Auto Loans in Appleton (WI)

Hoping to pre-arrange your financing? You’ve come to the right place. We have relationships with lenders and dealers in Appleton who want to get you in the driver’s seat of a new vehicle – right now! When you apply online, your credit application will enter our leading-edge placement platform. There we’ll help match you to a lender based on location, income, credit profile, and other factors. You will work directly with a finance specialist from the dealership that accepts your application to choose a lender, loan term, down payment, and make an appointment to select your vehicle from the lot.

Need a Bad Credit Car Loan in Appleton?

We’ve got you covered. Below-average credit can be a challenge when it comes to financing, but not when you apply through us. We work with many bad credit car dealerships in Appleton and the Fox Cities. There is no minimum FICO score involved, and we help consumers with bad credit all the time, no matter their credit tier.

Credit Tier FICO Range
3/C 581-659
4/D 520-580
5/F 250-519

To be sure, your rate of interest would be lower if you had a FICO score of 700 plus, so it’s important to choose a cost-effective vehicle with low monthly payments. You are best off limited your car payment to just 5-10% of your monthly income, and opting for the shortest financing term possible. This will minimize the risk of both negative equity and default – a credit-killing combination. If you have poor credit, you’ll typically be matched with a lender that does submit payment data to the credit agencies. This is imperative if you want to restore your credit. There are no obligations for using our service, and no hassles. Simply submit your application online. We’ll take care of the rest.

In-House Financing in Appleton

In-financing, colloquially known as “buy here pay here” financing, has risen in popularity in Appleton and surrounding areas. These dealers specialize in helping people who have been turned down by traditional lenders. Because they offer financing directly to consumers, instead of relying on banks and credit unions, they can accept nearly anyone, often with no credit check whatsoever. The annual percentage rates are always steep, and the down payments are significant – often large enough to cover the dealer’s total investment in the vehicle. But, unlike traditional auto lenders, they typically offer guaranteed approval.

Zero Down Car Loans in Appleton

auto loan Appleton WINo down payment? In many instances, this won’t keep you from being approved. However, a down payment is a smart choice for a number of reasons: it decreases your payment, interest paid, and risk of being upside down. Your ideal down payment is 20% for a new vehicle, and 10% for a pre-owned one. Of course, cash isn’t usually required. Most buyers simply trade in their existing car or truck, and use the dealer trade allowance to cover their down payment. The only issue arises when your existing vehicle isn’t fully paid off. Many dealers will allow you to roll the debt into your new loan, but this can result in a tight financial situation in which you owe much more than your vehicle is worth (negative equity). This is to be avoided at all costs.

Appleton-Specific Income, Credit Statistics

There’s more to auto financing than just your FICO score. Creditors consider your income, history of employment and residence, and credit history.  Listed here are average stats for residents of Appleton.

  • Average Income: $34,511 Annually
  • Average Car Payment: $316 (11% of Income)
  • Suggested Car Payment: $230 to $288 (8%-10% of Income)

Next we have broken down Appleton’s population by FICO rating. These are just estimates, but they should give you a sense of where you stand in relation to other consumers in your area.

FICO Score % of Population Residents
300-499 2% 2,143
500-549 5% 5,357
550-599 8% 8,572
600-649 12% 12,857
650-699 15% 16,072
700-749 18% 19,286
750-799 27% 28,929
800-850 13% 13,929

We also assist consumers in nearby Green Bay, as well as all of the Fox Cities.