Bad Credit Auto Loans in Adrian (MI)

At Wolverine Auto Finance, we get our customers approved for financing with no fees, hassles, or obligations. We work with lenders and dealers in Adrian who want to get you behind the wheel of a new vehicle – today! Apply online, and we will match you with a lending company given your location, finances, credit profile, and more.

Car Loans with Bad Credit in Adrian

Less-than-perfect credit is not a problem. If you simply went from one dealer to another, submitting applications, you might experience a few denials in the process. However, at Wolverine Auto Finance, you can apply online, and we’ll find a lender who can fund your loan, even if you’ve had credit problems over the years. Considering your credit, your interest rate might be higher, so it’s important to opt for a budget friendly car or truck with affordable payments. You’ll probably have your application placed with a bad credit dealership or subprime auto lender. These companies report to the credit reporting agencies, which is a prerequisite for rebuilding your credit. Applying is easy, fast, and there are no obligations. Go here to submit your secure application.

Needless to say, the amount you borrow largely dictates what type of vehicle you can buy, so it’s always top of mind for those going through the application process. The following chart shows the maximum loan amount for people of several different credit ratings, based on the average monthly income in Adrian, $3,494. Remember, these are only estimations.

Credit Income Factor Loan Amount
Great Credit 10 $34,940
Average Credit 9 $31,446
Temporary Bad Credit 8 $27,952
Bad Credit 7 $24,458
Horrible Credit 6 $24,458

Of course, these are only estimations. For a detailed quote, you must submit your application.

Excellent credit? If so, you probably won’t have to offer up a down payment. Purchasers with problematic credit, on the other hand, seldom have it so easy. That’s because lending to customers with less-than-perfect credit is a much riskier process, and a down payment makes sure that some percentage of the vehicle has already been paid for in advance. With that being said, we have lenders that provide auto loans for people with no down payment.

Apply online. We’ll do our very best to connect you with a lender or dealer who can finance your purchase, zero down payment required.

In House Financing Car Dealers in Adrian

If you have serious credit problems, then you probably are familiar with buy here pay here car lots. Customers who have been unable to secure a loan due to serious credit problems often find themselves at these types of dealerships. The annual percentage rates are especially high, but they typically offer guaranteed credit acceptance.

Credit and Income: Adrian

Credit scores are only part of the picture. Creditors review your ability to pay (income), employment history, and individual credit history.

The following are average stats for residents of Adrian.

  • Gross Earnings: $41,924 Annually
  • Average Monthly Payment: $384 (11% of Income)
  • Suggested Monthly Payment: $280 to $349 (8%-10% of Income)

Curious about the credit scores of your community as a whole? We’ve calculated how many Adrian consumers fall into each range of FICO scores.

FICO Score % of Population Residents
300-499 2% 822
500-549 5% 2,055
550-599 8% 3,288
600-649 12% 4,932
650-699 15% 6,165
700-749 18% 7,397
750-799 27% 11,096
800-850 13% 5,343

Your FICO score will primarily determine your interest rate, but as long as you have the income, we can typically find someone to finance you, even if you have a bad credit score.