Finance Department

Used Car Financing and Auto Loans

AMKO Auto has a large, sprawling selection at our dealership. It's picked out by some of the most experienced and trained sales staff in America, so you know you're getting cars that are fully inspected and reconditioned before the big sale. You might even have a model already picked out from our inventory. If so, we hope you'll take some time to learn about our used car financing in Temple Hills and Laurel.

What We Do

To give everyone a great chance for approval, we keep our inventory large and diverse and our network of lenders just as diverse. Some lenders focus on buyers who have excellent credit and want to get extremely competitive rates. Others focus on bad credit buyers who need a lot of help to even be able to qualify for an auto loan or any type of financing. Part of what we do is making sure that we have a lender for every type of buyer in Temple Hills and Laurel.

How We Get Things Done

Communication is a key part of used car financing and auto loans. Unless you work with a dealership that really listens to your goals, you can quickly get lost in the red tape or give up altogether after a single rejected finance application. We get things done by actually listening to our car buyers and making sure that they have the tools they need to buy a vehicle. This includes making sure that our inventory is fully stocked with vehicles in different price ranges, having a large network of lenders to choose from, and making different types of finance strategies available to our clients.

Good Personnel

Good help isn't hard to find, but some dealerships rush to hire people before really getting to know them. Our job application includes background checks and in-depth information about candidates, so we don't just hire the first people who come through the door. There needs to be some kind of exceptional education or experience behind the candidate at our dealership in Temple Hills and Laurel. AMKO Auto works hard to hire only those people who are going to make a good impression on our customers.

Tips for Used Car Financing in Temple Hills and Laurel

Most folks who finance with excellent credit don't need too many tips to come out victorious after an application. The only tip we have for people with extra credit is to get shopping! Every vehicle on our lot could potentially be yours once you make the decision. For those who aren't in this position, though, used car financing in Temple Hills and Laurel can be a bit more challenging. Here are just a few tips we recommend to our bad credit or average credit clients who plan to apply for financing this year.

Pay down those credit card bills

Credit utilization is the #1 thing that lenders look at when approving someone for car financing. Your credit utilization is a percentage derived when you compare the amount of credit you have to the amount of credit you're currently using. If you have a credit limit of $10,000, and you currently owe $3,000, then your utilization is 30%. Most lenders like to see a utilization below 30%, and other lenders will even look for buyers who use less than 10% of their credit. Whenever possible, get some of those credit card bills paid down before you apply. It'll really help get you into a lower interest rate deal.

Save for your down payment

The larger your down payment, the better. We always tell our customers to make the down payment comfortable, but if you pay more down, you have less to pay later on. You'll also find that your monthly bill is lower, and it can get rid of some of your interest over the years.

Believe in yourself

You might already qualify for financing or an auto loan on one of our vehicles right now. It might even be the very vehicle you want. Don't be afraid to finance with us! We have pre-approval processes that don't put a hit on your credit report but do give you a general idea as to whether or not you qualify for an auto loan or lease.

Want to Learn More

We live to hear from our customers. If you've got questions about financing with us this year, please let a member of our team know. They're available to talk or write to you online, over the phone, and at our dealership. We've got a great finance department. Get to know them now.

Our Finance Department

We strive to work with each customer to ensure their satisfaction. You can save time now by using our quick pre-approval form to qualify for one of our finance programs. We are always happy to answer your questions so please don't hesitate to contact us today!

Our Locations

Are You Ready to Buy a Car

If you've been window shopping for a car recently, you might have already started to contemplate the state of your credit in Temple Hills and Laurel. At AMKO Auto, we are here to provide intensive care to those who need bad credit financing. As part of our attempt to help customers, we'd like to lay out a few things you should consider before deciding on your vehicle budget. Car shoppers are surprisingly good at estimating their most comfortable monthly payment. In fact, about 40% of customers do a fantastic job and stay at or under budget; 40% of buyers hit this mark. Anyone who wants to make sure they don't go over budget should do these few things before buying.

Zone in on the big picture

Don't get fixated on the monthly payment of your next vehicle. Look at the overall price of the car and whether or not it's worth what you're being asked to pay. Using an affordability calculator, you want to actually zoom in on the big picture (the car's final price with interest added in).

Analyze your monthly budget

Find out how much you spend on everything that isn't a vehicle. What is your mortgage or rent payment? How much do you usually spend for groceries, childcare, household items, gas, and vacations? You want your overall vehicle price to be enough to account for the rest of your budget.

Go beyond the numbers

You know your living situation better than anyone else. Do you have a lot of unexpected expenses or things that might be coming up in the next few years? Leave some room in your vehicle price to account for unexpected things that might come up over the years.

Start cutting out some expenses

A vehicle's down payment and monthly payment should be priority. Not paying your car payments can result in damage to your credit or even losing your vehicle, so if there's anything frivolous in your budget that you'd like to get rid of to have more money for a car, get started on that a few months before you buy.

Bad Credit Financing in Temple Hills and Laurel

The most obvious question people have before financing is, "Can I even get financed?" Customers with bad credit in Temple Hills and Laurel should visit AMKO Auto with complete confidence that they will be approved for bad credit financing. The more confident you are, the better. AMKO Auto isn't here to judge or to make anyone feel uncomfortable about their finances. Bad credit financing in Temple Hills and Laurel is one of our specialties.

Get an Overview of your Credit

We recommend pre-approval at the start of your expedition to find a new or used vehicle. Many bad credit customers are surprised to find out at the very beginning that they are approved for financing in Temple Hills and Laurel. It could be that you're worried about an issue that doesn't even exist. Most people with credit ratings of 550 or over can still be approved for bad credit financing. Sometimes people with even lower credit ratings get approved right out of the gates.

Know What to Bring In

Our dealership wants to conveniently get you financed as quickly as possible. Bringing in your information to the dealership first thing is going to help expedite your final approval and paperwork. We recommend that you bring your driver's license, utility bill (to show us where you live), proof of income, and other vital information. If you want a full rundown of what to bring, just ask our financing team.

Get Ready for Approval

Bad credit financing in Temple Hills and Laurel is a reality. You don't need perfect credit or even good credit to go home in the vehicle you want today. At our dealership, we sell all makes, models, and classes of vehicles, so you're never stuck with just a few brands to choose from. The finance team is here to help everyone go home in a car they love. Contact us now if you'd like to get pre-approved for financing the quick and easy way.