Auto Loans in Kennesaw (GA)

Need to get approved for financing as soon as possible? We can help. Each and every lender has their own approval requirements, so it’s important to find one that matches your needs. The application itself takes less than three minutes to complete, and we’ve designed it to require less information than you might expect.

Apply now!

Financing a Car with Bad Credit

Our application process is an excellent option for consumers with problematic credit. If you were to go from dealer to dealer, submitting applications, you’ll probably get rejected once or twice. Our process is much more convenient: you can apply online, and we’ll find a lender who wants to approve you for financing, even if your credit isn’t ideal. You’ll typically be approved by a bad credit car dealer or auto lender. Both of these types of companies will report to the credit agencies, which is a prerequisite for reestablishing your credit.

Apply now!

Financing a Car with No Down Payment

Excellent credit? Then you might not have to provide a down payment. If you have poor credit, however, your dealer may require you to supply a down payment. That’s because lenders are focused on the Loan-to-Value Ratio, often known as the LTV. Divide the the amount you want by the wholesale value of the vehicle. This is the LTV.

Amount Financed Vehicle Value Loan-to-Value
$7500 $10,000 75%
$10,000 $15,000 67%
$20,000 $25,000 80%

The credit crunch had a huge effect on LTV’s for borrowers with bad credit. Before the recession, it was almost 100%, and fell to around 60% in the recession era. Nowadays it is climbing as the economy gets better. What’s promising is, as the economy gets better, more and more lenders and dealers will be offering auto loans with no down payment.

Our application placement system will find you a dealer or lender who’s willing to work with you, even if you don’t have a down payment.

Kennesaw Buy Here Pay Here Dealers

This type of financing is sometimes referred to as:

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

Customers who cannot get approved for financing due to serious credit problems often find themselves at these types of dealerships. They specialize in helping people with issues like open bankruptcy, foreclosure, or repossession in the last 12 months.

Credit and Income: Kennesaw

Truth be told, there is more to auto financing than just your credit score. Lenders check your ability to pay (income), employment history, and individual credit history.

Listed below are average stats for Kennesaw residents.

  • Gross Income: $32,837 Per Year
  • Average Car Payment: $301 (11% of Income)
  • Recommended Car Payment: $219 to $274 (8%-10% of Income)

If you have a bad credit score, you aren’t the only one. This chart depicts the estimated number of Kennesaw residents at each credit tier.

FICO Score % of Population Residents
300-499 2% 1,316
500-549 5% 3,290
550-599 8% 5,264
600-649 12% 7,896
650-699 15% 9,870
700-749 18% 11,844
750-799 27% 17,765
800-850 13% 8,554

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

Ready to get approved? Go here to apply online.