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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 a bad credit lender.

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.