Auto Loans in Woodstock (GA)

From FICO ratings to down payments, financing a car can be a confusing process, but we’re here to direct you from application to approval. A growing number of dealerships, banks, and other lenders have whole departments committed to online applications, and we can help you arrange your loan right from your computer. Here’s how the process works:

  1. Take a minute to submit your secure application.
  2. Check your inbox for your approval status.
  3. If approved, get in touch with your dealer or lender to finalize your documentation.
  4. Go purchase your vehicle from a dealer in the area.

Sound simple? It really is!

Credit Scores of 620 or Less

Poor credit? No problem. We help people with bad credit find a loan – that’s our specialty. If you simply were to go from bank to bank, completing applications, you might experience at least one or two denials. However, here at Georgia Auto Finance, you can apply just once, and we’ll find a lender who wants to approve you for financing, even if your credit is less than perfect. If you have poor credit, you’ll typically have your application placed with a bad credit car dealer or auto lender. Both of these types of companies submit payment data to the credit agencies. This is great when you need to restore your credit.

Apply now!

Can I Buy a Car with No Down Payment?

Excellent credit? Then you probably won’t have to stress about a down payment. But if your credit is a problem, your dealer may require you to offer a down payment. The reason is simple: financing customers with below-average credit is a much riskier process, and a down payment helps to ensure that some percentage of the vehicle’s value is not at stake. That being said, there are dealers who offer auto loans with no money down.

Simply indicate your down payment amount on your application, and our system will find you a dealer, bank, or lending company who can work with you, even if you don’t have a down payment.

Woodstock Buy Here Pay Here Financing

In House financing is also referred to as:

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

These dealers approve people for financing on the lot, rather than working with banks or lenders. The loan rates are especially high, but approval is often guaranteed.

Woodstock-Specific Credit, Income Numbers

Your FICO score is just part of the picture. Lenders look at your ability to pay (income), history of employment and residence, and credit profile.

Here are some average statistics for residents of Woodstock.

  • Gross Income: $5,672 Monthly
  • Average Car Payment: $624 (11% of Income)
  • Suggested Car Payment: $454 to $567 (8%-10% of Income)

Next we have an overview of Woodstock’s population by FICO score. These are just estimations, but they should give you a sense of where you stand in relation to other consumers in your area.

FICO Score % of Population Residents
300-499 2% 1,393
500-549 5% 3,483
550-599 8% 5,572
600-649 12% 8,358
650-699 15% 10,448
700-749 18% 12,538
750-799 27% 18,806
800-850 13% 9,055

Ready to get started? Click here to apply online.