Bad Credit Auto Loans in Woodbridge (VA)

Income, credit, down payment – getting a car financed can be a confusing process, but we’re here to guide you each step of the way. Applying through us is fast, secure, and effective. Users with sufficient income have a 90% chance of approval. Here is how the process works:

  1. Apply online.
  2. Log in to your new account to keep track of your approval status.
  3. If Next, work with your finance specialist to finalize your paperwork.
  4. Lastly, buy your vehicle from a dealer in the area.

Today, you can become one of the many Woodbridge residents who’ve followed this system to get the car they want! Apply Now!

Our application process is uniquely-suited to people with problematic credit. There is no minimum FICO score for applying, 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

A down payment and monthly income of $1500 per month will often be considered necessary. Fortunately, of our clients are approved right away. Don’t delay. Let us find you a lender or dealership that finances bad credit. Apply Online!

How Much Am I Eligible to Borrow?

Variables like credit and income have an effect on the amount you’ll be able to borrow. Below, we’ve listed loan amounts for people of several different credit tiers, given an income of $3,178 monthly, the average in Woodbridge. Don’t forget, these are only estimations.

Credit History Income Factor Amount
Good Credit 10 $31,780
Decent Credit 9 $28,602
Temporary Bad Credit 8 $25,424
Poor Credit 7 $22,246
Terrible Credit 6 $22,246

Just because it’s possible to borrow this amount, doesn’t mean you ought to. A smaller loan is a good idea, because it will put less stress on you financially.

No Down Payment?

Credit rating of 700 or higher? Then you probably won’t have to stress about a down payment. Of course, it’s a little trickier for consumers with less-than-perfect credit. That’s because such loans represent a greater risk to the loan company. Failure to pay is more of an issue, and a down payment makes sure that some percentage of the loan has been secured. The good thing is, as the auto sector rebounds, more dealers and lenders should be able to approve auto loans in Woodbridge with zero down.

Submit your application, and indicate that you won’t be putting any money down. We will strive to match you with a dealer or lender who can provide you with a loan, zero down payment needed.

Woodbridge Buy Here Pay Here Dealers

This type of financing is sometimes known as:

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

Customers who cannot secure a loan due to seriously bad credit often find themselves at dealerships like these. Payments are made to the dealer directly, and the vehicles they sell are normally $10,000 or less.

Woodbridge Consumer Profile

Though important, your credit rating is only part of the equation. Lenders check your ability to pay (income), stability, and individual credit history.

Here are average statistics for residents of Woodbridge.

  • Average Income: $3,178 Per Month
  • Average Car Payment: $350 (11% of Income)
  • Ideal Car Payment: $254 to $318 (8%-10% of Income)

Ever wondered about the credit scores of your neighbors? We have estimated how many Woodbridge residents are in each range of FICO scores.

FICO Score % of Population Residents
300-499 2% 3,022
500-549 5% 7,555
550-599 8% 12,089
600-649 12% 18,133
650-699 15% 22,666
700-749 18% 27,199
750-799 27% 40,799
800-850 13% 19,644

Why not submit an application for your Woodbridge auto loan? Go here to apply online.