Why Choose Wolverine Auto Finance?

When you apply through us, you are choosing to work with a business that really cares about your success.

  • 90% Acceptance Rate for Qualified Borrowers
  • Advanced Approval Platform
  • Affordable APR Rates
  • No Application Fees
  • Reasonable Down Payments
  • Affordable Payments
  • Application Data Transferred with 128-Bit Encryption
  • Lenders Report Payments to Credit Reporting Agencies

Since our lenders do report to the credit agencies, loans arranged through us can improve your credit score – as long as you make your payments on time, of course.

Why Arrange Your Financing In Advance?

More and more Michigan car shoppers are choosing to pre-arrange their financing. It lends you considerably more negotiating leverage with the dealer, because you’re already approved. It also decreases the time you’ll spend on paperwork. Simply speaking, it improves the whole experience, getting rid of one of the primary obstacles to buying a new car.

Michigan Auto Finance Rates

Your rate of interest could cost you hundreds, if not thousands of dollars. So getting the best rate possible is crucial. It is nearly impossible to estimate your what your actual rate will until you’ve submitted an application. But we have provided the following averages based on the experiences of our clients.

FICO Used Vehicle APR New Vehicle APR
720-850 4.0% 3.75%
690-719 6.0% 5.0%
660-689 8.5% 6.5%

Michigan Down Payment Amounts

In Michigan, most lenders want to see a down payment of 20% for a new vehicle and 10% for a used vehicle. This may seem like a serious bundle of cash, but keep in mind that your trade-in vehicle can often be converted to equity which you can put toward your down payment. This is how a lot of people come up with the funds necessary to appease their lender.

Your Information is Protected

Safeguarding your privacy is one of our primary concerns. Your application will be processed via 128-bit SSL secure encryption, and we have implemented an array of measures against unauthorized access to your information. Our team members only have limited access to sensitive data, and we value your privacy when it comes to email marketing and other promotions.