Auto Loans in Douglasville (GA)

From FICO scores to down payments, financing a car can be a confusing process, but we’re here to guide you from application to approval. Our system is fast, safe, and effective. Users who meet the minimum criteria have a 90% chance of being approved. Apply online, and your application will enter our advanced placement system. There we will match you with a lender based on location, income, credit profile, and other factors.

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Douglasville Bad Credit Auto Loans

Credit scores of 620 or less are often deemed subprime or “poor” credit, but our service is ideally-suited to people with weak credit. There are six primary credit tiers in the auto finance industry, and we work with lenders that service each of them. We can find a dealer in Douglasville who’s willing to work with your credit – today!

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No Down Payment?

Buyers with good credit can usually buy a car with no money down. Of course, it’s considerably more difficult for consumers with below-average credit. At this stage, the Loan-to-Value ratio becomes important. This is the amount of the loan versus the wholesale value of the vehicle.

Loan Amount Vehicle Value Loan-to-Value
$12,000 $15,000 80%
$15,000 $17,500 86%
$17,500 $22,000 79%
$20,000 $25,000 80%

The lower the LTV, the lower the risk for the lender. That being said, there are dealers who offer financing for people with no down payment.

Our application placement system can find you a dealer or lender who’s willing to work with your down payment, or lack of one.

Douglasville Buy Here Pay Here Dealers

This type of financing is often referred to as:

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

These dealers approve auto loans on site, instead of working with banks or finance companies. Everything is paid to the dealer, sometimes in person, and the vehicles they sell are typically priced at $10,000 or less.

Credit and Income: Douglasville

Banks, dealers, and auto finance companies are concerned with more than just your credit score. Creditors check your income, history of employment and residence, and credit history.

Here are average stats for residents of Douglasville.

  • Gross Income: $26,173 Annually
  • Average Car Payment: $240 (11% of Income)
  • Ideal Car Payment: $174 to $218 (8%-10% of Income)

Next we have divided up Douglasville’s population by credit rating. These are just estimates, but they should give you a general idea of where you stand.

FICO Score % of Population Residents
300-499 2% 1,506
500-549 5% 3,766
550-599 8% 6,026
600-649 12% 9,039
650-699 15% 11,298
700-749 18% 13,558
750-799 27% 20,337
800-850 13% 9,792

Regardless of where you find yourself on this table, we can help. We work with credit-seekers of all credit scores and income levels. That’s our mission.