Have bad credit? Let’s consider FICO scores in New Mexico in general:
- Avg NM FICO Score: 663
- FICO Score Viewed as “Bad”: under 620
Nobody likes to have their credit rejected. We may be able to help. Go here to submit your secure application. The vast majority of lenders require people suffering from bad credit to have an income of $1500 per month, at minimum, and only $750 per month in debt payments (including your auto loan). However, our lenders will review your application on a case-by-case basis. You can get approved, and we can help!
Auto Financing With Bad Credit in New Mexico
Listed here are things you can do to boost your odds of meeting your lender’s approval criteria.
- Provide Accurate Application Details.
- Supply More Money Down.
- Get a Co-signer.
- If This Isn’t Enough, Get an Auto Loan at a Buy Here Pay Here Car Lot in NM.
Furthermore, we strongly encourage you to finance an inexpensive used car that offers solid fuel economy. SUV’s can run you several thousand extra dollars per year in fuel costs, and they have become harder to sell. Cars with stronger resale values will keep you from going “upside down” on your loan, or owing more than your vehicle is worth.