Car Loans in Hattiesburg (MS)

Car Loans Hattiesburg MS

Are you aware that around 70-75% of new cars and trucks are paid for with an auto loan? Unless you’re one of the few cash buyers, you’ll need a car loan.

Then again, getting approved for a car loan isn’t a picnic, not these days. Not with this recession.

The good thing is that we have joined with a varied range of vehicle creditors to let you sign up for car loans via the web. If you decide to apply for a loan at each loan company one-by-one, it might require weeks to get the Hattiesburg, MS car loan that you need, and in particular if you have problems with bad credit-related issues including:

  • Consumer Bankruptcy
  • Foreclosure
  • Prior Repossession
  • Delinquent Bills

At, however, it is possible to locate financing for your car / truck in a couple of minutes.

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Calculating Your Monthly Installments

It’s imperative to have a budget and abide by it. You’d be smart to have a chat with a good financial planner. Having said that, we can provide several recommendations based upon Hattiesburg’s average income, debt, and insurance data:

  1. Income: $89
  2. Monthly Debt Payment:
  3. Monthly Vehicle Budget: 28171 (10% of Income)

The size of the Hattiesburg, MS auto loan this represents depends on several different criteria:

  • Interest Rate
  • Term Length
  • Credit Rating
  • And so on…

Auto Financing Hattiesburg MS

Buying a Car When You Have Poor Credit in Hattiesburg, MS

Did you know 1 in every 12.5 individuals (3,653 individuals) who live in Hattiesburg, MS, are estimated to have a credit score of between 550 and 600? Which is bad credit. Plus another 5% have credit scores of 500 to 549. That’s really bad credit.

Of course, folks struggling with subprime credit scores need auto loans too. That’s where we can help you.

There are a couple of significant challenges that any individual who needs to purchase a car or truck with bad credit will have to tackle.

  1. Get Your Credit Approved
  2. Get an Acceptable Interest Rate

We enable you to do both. When you submit your application, we don’t just try to find you a car finance company who is eager to approve your credit, we also give you the knowhow you need to determine what interest rate you deserve. This is paramount, as consumers who what rates they deserve can be deceived into paying more than they should.

Follow the link to APPLY ONLINE.

No Cosigner Car Loans in Hattiesburg, MS

Although cosigners may not be absolutely mandatory, asking a loved one to cosign the car loan will improve the odds of acceptance drastically. But remember: cosigning a car loan is a big responsibility; the cosigner could be required by law to pay back the loan amount in the event that the main buyer is not able to. Moreover, a cosigned auto loan comes up as more financial debt on the cosigner’s credit profile. Therefore, cosigning a car loan is an enormous obligation.

Financing a Car with Zero Down: Hattiesburg, MS

Auto Loan in Hattiesburg, MS
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You can find car dealers in Hattiesburg, MS, that offer 0 down cars for sale. But bear in mind, these are not always a good idea. The truth is, negative equity is a major headache for US borrowers. Putting money down is a straightforward method for preventing the annoying negative equity car loan. If you want an auto loan with bad credit, acceptance may be subject to whether or not you can provide a pre-specified down payment amount.

Watch out for Hattiesburg No Credit Check Dealers

Car Loan in Hattiesburg, MS
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Nowadays, the buy here pay here establishment has become a popular substitute for the traditional car lot. This is happening in Hattiesburg and the rest of Mississippi. This isn’t really a surprise to anyone. These car dealerships focus on people with terrible credit, as well as folks who need auto loans in Hattiesburg, MS, following chapter 7 bankruptcy, foreclosure, and/or repossession. Buy here pay here car lots, aka tote the note, we finance, or your job is your credit car lots, provide no credit check car loans for Hattiesburg residents. But you’ve got to use caution. The interest levels are excessively high, and it is much too easy to get upside down on this type of loan. If you have seriously dreadful credit, getting an on site auto loan from such a car dealer may very well be the only option. Then again, we work with many loan providers that provide loans to people with bad credit all the time.

Auto Loans Hattiesburg MS

Requisite Paperwork

  • Evidence of Income
  • Proof of Home Address
  • Evidence of Auto Insurance
  • Vehicle Data
  • Mississippi Drivers License

These documents are required for auto loans in Mississippi. You can, of course, contact your loan company for additional information.