Get a NM Car Loan Quote

Auto Loans in Albuquerque (NM)

Need a car loan? Our dealerships and auto loan providers are ready to consider you for an auto loan. You can complete an application in no longer than five minutes of your time, and we enjoy some of the best rates of approval in New Mexico.

Albuquerque NM Auto Loans

Apply For Albuquerque Auto Loan Now!

Car Loans With Bankruptcy or Repossession: Albuquerque, NM

The economy has led to a rise in New Mexico bankruptcy filings and repossessions. Are you fearful that you won’t be able to get auto financing after bankruptcy or repossession? Fear not; there are loan companies who approve bankruptcy auto loans in Albuquerque, NM.Of course, the loan company will expect a few things from you:

  • Provide a Strong Down Payment
  • Accept a High Interest Rate

Bear in mind, paying back a bad credit car loan can be a good method to increase your credit score following bankruptcy.

Auto Loan Albuquerque NM

The truth is, many auto dealerships and creditors don’t want you to invest an excessive amount when financing a car or truck in Albuquerque. To be honest, spending too much money heightens the potential for defaulting.

In general, it’s best if your monthly payment costs less than 10% of the amount you make each month. Albuquerque, NM car shoppers get paid around $15,805 each year. Here is a brief analysis of how much the typical Albuquerque consumer should spend:

Income Per Annum

Income Monthly

Iinstallment

Car Price

  • $15,805

  • $1,317

  • $132

  • $5,531

No down payment cars seem fantastic, but down payments combat negative equity. Down payments are usually 10 to 20%. For a car or truck that costs $5,531, this is $553 to $1,106.

Minimizing Your Interest Rates

Your auto finance rate is really important when it comes to buying a car in Albuquerque.

If your credit scores are bad, a co-signer will bring down your loan rates in a big way, so long as he or she has a good credit record. But remember that a co-signer will have to pay back the loan if you don’t.

Car finance deals in Albuquerque that take 60 or more months to pay off are often enticing, considering that they lower your payment, but there are some things to keep in mind. The more time it takes to pay off the funds you borrowed, the more your car or truck will wind up costing.

Car Lots That Offer In-House Financing in Albuquerque (NM)

Auto Loan New Mexico
Get Financed!

For many folks in Albuquerque, New Mexico, buy here pay here dealerships are becoming the last resort to obtain an auto loan.

At a bad credit dealership, also called a tote the note or in house financing car dealership, the dealership won’t turn to third party creditors to approve financing. Or in other words, these locations grant in house financing automobile financing to New Mexico applicants who have poor credit. These car loans will often be available without any credit check.

Lamentably, they aren’t without several significant drawbacks. We’d be remiss to not point out:

  • Outrageous Interest Rates
  • Significant Down Payments
  • Cars That Have High Mileage
Auto Loan in New Mexico
Get a Quote!

Albuquerque Auto Lenders and Dealerships

  • AFC Automotive Finance Corporation, 2015 Yale Boulevard Southeast 87106
  • Drivetime Sales And Finance Company, 5201 Alameda Boulevard Northeast 87113
  • Direct Auto Finance, 6505 Zuni Road Southeast 87108
  • Consignment Auto Loans, 6610 Central Avenue Southeast 87108
  • Car Finance Corporation, 701 Coors Boulevard Northwest 87121
  • Win Win Auto Sales, 317 Muriel Street NE 87123
  • 4th and 40 Auto Sales, 1615 2nd Street Northwest 87102
  • 777 Auto Sales, 3720 4th Street Northwest 87107
  • A & B Auto Sales, 6305 Zuni Road Southeast 87108
  • Albuquerque Auto Outlet, 2020 Eubank Boulevard Northeast 87112
  • Albuquerque Lincoln Mercury Volvo, 7300 Lomas Boulevard Northeast 87110
  • Albuquerque Motor Car CO, 11421 Central Avenue Northeast 87123
  • American Toyota, 5995 Alameda Blvd NE 87113
  • AUDI of Albuquerque, 8900 Pan American Freeway Northeast 87113
  • Autoland USA LLC, 7423 Central Avenue Northeast 87108
  • Beltran Auto Sales, 8500 Central Ave Se 87108
  • Better Auto Sales, 8117 Central Avenue Northeast 87108
  • Big West, 6th & Menaul 87101
  • Bill Stevens Auto Sales, 4227 4th Street Northwest 87107
  • Bob Turner’s Ford Country – Credit Approval, 1101 Montano Road Northwest 87107
  • Budget Car Sales, 7900 Lomas Boulevard Northeast 87110
  • CANO Auto Sales, 2912 2nd Street Northwest 87107
  • Carquest of San Mateo, 5312 Coal Avenue Southeast 87108
  • Casa Chevrolet, 7201 Lomas Boulevard Northeast 87110
  • Coach’s Chassis, 9812 Cochiti Road Southeast Suite B 87123
  • Consignment Auto & Truck Center, 6610 Central Avenue Southeast 87108
  • Cowboy Corral KIA Albuquerque, 9640 Eagle Ranch Road Northwest 87114
  • Coyote Auto Mart, 6108 Lomas Blvd NE 87110
  • Cross Country Auto Sales, 5711 Lomas Boulevard Northeast 87110
  • Custom Auto, 307 Wyoming Boulevard Northeast 87123
  • Drivetime Car Sales, 5306 Central Avenue Southwest 87105
  • Elite Auto Sales, 1400 4th Street Southwest 87102
  • Estrada Auto Sales 2, 4216 Broadway Boulevard Southeast 87105
  • Ford-Rich Ford Sales & Service – Used Car-Truck Sales, 8601 Lomas Boulevard Northeast 87112
  • Fulton Motors, 7800 Central Avenue Southeast 87108
  • G Smith & Company Custom Wood Works, 1501 Tramway Boulevard Northeast 87112
  • Galles & Davis Subaru, 6401 San Mateo Boulevard Northeast 87109
  • Galles Motor Company, 1300 Lomas Boulevard Northeast 87102
  • Garcia Automotive Group, 8201 Lomas Boulevard Northeast 87110
  • Gibson Robert B Auto Sales Inc, 1512 4th Street Northwest 87102
  • Heffron Auto Sales, 6401 Lomas Boulevard Northeast 87110
  • Hertz Car Sales, 921 Eubank Boulevard Northeast 87112
  • Hogan’s Automotive Electrical, 1022 Carlisle Boulevard Southeast 87106
  • I’Deal Wheels Inc Dba Carworld LLC, 8449 Lomas Boulevard Northeast 87110
  • Infiniti Garcia, 8220 Lomas Boulevard Northeast 87110
  • Jam Auto Sales, 225 Wyoming Boulevard Northeast 87123
  • Karl Malone Toyota-Scion, I 40 Eubank 87101
  • Kid Auto Sales, 659 Old Coors Drive Southwest 87121
  • King Auto Sales, 7810 Central Avenue Southeast 87108
  • Larry H Miller Used Car Supermarket, 9820 Coors Boulevard Northwest 87114
  • Lee Galles Isuzu Subaru Inc, 5901 San Mateo Boulevard Northeast 87109
  • Legends of the Rio Grande, 6714 4th Street Northwest Suite B 87107
  • Lexus of Albuquerque, 4821 Pan American W Fw 87109
  • Long Auto Sales, 701 Coors Boulevard Northwest 87121
  • Luu’s Auto Sales, 7815 Central Avenue Northeast 87108
  • Malone Karl Toyota, 8800 Lomas Boulevard Northeast 87112
  • Manzano Auto Sales, 7801 Central Avenue Northeast 87108
  • Martin Perez Y Mira’s Auto Sales, 701 Coors Boulevard Northwest 87121
  • Melloy Dodge, 9621 Coors Boulevard Northwest 87114
  • Melloy Suzuki & Used Car Super Center, 1200 Lomas Boulevard Northeast 87102
  • Melloy’s Valueland, 9501 Coors Boulevard Northwest 87114
  • Menaul Auto Sales, 411 Wyoming Boulevard Northeast 87123
  • Mercury Authorized Sales & Service, 7300 Lomas Boulevard Northeast 87110
  • Mission Auto Sales, 223 Old Coors Drive Southwest 87121
  • Montano Acura, 1200 South Renaissance Boulevard Northeast 87107
  • New Mexico Truck Locators LLC, 10605 Central Avenue Northeast 87123
  • North Edith Enterprises, 6535 Edith Boulevard Northeast 87107
  • Pitre Buick-Pontiac-Gmc, 9737 Eagle Ranch Rd NW 87114
  • Quality Auto Sales, 701 Coors Boulevard Northwest 87121
  • Quality Chrysler Jeep Plymouth, 8101 Lomas Blvd Ne 87110
  • R & S Auto Sales, 2922 Coors Boulevard Northwest 87120
  • Reliable Chevrolet, 9901 Coors Boulevard Northwest 87114
  • Reliable Nissan, 9951 Coors Boulevard Northwest 87114
  • Rich Ford, Lomas & Wyoming Northeast 87101
  • Rich KIA Sales, 8603 Lomas Boulevard Northeast 87112
  • Roadrunner Auto Mart, 1515 Coors Boulevard Northwest 87121
  • Roberts Idealease, 4210 2nd Street Northwest 87107
  • Roberts Truck Center, 1623 Aspen Avenue Northwest 87104
  • Sandia BMW, 6001 Pan American W Fw 87109
  • Sandia Mini, 6001 Pan American W Fw 87109
  • Southwest Hyundai Inc, 8800 Lomas Boulevard Northeast 87112
  • Speeters, South 87101
  • University Volkswagen Inc, 5150 Ellison St NE 87101
  • Westside Chrysler Plymouth Jeep Eagle – New Car Sales, Used Car Sales, 9733 Coors Boulevard Northwest 87114
  • Zangara Dodge, 8528 Lomas Boulevard Northeast 87110