AMKO Auto
AMKO Auto Call Us
AMKO Auto Get Directions
District Heights: (877) 547-1109 Waldorf: (855) 524-6161
District Heights: (877) 547-1109
Close

What is a Subprime Auto Loan?

No matter the cause of it, poor credit can be a tremendous barrier in many respects. When it comes to buying a car, individuals with scores considered “subprime” may find that very few dealers are willing to offer financing due the apparent investment risk. Here at AMKO Auto, this isn’t the case. We understand that purchasing a dependable form of transportation can be life-changing, so we’re here to tell you more about our subprime auto loans.

Qualifying for a Subprime Loan

Bad credit can be the result of any number of factors, including a divorce, sudden medical expenses, loss of employment, or even the death of a spouse. Regardless of the reason, having a credit score below 620 can prevent you from being approved for loans since lenders aren’t willing to take the risk of a possible default. However, since repaying a loan is often the quickest way to rebuild your credit score, this can cause a vicious cycle that’s difficult to escape from. Therefore, our Finance Department wants to assist by offering financing terms to these individuals. Although these loans have higher interest rates than standard financing contracts, they enable you to purchase a vehicle with little to no money down.

Financing Tools

If you think that a subprime loan might be your best option, you might want to consider taking advantage of the multitude of financing tools included on our website. For example, if funds are low but you have an old vehicle sitting at home, then you might want to see what it could be worth as a trade-in! Along the same lines, the easy-to-use Payment Calculator is frequently utilized by clients to help them determine what they can afford to finance, making it easier to narrow their search when browsing our inventory. Finally, even if your credit is poor, we still invite you to check your pre-approval status with our Virtual Credit Consultant.

Visit Us Today!

If you think you’re ready to proceed with the car-buying process, be sure to reach out and schedule an appointment with one of our experts, so we can start discussing the options at your disposal. During this personalized consultation, an attentive member of our staff will ask you questions about your current situation to gain a better understanding of your unique needs. That way, we can tailor a solution that fits into your lifestyle and doesn’t pose a tremendous burden on your bank account.

So, what is a subprime auto loan? Now you know that these are contracts specifically crafted for individuals with poor credit so they can still purchase a dependable set of wheels. AMKO Auto would love to dive into further detail, so feel free to contact us for further clarification!


What is a Subprime Auto Loan?

Poor Credit Can Be a Burden!

Dealership Hours

(877) 547-1109
Monday 9:30 am - 8:00 pm
Tuesday 9:30 am - 8:00 pm
Wednesday 9:30 am - 8:00 pm
Thursday 9:30 am - 8:00 pm
Friday 9:30 am - 8:00 pm
Saturday 8:45 am - 7:00 pm
Sunday 11:00 am - 5:00 pm

Contact Information


Testimonials

Great experience

Shanique C
9-23-2019
Full Star Full Star Full Star Full Star Full Star

Purchased two vehicles with AMKO Auto (Marlboro Pike) in May and had a great experience. They have a diverse selection of vehicles, willing to work with you and are professional. With a small team, they provided excellent customer service overall. They wanted to make sure we were satisfied... we definitely were! I would highly recommend! Also I want to add that I needed something completed for my vehicle, a few months later, and Leon took care of it for me.

Excellent Customer Service!

Tony J
9-17-2019
Full Star Full Star Full Star Full Star Full Star

Paschelle was GREAT! She listened and got me into the car I wanted! Excellent Customer Service! I'll DEFINITELY be bringing all my family and friends! If y'all come to the District Heights location, work with her!

Great customer service.

Donna M
9-12-2019
Full Star Full Star Full Star Full Star Full Star

Omg I’m so happy I have my 2018 dream car and it’s all because of the Syndey sale consultant was awesome very professional and worked hard in a timely manner. Thanks again for great customer service.

Beyond happy!!!!

Shante P
9-9-2019
Full Star Full Star Full Star Full Star Full Star

Paschelle is the best!!! She made my dreams come true and it me in the car that I wanted!!!! Beyond happy!!!!!! Thank You again!!!!

Happy customer!

Kendra G
8-1-2019
Full Star Full Star Full Star Full Star Full Star

I came here in 2017 and left with two cars for great prices. Yesterday, I traded in one of those vehicles and I left with more than what I wanted. I am definitely a happy customer!

Super knowledgeable and helpful

Malcolm G
7-19-2019
Full Star Full Star Full Star Full Star Full Star

Was here a few weeks ago and ended up getting a used car here. Has been running great! And not to mention, dude who sold it to me was super knowledgeable and helpful. Whenever you come make sure you ask for Pedro, he knows his stuff.

The sales and finance team were great!

Zone 7 Lawn Care LLC
5-13-2019
Full Star Full Star Full Star Full Star Full Star

The sales and finance team were great! They ensured I received the deal and the vehicle that met my needs and expectations . Go see Armando, John, Victor, and Anthony today if you’re in need of a vehicle.

Highly recommend!

Anas L
4-15-2019
Full Star Full Star Full Star Full Star Full Star

Very professional staff very helpful they will work with what you have and make sure you get taking care of I highly recommended , Armando was very helpful and James diggs , also they have a very nice inventory

Great Experience!

Arline S
4-16-2019
Full Star Full Star Full Star Full Star Full Star

I would like to thank Chelisha for the professional Customer service at Amko and Armando for the great experience. We will definitely recommend this dealership.

Great Place!

Timothy M
4-20-2019
Full Star Full Star Full Star Full Star Full Star

These guys went 100000 miles to get me in my car the owner came to my house and picked me up to come back and get my car. If you looking for a car they will take care of you

Great customer service!

Toraj R
4-10-2019
Full Star Full Star Full Star Full Star Full Star

I think one of the best dealership around DMV with great customer service and even tho I had some bad financial situation going still they got me approve with lower rates and 500 down!

Happy and Satisfied!!

Donita G
4-24-2019
Full Star Full Star Full Star Full Star Full Star

Ok, can you fast, efficient, savvy, professional and all around SUPERB!! I have never purchased a car and felt this good. Chelisha and Larry were the absolute best!! My daughter and I left feeling like part of the family.... I can’t rave enough.... I love the variety of cars and how well maintained they are...I can go on and on but I’m elated right now. If you want professional and fancy economical cars/trucks...this is the location‼️

Five Stars!

Channel
4-27-2019
Full Star Full Star Full Star Full Star Full Star

Everyone was so nice and professional. They were very patient with us through the whole process. I really felt satisfied. Thank you so much. Five starts to Chelisha and Larry.

No Regrets!

Kelley W
3-19-2019
Full Star Full Star Full Star Full Star Full Star

omg!!! just got my bday gift (SUV) ALL thanks to PACHELLE AT AMKO AUTO... YALL MUST SEE HER IF YOU WANT A BRAND NEW WHIP IT'S TAX TIME COME THRU AND SEE HER SHE GOT YOU... YOU WILL NOT BE LET DOWN I PROMISE YOU... OH AND TELL HER KELLZ SENT YOU ALSO CHECKOUT MY MANS ARMANDO ... AMKO AUTO COME THRU YOU WILL NOT REGRET IT I PROMISE YOU THAT!!

Loved our experience!

Lakeia M
3-23-2019
Full Star Full Star Full Star Full Star Full Star

Loved our experience the sales team and finance managers work with you even with credit issues. The entire team was very professional and friendly. The process was also very fast. Thank you all for everything!!!

Highly recommend!

Marcus M
3-28-2019
Full Star Full Star Full Star Full Star Full Star

The staff and management tell went above and beyond to help me get into the car I wanted. And I noticed it wasn’t just with me but also with the other customers there, I would highly recommend them to all my friends and family

Great People!

Brittany B
4-2-2019
Full Star Full Star Full Star Full Star Full Star

Paschelle is the best salesman(Women) If You Ever Go Here Ask for Her An Or Armondo They Treat you like Family, let you know everything that’s going on, An explain everything to a tea. Great place an great people

Great!

Zone 7
4-6-2019
Full Star Full Star Full Star Full Star Full Star

The sales and finance team were great! They ensured I received the deal and the vehicle that met my needs and expectations . Go see Armando, John, Victor, and Anthony today if you’re in need of a vehicle.

Best car buying experience EVER!!!!!

Cherrelle T
2-24-2019
Full Star Full Star Full Star Full Star Full Star

Thanks to Paschelle at Amko Auto, I was able to get into a vehicle I absolutely LOVE! Not only did she listen to all of my concerns but she made me feel like she really cared! I had a long day of car dealerships telling me no and then I come into Amko and was greeted by the BEST sales woman I have ever met! She was BEYOND AMAZING! I'm tell y'all, come see Paschelle at Amko in District Heights! She was sweet, charismatic and all around just a good person! I couldn't have asked for anything better. HANDS DOWN the best car buy experience EVER!!!!!! Most definitely will be referring all my friends and family to the amazing staff at Amko in District Heights!

Fantastic

Kyle M
2-18-2019
Full Star Full Star Full Star Full Star Full Star

Had a fantastic appointment with paschelle. She accommodated me extremely close to closing time and had made my first car buying experience a smooth a memorable one!

Read More

Dealership Information