Bad Credit Auto Loans in Arlington (VA)

If you’d like to secure financing for a new or used vehicle, we’d be happy to help. The advantages of our system are significant:

  • One application, multiple lenders
  • Instant decisions for most loan-seekers
  • Subprime credit seldomly a concern

Simply submit your application, and we’ll begin working to get you approved from a lender or dealer that suits your needs.

Our services are ideal for applicants with weak credit. Many larger lenders and dealers now have complete sales teams specifically for something known as “special financing.” These are commonly called bad credit car dealerships. Of course, we have tons of them in our network. Of course, poor credit scores translate into higher rates of interest, but at least we can get you behind the wheel of a new car. Let us find you a dealer in Arlington who’s willing to work with your credit – and also, since we’re compensated by the dealers directly, it’s free!

Loan creditors work out how much you qualify to borrow based on your income and credit score. Below, we’ve detailed the maximum loan amount for people of various credit scores, based on an income of $1,908 per month, the average in Arlington. Bear in mind, these are only estimates.

Credit Rating Income Factor Loan
Good Credit 10 $19,080
Fair Credit 9 $17,172
Subprime Credit 8 $15,264
Bad Credit 7 $13,356
Very Bad Credit 6 $13,356

To figure out your own loan amount, multiply how much money you earn on a monthly basis by the corresponding income factor.

Zero Down Auto Loans?

We can assist you in finding dealers who fund loans for people in Arlington with no down payment. Having said that, supplying a down payment affords you significant benefits:

  • Reduces the length of the loan, meaning you pay less in interest.
  • Lowers monthly repayment.
  • Minimizes the risks of an underwater loan.

Still, you no longer need a down payment to get pre-approved. We help our clients get approved each and every day, even with no credit or down payment.

Arlington Buy Here Pay Here Dealers

Buy here pay here financing is sometimes referred to as:

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

These dealerships specialize in helping consumers whose credit has been rejected by conventional banking institutions. They approve people with issues like bankruptcy, foreclosure, or repossession within the last 12 months.

Credit and Income: Arlington

Lenders are worried about a lot more than just your FICO score. Lenders evaluate your income, stability, and credit history.

Here are some average stats for Arlington residents.

  • Pre-Tax Income: $1,908 Per Month
  • Average Monthly Payment: $210 (11% of Income)
  • Ideal Monthly Payment: $153 to $191 (8%-10% of Income)

Have you ever wondered about the credit ratings of your community as a whole? We’ve estimated how many Arlington residents fall into each range of FICO scores.

FICO Score % of Population Residents
300-499 2% 3,798
500-549 5% 9,496
550-599 8% 15,193
600-649 12% 22,789
650-699 15% 28,487
700-749 18% 34,184
750-799 27% 51,276
800-850 13% 24,688

Don’t worry if you’re credit isn’t perfect, we can help nearly any consumer who earns $1500 plus on a monthly basis, regardless of their credit score.