Auto Loans in Lagrange (GA)

Don’t go driving from bank to bank, applying for financing. We will help you get the approval you need faster. We have relationships with dealers and lenders in Lagrange who can approve your credit – right now! Apply online, and we’ll find you a car loan that meets your needs.

Bad Credit Car Dealerships in Lagrange

FICO rating of 640 or less? That’s generally considered subprime or bad credit, but our system is uniquely-suited to people with problematic credit. We work with people from every end of the credit spectrum. Regardless of what tier you’re in, we have lenders that want to get you into a new car. As you know, poor credit scores translate into increased interest rates, but that just comes with the territory. Let us find you a dealership that approves auto loans for people in Lagrange with credit problems – today! Apply Online!

Auto Loan Pre-Approval: How Much?

The maximum size of your loan is largely determined by your credit history and verifiable income. This table shows how much applicants of different credit scores can borrow, based on an income of $2,005 a month, which is the average in Lagrange. Please be aware that these are only estimations.

Credit Income Factor Loan Amount
Excellent Credit 10 $20,050
Decent Credit 9 $18,045
Subprime Credit 8 $16,040
Bad Credit 7 $14,035
Really Bad Credit 6 $12,030

To see your own loan amount, multiply your pre-tax monthly income by the corresponding income factor.

Down payments can be made in cash or trade equity, and typically are priced between 5-20% of the vehicle’s price. They are typically required of borrowers who have a disappointing history of debt payment. The reason is simple: financing consumers with subprime credit is a much riskier proposition, and a down payment makes sure that some percentage of the vehicle’s value is not on the line. With that being said, there are dealerships who provide auto loans for people with no money down.

Apply online. We will work tirelessly to place your application with a lender or dealer who can finance your purchase, no down payment required.

What About In-House Financing in Lagrange?

Buy here pay here financing is often referred to as:

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

These dealerships specialize in helping people that have been declined by traditional banking institutions. They approve people with problems like bankruptcy or repossession on their record. If possible, eschew these Lagrange BHPH dealers and opt for a bad credit car loan online. Apply online – financing specialists are awaiting your call.

Budgeting for a Car in Lagrange

The average income in Lagrange is $2,005 per month, and you should spend 8% of your monthly income paying off your loan each month–$160. Let’s have a look at what your price bracket would be, at different rates of interest.

Good Credit Average Credit Subprime Credit
Monthly Installment $160 $160 $160
Rate 3.50% 7.00% 11.00%
Money Down $2,204 $2,025 $1,844
Loan Amount $8,817 $8,101 $7,377
Interest Paid $807 $1,523 $2,247
Purchase Price $11,021 $10,126 $9,222