Auto Loans in Athens (GA)

auto loanHaving your loan pre-approved allows you to streamline the car-buying process. Our industry-leading network of Georgia lenders and dealers is standing by, awaiting your application. When you submit your application, our lenders compete to fund your loan. We are one of the leading services for people in need of a car loan in Athens, GA, no matter their credit.

Apply now!

What About Credit Problems?

A history of bad credit is often a roadblock to financing, but not with us. There is no minimum credit score involved, and we can help consumers at each of the subprime credit tiers.

Credit Tier FICO Range
3/C 581-659
4/D 520-580
5/F 250-519

We can find a dealer in Athens who can work with your credit – today!

Apply now!

How Much Will I Owe at Signing?

We do have lenders in our network who don’t require applicants to supply a down payment. That said, a down payment affords you significant benefits:

  • Shortens loan, meaning less paid in interest.
  • Decreases payment per month.
  • Reduces negative equity.

That being said, we understand that down payments take a lot more time and effort these days. We get people financed everyday, even with credit and down payment issues. Apply now!

Auto Loans for Students of UGA

Are you a student at the University of Georgia? Securing a car loan as a student – especially as an undergrad – can be difficult, as lenders are looking for applicants with sufficient income and credit history. Most students have a fairly shallow credit profile, given their age.  Fortunately, we do have dealers and lenders willing to work with first-time buyers and those with minimal credit history. The other challenge is income. A monthly income of $1500 is required. Keep in mind, this income must be verifiable through pay stubs, tax returns, or other means – sometimes a problem for UGA students whose primary source of income is waiting tables or tending bar. If you don’t have sufficient income, you will need a parent or relative to cosign the loan in order to be approved.

When selecting a car, be sure to check insurance premiums on it, as lenders require that you carry full coverage on any financed vehicle. As you know, insurance can cost nearly as much as your car payment, so it’s important to a practical car or truck even if it won’t look quite as cool cruising down Milledge Avenue.

How About In-House Financing in Athens?

In House financing is often referred to as:

  • We Finance
  • Rent to Own
  • Tote The Note
  • Your Job is Your Credit

Consumers who have been unable to secure financing because of serious credit problems often wind up at these types of dealerships. Everything is paid to the dealership directly, and the vehicles are usually less than $10,000.

Athens Consumer Profile

Banks, dealers, and auto finance companies are worried about much more than just your FICO rating. Loan companies review such things as:

  • Ability
  • Employment History
  • History of Debt Repayment

Listed here are average statistics for residents of Athens.

  • Pre-Tax Income: $983 Per Month
  • Average Car Payment: $108 (11% of Income)
  • Suggested Car Payment: $79 to $98 (8%-10% of Income)

If you have a low credit score, you’re not alone. This chart shows how many people in Athens are in each credit level.

FICO Score % of Population Residents
300-499 2% 2,042
500-549 5% 5,106
550-599 8% 8,169
600-649 12% 12,254
650-699 15% 15,317
700-749 18% 18,381
750-799 27% 27,571
800-850 13% 13,275