Bad Credit Auto Loans in Brighton (MI)

You need to get approved for financing, and we can help. The advantages of our service are myriad:

  • Apply one time, and put your application in front of multiple dealers
  • Instant placement for most applicants
  • Subprime, zero credit not usually a concern

Simply apply online, and we’ll begin working to get you the car loan you need.

For those who have subprime credit, you’ve come to the right place, because bad credit financing is one of our areas of expertise. We have lenders who help people with credit scores of 620 and less, and they want to grant you the loan you need. Many finance companies require individuals with bad credit to earn a minimum of $1500 monthly, but most people who apply through us are approved right away. Let us find you a lender or dealership who approves loans for people with subprime credit.

How Much Do I Qualify to Borrow?

Loan creditors determine how much to lend you by looking at your income and credit score. The following chart displays how much applicants of varying credit scores can borrow, based on the average monthly income in Brighton, $6,172. Please bear in mind that these are only estimates.

Credit Income Factor Sum
Great Credit 10 $61,720
Decent Credit 9 $55,548
Slow Credit 8 $49,376
Bad Credit 7 $43,204
Very Bad Credit 6 $43,204

As we stated previously, the numbers above are estimations. For a precise quote, you must submit your application.

Down payments are payments made the day you buy your vehicle. They are frequently required of borrowers with a less than ideal history of debt repayment. That is because loans to such consumers are much more risky for the loan company. Non-payment is more common, and a down payment makes sure that some percentage of the vehicle’s value is not at stake. Don’t have a down payment? We’re able to get many clients financed, even with their lack of down payment.

Our approval platform can probably find you a dealer or lender who wants to get you in the driver’s seat, whether or not you can put money down.

Keep in mind that buy here pay here dealerships consider down payments a requirement. These dealers make credit decisions themselves, instead of outsourcing this to banks or finance companies. They work with people with problems like bankruptcy, foreclosure, or repossession on their records.

Credit and Income: Brighton

Credit scores are just part of the equation. Lenders consider the following:

  • Ability
  • Job Stability
  • Credit History

Listed here are average statistics for residents of Brighton.

  • Average Earnings: $6,172 Per Month
  • Average Car Payment: $679 (11% of Income)
  • Suggested Car Payment: $494 to $617 (8%-10% of Income)

Curious about the credit ratings of your neighbors? We have calculated how many Brighton residents are in each credit tier.

FICO Score % of Population Residents
300-499 2% 879
500-549 5% 2,197
550-599 8% 3,515
600-649 12% 5,273
650-699 15% 6,591
700-749 18% 7,909
750-799 27% 11,864
800-850 13% 5,712

Don’t worry if you’re credit isn’t perfect, we can help virtually any applicant who has an income of $1500 per month or higher, regardless of what their credit score is.