Auto Loans in Roswell (GA)

Here at Georgia Auto Finance, we get our customers approved for financing with no fees, hassles, or obligations. Our system is fast, safe, and effective. Consumers who meet the minimum criteria have a 90% chance of getting financed. Apply online, and you could be working out the details of your loan with a finance specialist in minutes.

Auto Finance Rates in Roswell

Roswell GA
Roswell City Hall

The rate of interest you’re charged is dependent on myriad factors:

  • Credit Score
  • Depth of Credit
  • Debt to Income Ratio
  • Income and Employment
  • And more…

For this reason, it’s difficult to generalize what you rates you can expect, though we’ve listed average rates in Georgia for good credit here and bad credit here.  In order to minimize your rate as much as possible, it’s a good idea to pull your credit report and make sure it’s free of errors that could hurt your score. Bad credit is fairly common these days, and helping clients with credit problems is one of our primary goals. There are three individual credit tiers generally regarded as “bad credit”:

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

No matter your score, we have dealerships who arrange auto loans in Roswell for bad credit. You’ll typically be approved by a bad credit car dealer or subprime auto lender. Companies like these submit information to the credit reporting agencies, which is great if you want to restore your credit.

Apply now!

No Down Payment Deals?

Do you have a credit score of 700 or better? If so, you probably won’t have to stress about a down payment. Shoppers with poor credit, on the other hand, may need to furnish a down payment. When dealing with subprime credit, lenders are interested in the Loan-to-Value Ratio, or LTV. Divide the amount of the loan by the wholesale value of the car or truck being financed. This is the LTV.

Amount Financed Vehicle Value Loan-to-Value
$7500 $10,000 75%
$12,000 $15,000 80%
$15,000 $17,500 86%
$15,000 $20,000 75%
$20,000 $25,000 80%

The economic downturn had a substantial impact on the average LTV for subprime applicants, but it is back up to around 70%. That isn’t to say dealers don’t offer financing for people with no money down.

We get people financed each and every day, despite issues with their credit and down payment. Apply now!

Roswell Buy Here Pay Here Dealers

Buy here pay here financing is otherwise known as:

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

Shoppers who have been unable to secure financing because of seriously bad credit often turn to these types of dealerships. The loan rates are always expensive, but they often offer guaranteed credit acceptance.

Roswell-Specific Financial Profile

Lenders are interested in much more than just your FICO rating. Lenders consider your income, history of employment and residence, and history of credit.

Below are some average stats for Roswell residents.

  • Pre-Tax Income: $52,735 Per Annum
  • Average Car Payment: $483 (11% of Income)
  • Ideal Car Payment: $352 to $440 (8%-10% of Income)

Ever wondered about the credit scores of your neighbors? We have calculated how many Roswell residents are in each range of FICO scores.

FICO Score % of Population Residents
300-499 2% 1,764
500-549 5% 4,411
550-599 8% 7,058
600-649 12% 10,587
650-699 15% 13,233
700-749 18% 15,880
750-799 27% 23,820
800-850 13% 11,469

Ready to begin? Go here to apply online.