current situation? If so, then we have fantastic news: you are eligible to apply for a bad credit car loan here at Jefferson City Autoplex Finance!
- Proven income of at least $1,500 per month
- Current resident and citizen/legal resident of Canada or the United States
- Can obtain car insurance
- Employed full time, or able to provide a guaranteed fixed income for the term of the loan
- Proof of residence (bill or credit card statement) and a working phone number
While we always strive to assist all drivers near Ashland and Westphalia, MO who want to apply for an auto loan, there are a few instances in which an applicant will not qualify, such as:
- Drivers with temporary employment
- People that are unable to provide proof of income
- Drivers that have a recent repossession that was not included in a bankruptcy
- Service members that are stationed outside North America
If you are a car buyer with poor credit around Jefferson City, MO and beyond who meets the above qualifications, then we encourage you to apply for a bad credit car loan through Jefferson City Autoplex Finance. Our team of auto finance specialists always have our customers' interests in mind when we structure bad credit or sub-prime auto loans, so we will work to get you favorable terms on your car loan should you qualify. Send over your completed auto loan credit application form to our Finance staff to have your credit score and application reviewed straight away. Then, you can visit our location at 3625 Missouri Blvd, in Jefferson City, MO once you have been approved for auto financing!