Bad Credit Auto Loans in Roseville (MI)

Poor credit? Don’t worry. We help you to find a finance company that suits your needs, even if your history of credit is sub-standard. There is no minimum FICO score for applying, and we can help consumers in all of the lower credit tiers. If your credit score is low, your rate of interest might be higher, but that’s just how the industry works. Don’t waste your time driving from bank to bank, submitting credit applications. We can get you financed faster, with fewer hassles along the way. We have an extensive network of dealers and lenders in Roseville who offer online approvals. This is how the process works:

  1. Apply through our website.
  2. Keep track of your application status through our members’ area.
  3. Have a discussion with your finance specialist about your rate of interest and terms.
  4. Make an appointment to finish any additional paperwork and select your vehicle.

Let us get you approved from a bad credit car dealership in Roseville – today! Go here to submit your online application.

Financing Pre-Approval in Roseville: How Much?

What size loan will you be capable of taking out? That will be determined by your income and credit score. Below, we’ve listed how much consumers of differing credit ratings can finance, based on the average monthly income in Roseville, $3,431. Please be aware that these are only estimations.

Credit Income Factor Amount Borrowed
Excellent Credit 10 $34,310
Average Credit 9 $30,879
Slow Credit 8 $27,448
Poor Credit 7 $24,017
Really Bad Credit 6 $24,017

To work out your own loan amount, multiply your monthly income by the appropriate income factor.

No Money Down Auto Loans in Roseville?

We do work with lenders who offer car loans with no money down, even for people with credit problems. That said, a down payment affords you substantial advantages:

  • Shortens loan, meaning you pay less in interest.
  • Lessens payment amount.
  • Decreases the risks of an upside down loan.

With that being said, modern day lenders and dealers realize that down payments are harder to come by in this economic climate. We help consumers get into a new car all the time, despite issues with their credit and down payment. Get approved today!

Roseville Buy Here Pay Here Dealers

This sort of financing is sometimes referred to as:

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

These dealerships specialize in helping people who have been rejected by traditional finance companies. They specialize in helping people with problems like open bankruptcy, foreclosure, or repossession within the last 12 months.

Credit and Income: Roseville

RosevilleContrary to popular belief, there is more to auto financing than just your FICO score. Loan companies evaluate your income, stability, and debt repayment history.

Below are some average stats for Roseville residents.

  • Average Earnings: $41,171 Annually
  • Average Car Payment: $377 (11% of Income)
  • Ideal Monthly Payment: $274 to $343 (8%-10% of Income)

If you have poor credit, you aren’t alone. This table shows the estimated number of Roseville residents at each credit level.

FICO Score % of Population Residents
300-499 2% 980
500-549 5% 2,449
550-599 8% 3,918
600-649 12% 5,877
650-699 15% 7,346
700-749 18% 8,816
750-799 27% 13,224
800-850 13% 6,367