Auto Loans in Macon (GA)

Searching for a car loan in Macon? If so, we can help you streamline the car-buying process. Our loan-finding system takes the headache out of getting approved. The actual application is completely web-based, and we’ve designed it to require fewer details than other services.  Go here to submit your online application. It only takes 2-3 minutes, and we’ll give you all the information you need to get the best rate possible.

Serving All Credit Tiers

At Georgia Auto Finance, we’re proud to say that, unlike many national and regional banks, we serve every end of the credit spectrum. Whether you have good credit or bad, we can help you finance your next purchase. In fact, subprime borrowers really benefit from our services, because we prevent them from having to submit applications all over town. There is no minimum credit score for applying – the major requirement is a monthly income of at least $1500. Each applicant will be quoted a different interest rate, based on a multitude of factors, but you can check average rates here.

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

Remember, making regular payments on a car loan can boost your credit scores. So let us find you a lender or dealership that approves bad credit auto loans in Macon – online!

Getting Approved with No Down Payment

Macon bad credit auto loanIf you have a favorable credit record, then yes: you can typically finance a car with no money down. However, it’s a bit harder for consumers with low credit scores. That’s because financing customers with bad credit is a much riskier process, and a down payment means that at least a percentage of the vehicle has been paid off. That being said, there are dealers who offer financing for people with no money down. We get people financed all the time, even with credit and down payment issues. Apply now!

Macon Buy Here Pay Here Financing

This sort of financing is sometimes referred to as:

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

These dealers work with consumers who cannot get approved by a traditional lender. Without a doubt, the annual percentage rates are inflated, but there are fewer hurdles to credit acceptance.

Macon-Specific Income, Credit Statistics

As of the latest census, more than 30% of Macon residents were below the poverty line. This can be problematic, as there’s a lot more to the approval process than just your FICO score. Creditors review such things as:

  • Debt to Income Ratio
  • Source of Income
  • History of Payments

Listed here are average statistics for Macon residents.

  • Average Income: $1,197 Per Month
  • Average Car Payment: $132 (11% of Income)
  • Suggested Car Payment: $96 to $120 (8%-10% of Income)

Have you ever wondered about the credit ratings of your neighbors? We’ve estimated how many Macon consumers fall into each range of FICO scores.

FICO Score % of Population Residents
300-499 2% 3,270
500-549 5% 8,175
550-599 8% 13,081
600-649 12% 19,621
650-699 15% 24,526
700-749 18% 29,431
750-799 27% 44,147
800-850 13% 21,256

According to our estimations, approximately 44,147 Macon residents have credit scores of 650 or lower, typically considered subprime. If your credit puts you in one of the lower tiers, don’t be concerned. We have lenders who work with each of these credit tiers. Ready to get going? It’s easy to apply online.