Because of the current recession, loan creditors have been tightening up their acceptance criteria, which means it’s more difficult than in the past to get approved for an auto loan. About 3,194 of Elizabeth’s 10,647 residents have a bad credit score – that’s a whole lot! In the past, dealerships haven’t been able to sell cars to people who have below-average credit, so these days dealers have been offering car loans directly.
They will not automatically turn you away due to poor credit.
Whereas a conventional car dealership helps you decide on a car or truck straight away, then talks to you about financing, buy here pay here car dealerships in Elizabeth, CO discuss credit beforehand.
Recommended Monthly Budget: Elizabeth (CO)
Divide your monthly wages by ten, and don’t dedicate beyond this amount on car loan payments.
- Average Elizabeth Earnings: $67,628 Each year
- Average Monthly Wages in Elizabeth: $5,636
- Ideal Car Payment: $564
Wouldn’t it be unfortunate to end up making your credit score even lower? Stand by your budget.
Credit Approval: Ahead Of Time
Some BHPH dealers in Elizabeth, CO, pre-approve credit on the web. We have made it our mission to get you approved right now!
A lot of car dealers that finance bad credit in Elizabeth, CO are looking for the following:
- Proof of Residence, Work, and Wages
- Drivers License
- Cash Upfront