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Car Loans – Rainbow City (AL)

Need a car loan in Rainbow City, AL? No doubt, loans have been tougher to come by, but there are loan companies who still want new applicants, and it’s our mission to help you track them down. It’s possible to submit an application for your Rainbow City AL auto loan in just a few minutes.

When you submit your application, we find you the best Alabama auto loan provider for your location, income, and down payment. When pre-qualified, a special finance supervisor will contact you by telephone or email. Then all you need to do is complete your auto loan paperwork and choose your car or truck from an area dealership.

Go here to submit your secure application.

Income and Credit Scores

In Rainbow City, the average income per month is $3,296. The average fico score is 676. Obviously, you don’t have to make in excess of $1500 monthly to meet the criteria for car financing in Rainbow City, AL.

The vast majority of auto loan lenders require you to be gainfully employed with $1500 income per month, and the amount you spend on existing debts, inclusive of your new loan, must not surpass one half of your income. In Rainbow City, Alabama, this comes out to $1,648, on average.

Even in the event you can’t satisfy these criteria, you may be able to qualify in one of the following ways:

  • Have a Co-buyer
  • Furnish a Larger Down Payment
  • Opt for Buy Here Pay Here Financing.

No Money Down Car Financing in Rainbow City, AL

Offering a down payment may not be necessary, but it’s recommended. The reality is, more and more lenders will require it. Most loan companies will be happy with an advance payment of 15 to 20%.

Buying a Car with Bad Credit in Rainbow City, AL

These are some things you can do to boost your chances of qualifying.

  • Provide a Larger Down Payment.
  • Get a Co-buyer.
  • If All Else Fails, Get Financed at a We Finance Car Dealership in Rainbow City, AL.

Bankruptcies and repossessions are a couple of the most unfortunate things that can happen to your credit history. Are you afraid that it won’t be possible to secure a car loan after bankruptcy or repossession? The good news is that we can help you find finance companies that grant bad credit auto loans in Rainbow City, AL, even when they have struggled with:

  • Bankruptcy
  • Repossessed Vehicles
  • Late Payments

Though bankruptcies remain on your credit profile for a few years, the vast majority of lenders can provide a car loan after only 24 months.

Financing a Car With No Credit Check in Rainbow City, AL

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Due to the economy in AL, buy here pay here financing is becoming increasingly common.

You’ll find that at buy here pay here car dealerships, also called a no credit check or in house financing car dealership, the dealer doesn’t turn to 3rd party loan providers to offer financing. Or in other words, these establishments provide in house financing car loans to Alabama applicants who’ve got poor credit. If you have bad credit, going with a your job is your credit car lot in Rainbow City, AL might seem like a great idea. Lamentably, they are not without several main downsides. The rates and down payments are higher than average; in addition, you won’t have much of a chance to rebuild your credit rating through this kind of an establishment.

But don’t worry, there’s a fairly good chance you could get approved for the car loan you’re looking for without turning to tote the note financing.

N & N Motors
  • Address: 903 W Grand Ave
  • Zip Code: 35906
  • Phone: (256) 413-0939
  • URL:
Classic Auto Sales
  • Address: 700 West Grand Avenue
  • Zip Code: 35906
  • Phone: (256) 442-2521
  • URL:
Lowe Pontiac-Cadillac GMC Lincoln Mercury
  • Address: 801 West Grand Avenue
  • Zip Code: 35906
  • Phone: (256) 878-5224
  • URL:
Smith Keith Motors
  • Address: 2778 Steele Station Road
  • Zip Code: 35906
  • Phone: (256) 442-3560
  • URL:
Moultrie Toyota
  • Address: 937 W Grand Ave
  • Zip Code: 35906
  • Phone: (256) 413-7272
  • URL: http://www.moultrietoyota.com
Wholesale Used Cars
  • Address: 701 West Grand Avenue
  • Zip Code: 35906
  • Phone: (256) 442-1998
  • URL:
Dave Menegay Hyundai
  • Address: 626 W Grand Ave
  • Zip Code: 35954
  • Phone: (256) 413-8808
  • URL: http://www.davemenegayhyundai.com/