You need to get approved for financing, and we can help. Applying through us is fast, safe, and effective. Applicants who meet the minimum criteria have a 90% chance of approval. Apply online, and we’ll find you a finance company given your location, budget, credit profile, and more.
What About Subprime Credit?
Less-than-perfect credit is not an issue. There are six principal credit tiers in the auto finance industry, and we work with dealers and lenders that support each of them. A down payment, as well as monthly income of $1500 per month is often required, but most of our clients get approved within minutes. Let us find a dealer in Stafford who’s willing to work with your credit – today! There are no obligations when you use our service, and no hassles. Simply submit your application online.
How Much Can I Finance?
The chart that follows shows you various loan amounts, based on a monthly income of $1,960, the average in Stafford. These sums are just approximations. You may be entitled to more or less, depending on other factors. Speak with your vehicle finance specialist for more information.
|Credit||Income Factor||Loan Amount|
|Very Bad Credit||6||$13,720|
Simply because you’re able to borrow this amount, doesn’t mean it’s a good idea. A smaller loan is advisable, because you’ll be able to pay it off faster.
Down payments can be offered in cash or via trade-in, and typically are priced between 5-20% of the vehicle’s price. They are often required of consumers who have a subpar history of debt payment. After all, financing customers with problematic credit is a much riskier proposition, and a down payment ensures that at least a percentage of the vehicle’s value is not at stake. That said, we have dealers who approve auto loans for people with no down payment.
We get consumers into a new car each and every day, even with credit and down payment issues.
Buy Here Pay Here Car Lots in Stafford
If you have a very low credit score, chances are you are familiar with buy here pay here dealers. Dealers like these work with consumers who can’t get approved by a traditional lender. The interest rates are steep, but approval will likely be guaranteed.
Stafford-Specific Income, Credit Statistics
Banks, dealers, and lenders are concerned with more than just your FICO score. Creditors look at the following:
- Debt to Income Ratio
- Source of Income
- Payment History
Here are some average stats for Stafford residents.
- Gross Salary: $1,960 Per Month
- Average Monthly Payment: $216 (11% of Income)
- Recommended Car Payment: $157 to $196 (8%-10% of Income)
Next we have a breakdown of Stafford’s population by credit rating. These estimates should give you an idea of where you stand in relation to other consumers in your community.
|FICO Score||% of Population||Residents|