Auto Loans in Riverdale (GA)

If you need to finance a car, we can help. Our system is fast, secure, and effective. Clients who meet the minimum criteria have a 90% chance of approval. Simply submit your application, and we’ll work to get you approved from a dealer or lender who suits your needs.

Riverdale Bad Credit Car Dealers

Low credit score? Not a problem. We help you to find a lender who wants to approve you for financing, even when your history of credit is less than perfect. There isn’t a minimum FICO score involved, and we can help applicants at each of the lower credit tiers. It is true that poor credit scores translate into increased interest rates, but that’s just how the lending industry works. If you have subprime credit, you’ll probably be matched with a dealer or lender in Riverdale that specializes in subprime credit. These companies report your debt repayment to the credit agencies, which is great when you need to rebuild your credit. Apply Online!

Car Loan Amounts for Riverdale Residents

Lenders calculate how much to lend you based on your income and credit score. Below, we’ve listed how much people of differing credit scores can borrow, given the average monthly income in Riverdale, $3,880. Please know that these are only estimations.

Credit Score Income Factor Sum
Good Credit 10 $38,800
Average Credit 9 $34,920
Temporary Bad Credit 8 $31,040
Poor Credit 7 $27,160
Very Bad Credit 6 $23,280

Just because you can borrow such an amount, doesn’t mean you should. A smaller loan is highly recommended, because it will put less strain on you financially.

How Much Will I Have to Put Down?

No down payment? No problem. However, a down payment is a smart choice because it decreases your payment per month, the amount of interest paid, and risk of being upside down. An excellent down payment is 20% for a new vehicle, and 10% for a pre-owned one. That said, you don’t need a down payment to submit an application. Apply online, and indicate that you don’t have a down payment. We’ll work tirelessly to place your application with a dealer or lender who can finance your purchase, zero down payment required.

Buy Here Pay Here Auto Sales in Riverdale

In Riverdale, buy here pay here dealerships have grown by leaps and bounds, largely as a result of the economic downturn. These dealers specialize in helping people who cannot get approved by a traditional lender. Everything is paid to the dealership, often in person, and the vehicles are typically less than $10,000. If possible, steer clear of these kinds of car lots, opting instead for a bad credit auto loan arranged through us. Apply online – there’s no fee or obligation.

Riverdale Consumer Profile

Listed below are average stats for Riverdale residents.

  • Average Income: $3,880 Monthly
  • Average Monthly Payment: $427 (11% of Income)
  • Suggested Car Payment: $310 to $388 (8%-10% of Income)

Riverdale Consumers by Credit Tier

Here we have a breakdown of Riverdale’s population by FICO score. These are just estimations, but they should give you a general idea of where you stand.

Credit Tier % of Populace Consumers
300-499 2% 1069
500-549 5% 2674
550-599 8% 4278
600-649 12% 6417
650-699 15% 8021
700-749 18% 9625
750-799 27% 14438
800-850 13% 6952