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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

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Testimonials

Highly Recommend

Marley Kamara
3-11-2020
Full Star Full Star Full Star Full Star Full Star

Thank you team. Efficient and made sure I walked out with a great car for an affordable price! Great service and communication. Y’all are just great. Highly recommend. Thank you again Bobby John & Leon!!!

Gems

Chi Chi
3-4-2020
Full Star Full Star Full Star Full Star Full Star

I purchased a Beautiful SUV from this dealership. You'll find some gems here.

Excellent Service

Brence Wallace
2-17-2020
Full Star Full Star Full Star Full Star Full Star

They are the best, they got me a good deal and the car that I want excellent service.

Hands down best dealership

Sara Rice
2-12-2020
Full Star Full Star Full Star Full Star Full Star

Hands down best dealership around went in for certain type of car and came out with even better our salesperson Kimmy was great and the two managers were great also did everything to make sure we were exactly where we wanted to be everyone should go and see them !!!!!!

The whole process went well

Michael Drew Dinkel
2-11-2020
Full Star Full Star Full Star Full Star Full Star

These people sure have an in-depth knowledge of sales and how to knack the best deals. A colleague recommended them to me after voicing out my fear of being a victim to a dealership that will try to rip me off. The staff is very good and they have a pleasing way of putting my mind at rest. The whole process went well and my car is functioning perfectly. (that is surely more important, I must say) If you value peace of mind when it comes to buying of cars, Amko Auto can guarantee you that.

Happy and satisfied

Kizzie Brown
2-4-2020
Full Star Full Star Full Star Full Star Full Star

Leon, Tony and John greeted me with a smile and made me fill welcomed and at home. They ashored me that I will be happy and satisfied leaving this lot and I was. Leon let me know that having bad credit is not always bad and we still are good people we make mistakes and we can fix them. I would recommend everyone come to Amko Auto if u want a reliable ride

Outstanding

Alley West
12-23-2019
Full Star Full Star Full Star Full Star Full Star

Ehren helped me, he provided outstanding customer service.

Great

Andrea Salguero
12-18-2019
Full Star Full Star Full Star Full Star Full Star

Ehren and Sam were great, they helped me get approved for my dream car.

Great!

Tairese Brown
11-12-2019
Full Star Full Star Full Star Full Star Full Star

My experience at Amko auto was great! Ehren the salesman was patient and professional. I wasn’t pressured into buying a car or anything. Leon did an outstanding job with the financing part. They work with you and will find something that fits you and your pockets. Lastly Sam! He verified the process swiftly and I was out and on the road with my New car!

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!

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