Car Loans in Columbus (OH)

Car Loans Columbus OH

Around 770,645 individuals live in Columbus, OH, and around 92% of them get to the office 5 days a week by car, either on their own or as part of a carpool. That means they clearly have to have a car, truck, or SUV, and consequently an auto loan.

As you can imagine, the recession has been making it more challenging than it used to be to get any line of credit.

The good news is that we have teamed with the most extended network of vehicle lenders and dealerships to enable you to set up auto loans on the internet. If you decide to apply for a car loan at each dealer or creditor one-by-one, it could very well take weeks if not several months to find the Columbus, Ohio vehicle finance deal you need – especially if you suffer from harmful credit drawbacks like:

  • Bankruptcy Hearing
  • Property Foreclosures
  • Vehicle Loan Delinquency
  • Unpaid Bills or Deliquent Loan Payments

At, however, you can receive a loan for your choice of car / truck within a couple of minutes.

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Intelligent Financial Planning For Columbus Car Purchasers

It’s imperative to have a financial plan and stick to it. The amount you should be paying varies according to a wide selection of details, but we can offer some guidelines determined by average Columbus, OH income and financial statistics. Remember, these are just averages.

  1. Income: $25,084
  2. Monthly Debt Payment: $732
  3. Monthly Car Budget: $264 (36% of Debt)
  4. Monthly Insurance Costs: $43
  5. Remaining Funds For Car Payments, Fuel, Repairs: $221

The overall amount this represents depends on a multitude of factors:

  • Interest Rate
  • How Long You Finance
  • Credit Score

Auto Financing Columbus OH

Getting a Car When You Have Adverse Credit in Columbus, OH

Ever wondered just how many people in Columbus have bad credit? Bear in mind, poor credit is characterized by a credit score of 620 or lower.

  • 61,652 People: 550 to 600 Credit Score
  • 38,532 People: 500 to 550 Credit Score
  • 15,413 People: 300 to 500 Credit Score
Car Loans in Columbus, OH
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If you need bad credit car loans, our Approval Maximization Engine (AME) is perfect.

When you apply online for bad credit car loans in Columbus, OH, our leading-edge data matching solution goes to work placing your application with a loan provider who provides auto loans to people who have bad credit.

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No Cosigner Auto Loans in Columbus, OH

Getting your car loan cosigned isn’t obligatory. Then again, for those who have unfavorable credit ratings, getting a member of family to cosign your auto loan will improve your chances of acceptance drastically.

But remember: cosigning a car loan is a big responsibility; the whoever cosigns will be required by law to pay the balance of the auto loan amount if the principal debtor cannot. Also, were you aware that the car loan will pop up on the cosigner’s credit? That is why cosigning an auto loan is an enormous responsibility.

Down Payments: Required?

It depends. You can find car lots in Columbus, OH, that offer zero down cars. More often than not, these turn out to be a bad idea.

You see, upside down loans are a huge problem among our nation’s borrowers. Upfront cash is a simple and easy way of avoiding the dreaded negative equity car loan.

If you’re considering auto loans for people with bad credit, you might have no choice but to supply some money upfront.

Buy Here Pay Here Dealerships in Columbus, OH: Beware!

Car Loans in Columbus, OH
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Seen all of the buy here pay here car lots popping up in Columbus and across Ohio? These types of dealerships serve people who require:

  • Auto Loans with Bankruptcy
  • Auto Loans with Repossession
  • Auto Loans with Foreclosure

Getting a bank loan would be inconceivable for individuals with credit complications such as these. Columbus buy here pay here car lots, on the other hand, will offer them an auto loan, often without a credit check. The rates of interest are excessively high, and it’s much too easy to get upside down on this type of car loan. We can help you find lending companies that finance individuals with poor credit on a regular basis.

Auto Financing Columbus OH