Auto Loans in Duluth (GA)

Don’t go driving from bank to bank, submitting credit applications. We can get you financed a lot sooner, with fewer hassles along the way. We have relationships with lenders and dealers in Duluth and across Georgia who want to approve you for financing – right now! Here’s how the process works:

  1. Take a few minutes to submit our secure application.
  2. Check your inbox for your approval status.
  3. Have a discussion with your lender about your interest rate and terms.
  4. Sign your agreement.
  5. Go select your vehicle.

Could it be any easier to secure a car loan in Duluth? We do the legwork for you. Just submit your application, and wait for your lender or dealer to contact you about your loan.

Credit Scores of 620 or Lower

Credit score of 640 or less? That’s often considered subprime or “bad” credit, but our system is especially beneficial to consumers with less-than-perfect credit. There’s no minimum FICO score for applying, and we can help applicants at each of the subprime credit tiers.

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

You’ll typically be approved by a bad credit dealership or subprime auto finance company. Both of these types of companies report to the credit agencies, which is a prerequisite for reestablishing your credit.

Apply now!

Down Payment: Do I Need One?

We can help you find dealers who finance people with no down payment. However, a down payment is a smart choice for a number of reasons: it minimizes your payment, total interest, and risk of negative equity. Here are the ideal down payments for new and used vehicles.

  • Used Vehicle: 10%
  • New Vehicle: 20%

Of course, you don’t necessarily have to have cash. Many buyers – actually the majority of them – trade-in an existing vehicle to the dealer. The dealer then provides a trade allowance, which can be applied to the down payment.

Here at Georgia Auto Finance, you don’t even need a down payment to submit an application. Our application placement system will find you a dealer or lender who’s willing to work with you, even if you can’t put any money down.

What About In-House Financing?

This sort of financing is also referred to as:

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

Shoppers who cannot secure financing because of major credit problems like bankruptcy often turn to these types of dealerships. Payments are made to the dealership, sometimes in person, and the cars and trucks for sale typically cost $10,000 or less.

Duluth-Specific Credit, Income Numbers

Banks, dealers, and auto finance companies are interested in a lot more than just your FICO rating. Loan companies check your income, history of employment and residence, and history of repayment.

Below are some average stats for Duluth residents.

  • Gross Income: $21,525 Per Annum
  • Average Car Payment: $197 (11% of Income)
  • Ideal Car Payment: $144 to $179 (8%-10% of Income)

If you have less-than-perfect credit, you’re not alone. This chart depicts the estimated number of Duluth residents at each credit level.

FICO Score % of Population Residents
300-499 2% 1,537
500-549 5% 3,844
550-599 8% 6,150
600-649 12% 9,224
650-699 15% 11,531
700-749 18% 13,837
750-799 27% 20,755
800-850 13% 9,993

If you’re in one of the lower ranges, don’t be concerned. We can still help you get approved.