Auto Loans in Green Bay (WI)

We understand that getting approved for a car loan in Green Bay – or anywhere in Wisconsin – can be a real headache, and we’re here to help. Our system is fast, secure, and effective. Borrowers who meet the minimum criteria have a 90% chance of being approved. When you apply online, your loan application will enter our placement platform. There we’ll match you to a lender based on where you live, your income, your down payment, and other factors.  Before you know it, you could be on your way to a Packers game in your new ride!

Bad Credit, Big Problem?

Less-than-perfect credit? Not to worry. It’s now that that somewhere in the neighborhood of 30,000 Green Bay residents have credit scores of 600 or lower – that’s a lot of Packers! Every single one of them would need a bad credit car loan. So you’re definitely not alone if your credit score is a bit tarnished.

We help people with bad credit find a loan on a daily basis. If you simply go from bank to bank, completing your application, you’ll probably get turned down a few times. We offer a better solution, in that you can apply from the privacy of your home or office, and we’ll find a lender willing to approve your credit, even if you’ve had credit problems in recent years. Most loan companies do require borrowers with poor credit to provide a down payment, but most of our clients are approved right away. Let us find a bad credit car dealer in Green Bay who’s willing to accept your credit – today!

How Much Will Be Due at Signing?

Zero down auto loans are easily obtainable for Green Bay residents with credit scores of 720 and higher. Of course, that’s only a small segment of the population. Things become a little more difficult for people with below-average credit. That is because such loans represent more risk for the lender. Failure to pay is much more likely, and a down payment ensures that some percentage of the vehicle’s value is not at stake.

However, remember that cash is not the only form of down payment. Trade equity is actually the most common form of payment. You trade in a pre-existing vehicle, and the dealer gives you a trade allowance to use toward your next purchase. Alternatively, you can usually come out a few hundred dollars ahead if you sell your vehicle yourself, to an individual via classified ads. After all, dealers pay wholesale for trade-ins, not retail.

Green Bay Buy Here Pay Here Dealers

Green Bay Buy Here Pay HereHave you noticed how many of these have been popping up in certain parts of town? They have really thrived in the down economy, because so many individuals experienced severe credit problems during the recession. These dealers approve car loans directly, instead of outsourcing this to banks or finance companies. This gives them more freedom in terms of who they approve. Payments are made to the dealership, often at the lot, and the cars and trucks for sale are usually $10,000 or less. However, they charge the steepest interest rates in the industry, because they work with everyone, regardless of credit. They also have high down payment requirements.

If you were considering an in-house financing car lot in Green Bay, we encourage you to utilize our service. We can often get you approved, even with a sub-600 credit score, by a dealer who will offer a reasonable rate considering your credit, and also help you improve your score.

Green Bay Consumer Profile

The Wisconsin economy is well-anchored by large employers such as Humana, truckload carrier Schneider National, and even the Green Bay Packers football team. This has helped the city’s economy fair relatively well during the economic downturn. This is important when it comes to automotive financing, as there is much more to the approval process than just your FICO score. Lenders evaluate your ability to pay (income), history of employment and residence, and debt repayment history. Listed below are average stats for residents of Green Bay.

  • Gross Income: $2,450 Monthly
  • Average Car Payment: $270 (11% of Income)
  • Recommended Car Payment: $196 to $245 (8%-10% of Income)

If you have bad credit, you’re not alone. This chart shows how many people in Green Bay are in each credit level.

FICO Score % of Population Residents
300-499 2% 4,222
500-549 5% 10,556
550-599 8% 16,889
600-649 12% 25,333
650-699 15% 31,667
700-749 18% 38,000
750-799 27% 57,000
800-850 13% 27,444

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