Auto Loans in Lithonia (GA)

Why waste your time driving from one lender to another, trying to secure financing? No matter credit, we can get you the loan you need a lot sooner, with fewer headaches. The benefits of our service are numerous:

  • Comprehensive Network of Lenders
  • Stress-Free Application
  • Zero Fees, Zero Obligations
  • Zero Down Payment Necessary
  • Good or Bad Credit Approved
  • Instant Approval for Qualified Applicants
  • Online Status Updates

Apply online, and your application will enter our placement system. There we will find you a lender based on where you live, your income, your down payment, and other factors.

Apply now!

Auto Loans for Bad Credit

Subprime financing is one of our specialties. There are three separate credit tiers into which subprime applicants fall, based on their specific credit score:

  • Tier 3/C: 580-660
  • Tier 4/D: 520-580
  • Tier 5/F: 250-520

Regardless of your score, there are lenders that want to give you a second chance at financing. Let us find you a dealer in Lithonia that funds loans for people with bad credit – online!

Apply now!

Financing a Car with No Money Down

Good credit? If so, you might not need to offer up a down payment. Buyers with less-than-perfect credit, on the other hand, don’t have it that easy. That’s because lenders are worried about the Loan-to-Value Ratio (LTV). This is the amount you borrow versus the wholesale value of the vehicle.

Amount Borrowed Vehicle Value LTV
$7500 $10,000 75%
$12,000 $15,000 80%
$15,000 $17,500 86%
$17,500 $22,000 79%
$20,000 $25,000 80%

The downturn had a massive effect on the average LTV for borrowers with credit problems. Back in 2005, it was nearly 100%, and slipped to about 60% in the recession era. Nowadays it is climbing as the economy gets better. The good news is, as the economy improves, more and more dealers and lenders should be able to offer car loans with zero down.

Simply indicate your down payment amount on your application, and our system can find you a dealer or lender who wants to fund your loan, whether or not you have a down payment.

Lithonia Buy Here Pay Here Financing

Buy here pay here financing is also known as:

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

These dealers make credit decisions themselves, rather than outsourcing this to banks or lenders. Everything is paid to the dealer directly, and the vehicles they sell typically cost less than $10,000.

Lithonia-Specific Credit, Income Numbers

Lenders are interested in much more than just your credit score. Loan companies look at such things as:

  • Ability
  • Employment History
  • Credit History

Listed below are some average stats for Lithonia residents.

  • Average Income: $4,513 Monthly
  • Average Car Payment: $496 (11% of Income)
  • Recommended Car Payment: $361 to $451 (8%-10% of Income)

Subprime credit is pretty pervasive nowadays in Lithonia and across the state of Georgia. The table below shows the estimated number of Lithonia residents at each credit tier.

FICO Score % of Population Residents
300-499 2% 1,642
500-549 5% 4,105
550-599 8% 6,568
600-649 12% 9,852
650-699 15% 12,315
700-749 18% 14,778
750-799 27% 22,167
800-850 13% 10,673