Finance

Welcome to Merchants Auto’s Automotive Finance Center in Hooksett, NH!

About Our Auto Loan Department in Hooksett Near Manchester & Concord, New Hampshire

When you come to Merchants Auto for a used car in New Hampshire, you can be confident in choosing us to handle the financing for you. We are the largest CUDL (Credit Union Direct Lender) in New England, and have a large variety of auto financing options for our customers. Be sure to give us a call or come see us for more info about buy here, pay here program.

Let Our Car Loan Experts, Serving Manchester, Concord, Nashua and Derry, Crunch the Numbers So You Don’t Have To

The best part of the search for your next used car in Hooksett is finding the vehicle of your dreams. The worst part? For many, it’s trying to make the numbers work. At Merchants Auto, we understand that securing a used car loan can be a hassle. That’s why we offer a wide range of solutions to drivers from Manchester, Concord, Nashua and Derry. And to sweeten the deal, we staff a full car service and maintenance department to ensure your next automotive investment stands the test of time.

If you’re ready to take the next step toward calling the car you’ve been eying your own, simply fill out our contact form. Or if you prefer to talk financing in person, stop by and see us during regular business hours.

GET APPROVED VIEW PRE-OWNED VEHICLES

Are you entering the market for a used car? Whether you are looking for an upgrade, a first car for your child, or you need a reliable vehicle to drive on a tight budget, we recommend that you look into our affordable, reasonable car loans. We offer traditional vehicle financing, bad credit car loans, and “buy here pay here” car loans in the Manchester area. It’s easy to apply, and if you have any questions about how our loans work, please don’t hesitate to send us an email, give us a call, or stop by our dealership to speak with an expert in person.

We don’t look at financing as a loan — we think of it as your ticket to getting the vehicle that you need or want. Our cars are loaded with value, and a reasonably priced loan doesn’t take anything away from the value they present.

Used Car Finance in Manchester, NH

Do you live in the Manchester area? We are easy to find; our dealership, located right in Hooksett, NH, is right off of Route 3. You can easily access our used car finance center from Hooksett, Concord, Manchester, Bow, or the surrounding area, and there’s nothing better than being just a few minutes away from a car dealership and service center that you can trust. If you need help finding our location, or if you want to know exactly what our inventory is before you arrive, keep an eye on our website or get in touch.

Get Pre-Applied; It Only Takes Minutes

If you think you are going to need a loan in the near future, we recommend that you go ahead and get pre-approved before you even start looking at cars. It allows to you to enjoy the shopping process without having to worry about the money coming through, and it solidifies your budget before you even get started. In short, you can just enjoy looking at cars; you already know what you can afford, and you won’t be tempted to overspend since you’ve already been approved for a certain line of credit.

To start, just fill out our easy online application. You’ll need your banking and financial information, and you will get a rapid and accurate assessment of the credit you are eligible for. If your application is particularly strong, you may qualify for more financing or lower APR — but regardless of your credit score, we’d love to see you apply. Our application form is secure and easy to use, and if you have any questions, please don’t hesitate to reach out.

Car Finance for Bad Credit

Is your credit score poor or below average? Don’t worry – we are more than happy to work with you to get you behind the wheel of the car you need. We understand that life happens, and you shouldn’t be prohibited from buying a reasonable car just because of a missed payment in the past or a patch of bad luck.

If you fill out an application and demonstrate that you have a stable source of income, you will likely still qualify for a good car loan, even if it is slightly less in financing than someone with a very high credit score

We want you to feel comfortable communicating your car buying needs to us, and whether you have great credit or need a bad credit car loan, we are here to help. Reach out at your earliest convenience — we’d love to hear from you.

Buy Here Pay Here Car Loans

If you need buy here pay here in NH, you’ve come to the right place. We love working with the members of our community who need to get a reliable car, and that extends to people who have poor credit or rough financial history. Buy here pay here car loans are just as effective as traditional loans, and they will still get you behind the wheel of the car you need.

In short, BHPH loans are for people who are unable to qualify for a traditional car loan for one reason or another. It could be because that individual’s financial history is spotty — perhaps you’ve filed bankruptcy or missed too many credit card payments. Regardless of the reason, we can help you fund your car purchase.

In a buy here pay here loan, you receive financing directly from our dealership rather than a third party loan vendor. As a result, you make all of your car payments to us. Another part of bhph loans that sets them apart is that you will make more frequent payments (often bi-weekly, sometimes even weekly), and those payments are often due in person rather than via direct deposit or transfer. Another thing to keep in mind — buy here pay here loans will usually carry a higher interest rate than traditional loans, but that doesn’t mean you should avoid them. As long as you demonstrate reliable income and take a reasonable loan, the interest shouldn’t be a problem.

How Can You Increase Your Credit Score Before Applying for Loans?

While your credit score may often seem fickle, you can take action to improve your rating. Bear in mind — credit score gains and drops are often latent, so you need to start several months (or even a couple of years if you have serious credit knocks in the past) in advance. You can apply to have certain items removed from your credit history if you believe they are inaccurate, and you can even have things removed at times if the balance is paid in full.

A more accessible and reliable way to increase your score is to keep your ratio of available vs. unavailable credit to 30% or lower — in other words, if you have $1000 of credit with your credit card, you’d want to keep your balance lower than $300 at any given time. This can have a fairly dramatic effect on your score, and it’s completely within your power.

Whether you need a buy here pay here loan or a traditional version of car finance, get in touch! We’d be happy to help.