Visiting the bank for an auto loan if you're a low income family in Alabama is a bit like visiting the dentist. Sure some people breeze in and out with just a check up, but if you have bad credit and need an auto loan it can feel like they're pulling teeth. Worse not only might it be painful but it very well could be fruitless if you get turned away.
Car Loan Alternatives in AL
If your monthly income isn't high enough for the bank, or your poor credit is making getting approved difficult, there are alternative options to get financing. The most common alternative used car financing option is to get financed through a local dealership which either partners with an outside lender to finance you inhouse or like several car lots in mobile Alabama known as buy here pay here, you pay the dealer directly in order to pay off your debt to them.
Of course knowing which local dealerships offer special financing in Alabama that works for you can be tricky. Individually each dealers terms will likely be unique. Knowing what they are, and which ones you qualify for make using a site like LotPro which partners with local area dealerships makes getting auto loans in Alabama a whole lot easier.
Auto Financing Made Easy
Even cheap used cars can require financing but if you have a limited income finding your option can be tough, and risky if it means repeated credit checks. At LotPro we use our dealership pool to find used car buyers with dealers that will work with them. On average we recommend that low income or bad credit buyers have a monthly gross income (that's before taxes) of $1,500 minimum in order to qualify.
The whole process is free to apply, secure, and fast. And since it can be done via the internet or by phone it can be tough to find an excuse to get it done today. To get started, or fill our one of our quick applications, click the finance button at the top or the banner below.