How would you like to secure auto financing in Ottawa, KS with bad credit or no down payment? Sure, a lot of loan companies have stiffened up their requirements, but there are loan companies who can assist you, and we can help you track them down. You can apply for car loans in Ottawa KS in just 2-3 minutes.
Ready to look at how the process works?
To begin with, you want to apply online. We will attempt to match you with the best Kansas auto loan provider for your location, income, and down payment. Then all you need to do is finalize your auto financing documentation and choose your car or truck from a local dealership.
Click here to submit your application online.
When it comes to Kansas car loans, make sure you invest only one fifth of your monthly wages for installment payments, fuel, and upkeep. If you were to earn $3,116 a month, this means $561 to $623 monthly. Spending in excess of 18-20% will risk your financial circumstances. In terms of depreciation, used car loans are recommended, at least typically. A brand new car or truck depreciates too rapidly to be a smart expense.
Automobile Financing With Bad Credit in Ottawa, KS: Getting Approved
It’s very important to plan thoroughly for your auto loan in Ottawa, KS. This principle is critical: do not set aside above 15% of your income per month toward paying down your bad credit car loan.
- $467: 15% of average income in Ottawa, Kansas
- $156: 5% for fuel, servicing, etc.
At the same time, you want to provide a big down payment if you can. New automobiles depreciate rapidly, and a down payment compensates for this.
Mind you, we strongly encourage you to purchase a reasonably-priced used car or truck with solid gas mileage.
Bankruptcy Car Loans in Ottawa, KS
Have you ever experienced a case of bankruptcy or repossession? Countless Kansas residents think that it’s not possible to buy a car after bankruptcy or repossession. It may not be as easy as getting a car loan with a good credit score, per se, but there are loan companies who offer bad credit auto financing in Ottawa, KS, even though you’ve experienced:
- Bankruptcy (Ch. 7 or 13)
Although a bankruptcy remains on your credit profile for seven years, the vast majority of finance companies can grant a car loan after only 2.
No Credit Check Autos: Ottawa, KS
For many individuals in Ottawa, Kansas, buy here pay here car dealerships are the last resort with regards to getting approved.
You’ll find that at buy here pay here car lots, also known as a tote the note or your job is your credit car dealership, your car loan won’t originate from a 3rd party loan provider. Simply put, these car dealerships grant in house financing automobile financing to Kansas applicants who have poor credit.
Such auto loans are often granted with no credit check.
Sadly, there are several main drawbacks:
- Exorbitant Annual Percentage Rates
- Substantial Down Payment Requirements
- High Mileage Used Cars
Even if you have bad credit, you may be able to get approved for an auto loan at better rates of interest than you could expect at a buy here pay here dealership.
Dealerships That Work With Bad Credit: Ottawa (KS)
- A Automotive, 107 W 1st St, 66067
- V S Auto Mall, 502 N Main St, 66067
- Crist Auto Sales, 940 N Main St, 66067
- Crist Auto & RV, 1004 E Logan St, 66067
- Bob’s Auto Plaza and Trailer Sales, 235 North Main Street, 66067
- Creason-Tawney Chevrolet Geo Pontic Oldsmobile BCK Cdllc, 68 Highway & I 35, 66067
- Skaggs Auto Sales, 1127 North Main Street, 66067
- Leonard’s Used Cars & Trucks, 312 East Logan Street, 66067
- Heritage Motors, 436 North Main Street, 66067
- Mccurdy’s Auto Sales & Auto Service, 1649 South Main Street, 66067
- Auto Outlet, 1134 North Main Street, 66067
- Harmony Motors Inc, 1003 North Main Street, 66067
- Ottawa Ford Lincoln Mercury Inc, 402 South Main Street, 66067
- V V Autos, 3920 Highway 59, 66067