Auto Loans in Hales Corners (WI)

If you want to secure financing for a new or used vehicle, we’d be happy to help. The benefits of our system are myriad:

  • Extensive Network of Lenders
  • Easy Online Application
  • No Fees, Zero Commitments
  • Zero Down Payment Needed
  • All Credit Tiers Accepted
  • Same Day Financing for Qualified Applicants
  • Application Status Tracked Online

Simply apply online, and we’ll work to get you approved from a dealer or lender that suits your needs.

Financing a Car with Bad Credit

Below-average credit? No problem. We enable you to apply online and get pre-approved for financing, even if your history of credit is sub-standard. If you go from bank to bank, completing applications, you may experience several rejections. We offer a much better alternative, in that you can apply just once, and we’ll find a lender in Hales Corners who is ready and willing to approve your credit, even if you’ve had credit problems in recent years. Considering your credit, your interest rate might be higher, so it’s important to opt for an economical vehicle with easily-affordable monthly payments. And, keep in mind, repaying a car loan can increase your credit scores. So let us find you a lender or dealer in Hales Corners that approves loans for people with bad credit – today!

No Down Payment?

Have a credit score of 700 or higher? If so, you might not need to bother with a down payment. Customers with credit problems, on the other hand, may need to offer up a down payment. That’s because lenders are worried about the Loan-to-Value Ratio (LTV). This is the amount borrowed versus the wholesale value of the vehicle.

Loan Amount Vehicle Value Loan-to-Value
$7500 $10,000 75%
$12,000 $15,000 80%
$15,000 $17,500 86%
$17,500 $22,000 79%
$20,000 $25,000 80%

Dealers that finance bad credit in Hales Corners and across Wisconsin try to keep the LTV relatively low, typically staying in the range of around 70%. The good thing is that, as the economy improves, more dealers and lenders should be able to offer car loans with no down payment.

Apply online, and enter a zero in the down payment section. We will connect you with a lender who can fund your loan, no down payment necessary.

Hales Corners Buy Here Pay Here Financing

In House financing is also known as:

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

These dealers approve car loans directly, instead of working with banks or lenders. Of course, the annual percentage rates are higher, but there aren’t many obstacles to credit acceptance.

Hales Corners Consumer Profile

Your FICO score is only part of the equation. Lenders review the following:

  • Debt to Income Ratio
  • Stability
  • History of Debt Repayment

Listed below are average statistics for Hales Corners residents.

  • Gross Income: $4,953 Per Month
  • Average Car Payment: $545 (11% of Income)
  • Ideal Car Payment: $396 to $495 (8%-10% of Income)

If you have a bad credit score, you’re not the only one. This table depicts the estimated number of Hales Corners residents at each credit level.

FICO Score % of Population Residents
300-499 2% 738
500-549 5% 1,845
550-599 8% 2,952
600-649 12% 4,428
650-699 15% 5,536
700-749 18% 6,643
750-799 27% 9,964
800-850 13% 4,798