Auto Loans in Stockbridge (GA)

From FICO ratings to down payments, financing a car can be a stressful process, but we’re here to guide you every step of the way. Many dealerships, banks, and other lenders now have whole departments dedicated to web-based approvals, and we can get you approved straight from your computer. Just apply online, and we’ll work to get you the auto loan you need.

Bad Credit Car Dealerships in Stockbridge

Bad credit is rarely a problem.

The truth is, we have dealers and lenders in our network who specialize in bad credit auto loans. Sure, the APR on your loan would be lower if you had a credit score of 700 plus, which means it’s imperative that you choose an economical car or truck with easily-affordable monthly payments. We can find you a dealer in Stockbridge who’s willing to work with your credit – and because we’re reimbursed by the dealers for referrals, it’s free! Apply Now!

The amount you’ll be able to borrow is based on your credit history and income. This chart displays how much consumers of differing credit scores can borrow, based on the average monthly income in Stockbridge, $4,555. Please bear in mind that these are only estimations.

Credit Income Factor Amount
Great Credit 10 $45,550
Fair Credit 9 $40,995
Temporary Bad Credit 8 $36,440
Poor Credit 7 $31,885
Really Bad Credit 6 $27,330

Simply because it’s possible to borrow such an amount, doesn’t mean it’s a good idea. A smaller loan is highly recommended, because you will pay less interest, and your monthly payment will be more affordable.

Stockbridge Car Loans, No Money Down?

We can assist you in finding dealers who work with people with no money down. However, a down payment gives you important advantages:

  • Shortens loan, meaning you pay less in interest.
  • Lowers payment per month.
  • Minimizes negative equity.

With that said, we understand that down payments are harder to come by these days. Apply online, and indicate zero down payment in the appropriate section. We will place your application with a lender or dealer willing to fund your loan, zero down payment needed.

Stockbridge Buy Here Pay Here Financing

Buy here pay here financing is often referred to as:

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

Consumers who have been unable to get approved for financing due to major credit problems like bankruptcy often turn to these types of dealerships. Of course, the annual percentage rates are higher than average, but there are a lot fewer roadblocks to getting approved. However, most of these dealerships can’t help buyers repair their credit. In most cases, you would be better off applying online, so we can find you an auto loan in Stockbridge with lower rates and better terms.

Stockbridge Consumer Profile

Contrary to popular belief, there is more to the approval process than just your FICO score. Loan companies check your income, employment history, and history of credit.

Listed here are average stats for residents of Stockbridge.

  • Gross Salary: $54,656 Per Annum
  • Average Monthly Payment: $501 (11% of Income)
  • Suggested Car Payment: $364 to $456 (8%-10% of Income)

If you’ve got a bad credit score, you’re not the only one. This table depicts the estimated number of Stockbridge residents at each credit level.

FICO Score % of Population Consumers
300-499 2% 982
500-549 5% 2455
550-599 8% 3927
600-649 12% 5891
650-699 15% 7364
700-749 18% 8837
750-799 27% 13255
800-850 13% 6382