Car Loans in Rapid City (SD)

Car Loans Rapid City SD

Do you know that approximately 7 in 10 new cars are not paid for in cash? Unless you are one of the few buyers with the cash to buy your new car outright, you’re going to need to look for an auto loan.

Bear in mind, the economic crisis has made it tougher than it used to be to get a personal line of credit.

Luckily, we have joined with a varied assortment of SD car lending businesses and dealers to enable you to sign up for car loans via the internet. If you were to check out one car loan company at a time, it would require 2 or 3 weeks or even months to be granted the Rapid City, SD car loan you need – and in particular when you are afflicted by credit hardships related to:

  • Bankruptcy Hearing
  • Foreclosure
  • Prior Loan Delinquency
  • Past due Bills or Deliquent Payments

But at, you’ll be able to get funding for the vehicle you want in a matter of minutes.

Click the link to Apply Online!

Budgeting For Your Investment

Lots of people ask: what size loan can I afford? The amount you should be paying is dependent upon an array of factors, but we can offer some guidelines based upon average Rapid City, SD income and debt figures:

  1. Income: $29,236
  2. Monthly Debt Payments: $744
  3. Monthly Vehicle Budget: $268 (36% of Debt)
  4. Monthly Insurance Costs: $64
  5. Leftover Budget For Car Payments, Fuel, Maintenance: $205

The size of the Rapid City, SD car loan to which this equates depends upon many conditions:

  • Interest Rates
  • Number of Payments
  • Credit Scores
  • Etcetera…

Auto Financing Rapid City SD

Buying a Car When You Have A Low Credit Score in Rapid City, SD

Were you aware that 1 out of every 12.5 people (6,380 individuals) who live in Rapid City, SD, are thought to have credit ratings of 550 to 599, and an additional 1 in 20 have a credit score between 500 and 549 (3,987 individuals)?

Auto Loans in Rapid City, SD
Quick Approvals!

How come it’s so tough to find an auto loan with bad credit? Finance companies take a look at your credit score in order to determine if you’re a good candidate for a loan. Granting you an auto loan is an investment, and the more likely you are not to repay the loan, the less likely they will be to make a profit on the investment.

Submit your application for bad credit car loans with us, and you are maximizing your chances of getting approved.

Follow this link to apply online.

Auto Loans Without Cosigners in Rapid City, SD

Although cosigners are not mandatory, not having the car loan cosigned will prolong the approval process.

But bear in mind: cosigning an auto loan is a major responsibility. That’s because, if you are unable to completely pay down your loan, the loan company will, certainly, expect payment from your co-signer. What’s more, a cosigned loan shows up as more unpaid debt on your cosigner’s credit history. Due to this, you should not be offended if the person you approach to cosign the loan hesitates initially.

Down Payments: Required?

Yes and no. You can apply for zero down car and truck loans in Rapid City, SD. More often than not, these turn out to be a bad idea. Autos lose value from the moment you get them. Down payments are a surefire way to avoid the upside down car loan.

When considering auto loans for people who’ve got subprime credit, a down payment that is at least $500 often required.

Watch out for Rapid City No Credit Check Lots

Buy here pay here dealers have been cropping up in Rapid City and across South Dakota. These car lots accommodate people in Rapid City, SD, who are looking for:

  • Car Loans after Bankruptcy
  • Car Loans after Repossession
  • Car Loans after Foreclosure

Whereas a banking institution would not even look at these individuals, but a buy here pay here or tote the note car dealer can provide car loans for used cars…for a price. The interest rates tend to be excessively high, and it’s much too easy to become a victim of negative equity on this type of car loan. For people who need auto loans with 550 fico scores or lower, this type of financing may be the only option. Nonetheless, we work with many lending companies who provide loans to individuals with poor credit on a regular basis.

Click the link to Apply Online!

Auto Finance Documents

  • Proof of Income
  • Evidence of Street Address
  • Evidence of Insurance Coverage
  • Car or Truck Details
  • South Dakota Drivers License

These documents are required for South Dakota car loans. Of course, you might want to contact your finance company or dealership to make sure that you have all the things that’s required.