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New Jersey Auto Loans (NJ)

Auto Loans in New Jersey

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Searching for auto loans in New Jersey? Whether you want a used car or a new one, we can help you get in the driver’s seat within 24 hours. Applying no money down is required.

New Jersey Car Financing Basics

  • Firstly, you’ll want to submit your application online.
  • We match you, if possible, to the best New Jersey car loan provider for your needs.
  • When pre-qualified, you will be contacted by your new New Jersey car loan provider by telephone or email.
  • Finalize your auto finance documents and choose your car or truck from a nearby dealer.

Visit here to apply online.

New Jersey Auto Loans At A Glance

The state’s average per year income is $53,853, while the average fico score is 693. Obviously, these are only average numbers. You don’t have to make $4,488 a month to qualify for an auto loan in New Jersey.

Minimum New Jersey Car Loan Requirements

The majority of New Jersey car loan lenders require that you have a consistent job with $1500 income a month, and your total monthly debt, including your new loan, must not be more than half of your wages. In the state of New Jersey, this rounds out to $2,244, on average.

Income or credit scores not high enough? No problem. You should still be able to qualify with a co-buyer, more money down, or even through bad credit car loans in NJ.

Advice For New Jersey Car Finance Shoppers

With regards to New Jersey car loans, make sure you spend only 18-20 percent of your regular monthly income for monthly payments, gas, and maintenance. For your average New Jersey motorist, this equates to $808 to $898 each month. Spending more than 18-20% will endanger your credit score and finances. With gasoline prices ever-increasing, you might want to choose a reasonable car that offers solid fuel economy. More often than not, obtaining a used car in New Jersey is best. Used cars are less costly to finance. And in addition, they lose value less quickly than new vehicles.