Auto Loans in Stone Mountain (GA)

Here at Georgia Auto Finance, we pride ourselves on getting our users approved for financing with no fees, no headaches, and no obligations. More and more lenders and dealers have entire departments dedicated to web-based applications, and we can help you line up your loan straight from your computer. Here’s how the process works:

  1. Apply online.
  2. Check your inbox for your approval status.
  3. Speak with your lender about your rate of interest and terms.
  4. Sign your agreement.
  5. Go select your vehicle from a nearby dealer.

Sound simple? That’s because it is!

Auto Loans for Bad Credit

Subprime credit? Not to worry. We enable you to apply online and get pre-approved for financing, even if your credit history is less than perfect. There’s no minimum FICO score involved, and we can help borrowers in each of the lower credit tiers.

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

If you have subprime credit, you’ll typically be matched with a bad credit car dealer or subprime auto finance company. Both of these types of companies will submit payment information to the credit bureaus. This is imperative if you want to improve your credit.

Apply now!

How Much Will I Owe at Signing?

We do work with lenders who offer auto loans with zero down payment, even for people with credit problems. Having said that, a down payment affords you substantial advantages:

  • Shortens loan, meaning you pay less in interest.
  • Lessens monthly payment.
  • Decreases negative equity.

Still, you no longer need a down payment to submit an application. Apply online, and enter a zero in the down payment field. We will connect you with a lender who can finance your purchase, no down payment necessary.

How About Buy Here Pay Here Financing?

This sort of financing is also known as:

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

Customers who cannot get approved for financing due to seriously bad credit often find themselves at these types of dealerships. Everything is paid to the dealer, sometimes weekly, and the vehicles they sell typically cost less than $10,000.

Stone Mountain-Specific Income, Credit Statistics

Banks, dealers, and auto finance companies are worried about more than just your credit score. Lenders evaluate your income, stability, and history of credit.

Below are some average stats for residents of Stone Mountain.

  • Average Income: $41,453 Per Year
  • Average Car Payment: $380 (11% of Income)
  • Recommended Car Payment: $276 to $345 (8%-10% of Income)

Have you ever wondered about the credit scores of your neighbors? We’ve calculated how many Stone Mountain residents are in each range of FICO scores.

FICO Score % of Population Residents
300-499 2% 2,352
500-549 5% 5,881
550-599 8% 9,410
600-649 12% 14,115
650-699 15% 17,644
700-749 18% 21,172
750-799 27% 31,758
800-850 13% 15,291

Ready to get approved? Click here to apply online.