Auto Loans in Newnan (GA)

We know that financing a car can be a headache. That’s why we developed our system for online credit acceptance. Our loan-finding platform takes the headache out of getting approved. Submit your application, and the dealers and lenders in our network compete against each other to fund your loan.

Newnan Bad Credit Car Dealerships

Our application process is a great option for people with low credit scores. There’s no minimum FICO score to worry about, and we can help consumers in each of the lower credit tiers. Of course, low credit scores mean higher rates of interest, so it’s vital that you finance a cost-effective car or truck with affordable payments. Let us find you a dealer in Newnan who can accept your credit – and also, since we’re compensated by the dealers themselves, it’s free! Apply Online!

Car Loan Amounts for Newnan Residents

Needless to say, the amount of the loan basically determines your choice of vehicle, so it’s always an important question. This chart details how much consumers of different credit scores can finance, given an income of $2,279 monthly, the average in Newnan. Please know that these are only estimations.

Credit Income Factor Amount Borrowed
Good Credit 10 $22,790
Average Credit 9 $20,511
Subprime Credit 8 $18,232
Bad Credit 7 $15,953
Really Bad Credit 6 $13,674

To find out how much you can borrow, multiply your pre-tax monthly income by the corresponding income factor.

Buyers with good credit can typically get financed without a down payment. If you have a low credit score, however, your dealer may require you to supply a down payment. That is because financing customers with credit problems is a much riskier proposition, and a down payment means that some percentage of the vehicle’s value has already been secured. That said, we get a lot of borrowers approved for financing, even with their lack of down payment.

Auto Loans for People with No Credit in Newnan

Getting a car financed is a good way to build credit. On the flip side, it can be difficult to get approved if you don’t have an established history of credit. No reason to be too disheartened, though. In today’s market, many finance companies will do business with you if you have sufficient income. Make $1500 a month? Then you can probably get a car loan, though at a high rate of interest. Otherwise, you can ask a parent or relative to cosign your car loan.

Buy Here Pay Here Auto Sales in Newnan

In Newnan, buy here pay here dealers now represent a considerable portion of the market, largely thanks to the credit crunch. Customers who have been unable to get approved for financing due to serious credit problems often resort to dealerships like these. The annual percentage rates are typically expensive, but they often offer guaranteed credit acceptance. We recommend that you avoid these car lots, instead securing a car loan from a bad credit dealership in Newnan that can help you restore your credit. Apply today – it takes less than 3 minutes.

Newnan Consumer Profile

Listed here are average stats for Newnan residents.

  • Gross Salary: $2,279 Per Month
  • Average Car Payment: $251 (11% of Income)
  • Suggested Car Payment: $182 to $228 (8%-10% of Income)

Newnan Population by Credit Score

Here we’ve broken down Newnan’s population by credit score. These estimations should give you a sense of where you stand.

FICO Score % of Populace Residents
300-499 2% 1189
500-549 5% 2971
550-599 8% 4754
600-649 12% 7131
650-699 15% 8914
700-749 18% 10697
750-799 27% 16045
800-850 13% 7725

Your credit rating will primarily determine your APR. However, as long as you have the income, we can ordinarily find somebody to finance you, even if you need an auto loan in Newnan with bad credit.