Auto Loans in Griffin (GA)

Searching for the best car loan in Griffin? Great, we’re here to help. More and more lenders and dealers now have entire departments dedicated to online applications, and we can get you approved from the comfort of your computer. The application itself is easy to understand, and we’ve designed it to require less information than other services.

Less-than-perfect credit isn’t a problem. There is no minimum FICO score to worry about, and we can help consumers in each of the lower credit tiers.

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

Many loan companies do require applicants with bad credit to have an income of a minimum of $1500 per month, but most users get approved right away. We can find you a bad credit car dealer or lender in Griffin who’s ready to approve you for financing – and because we’re reimbursed by the dealers for referrals, it’s free!

The chart below shows how much you can borrow, given a monthly income of $3,122, the average in Griffin. These numbers are only estimates. You may be entitled to a different amount. Speak with a vehicle finance specialist to learn more.

Credit Rating Income Factor Amount
Great Credit 10 $31,220
Decent Credit 9 $28,098
Subprime Credit 8 $24,976
Bad Credit 7 $21,854
Horrible Credit 6 $18,732

Simply because you’re able to borrow this amount, doesn’t mean you ought to. A smaller loan is advisable, because it will put less stress on you financially.

Griffin Auto Loans, No Down Payment?

We do have lenders in our network who offer financing with zero money down, even for people with bad credit. However, a down payment is recommended for a number of reasons: it reduces your payment, interest paid, and risk of being underwater. Listed below are the ideal down payments for new and used vehicles.

  • Pre-Owned Vehicle: 10%
  • New Vehicle: 20%

Nevertheless, we understand that down payments are harder to come by these days. Submit your application. We will work hard to connect you with a lender who can provide you with a loan, no down payment needed.

In House Financing Car Dealers in Griffin

If you’ve gone through bankruptcy or repossession, you’ve probably thought about going to one of the buy here pay here car lots in Griffin. Shoppers who have been unable to secure a loan due to major credit problems like bankruptcy often find themselves at these types of car lots. The rates of interest are always steep, but they often offer guaranteed credit acceptance. Lamentably, most of these car lots are unable to help buyers rebuild their credit. More often than not, it’s better to apply online through our website, so we can find you an auto loan in Griffin that can help your credit.

Credit and Income: Griffin

There is more to auto financing than just your credit score. Lenders check the following:

  • Ability
  • Source of Income
  • Payment History

Listed below are average statistics for Griffin residents.

  • Average Earnings: $37,462 Per Annum
  • Average Monthly Payment: $343 (11% of Income)
  • Ideal Car Payment: $250 to $312 (8%-10% of Income)

Have you ever wondered about the credit scores of your community as a whole? We have estimated how many Griffin residents are in each range of FICO scores.

Credit Score % of Population Consumers
300-499 2% 1122
500-549 5% 2806
550-599 8% 4490
600-649 12% 6734
650-699 15% 8418
700-749 18% 10102
750-799 27% 15152
800-850 13% 7296

No matter what your credit score is, we’re here to help. We work with consumers of all credit scores and income levels. That’s our primary goal.