Auto Loans in La Crosse (WI)

Here at Wisconsin Auto Finance, we arrange car loans for people of all credit levels and budgets. We work with dealers and lenders in La Crosse and across Wisconsin who want to get you in the driver’s seat of a new vehicle – today! The actual application is easy to understand, and it asks less information than other services.

Auto Loans for Bad Credit in La Crosse

Our application process is uniquely-suited to applicants with problematic credit. There are six main credit tiers in the auto finance industry, and we work with companies that support each of them. As you know, poor credit scores mean higher interest rates, but that’s to be expected. Let us find you a lender or dealer in La Crosse that finances bad credit – today!

No Down Payment Deals?

Have a credit score of 700 or better? Then you probably won’t need to offer up a down payment. Buyers with subprime credit, on the other hand, may need to furnish a down payment. Obviously, lending to customers with subprime credit is a much riskier process, and a down payment helps to ensure that at least a percentage of the vehicle has been paid for in advance. Don’t have a down payment? Don’t worry. We get many clients financed with no down payment.

We get people into a new car everyday, even with credit and down payment issues.

What About Buy Here Pay Here Financing?

This type of financing is sometimes referred to as:

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

Shoppers who have been unable to get approved for financing due to major credit problems like bankruptcy often find themselves at these types of dealerships. They specialize in helping people with issues like open bankruptcy or repossession on their record.

Credit and Income: La Crosse

Your FICO score is just part of the equation. Lenders look at your income, history of employment and residence, and credit profile.

Here are some average statistics for La Crosse residents.

  • Average Income: $1,849 Per Month
  • Average Car Payment: $203 (11% of Income)
  • Recommended Car Payment: $148 to $185 (8%-10% of Income)

Bad credit is quite common in La Crosse and across the state of Wisconsin. This chart depicts the estimated number of La Crosse residents at each credit tier.

FICO Score % of Population Residents
300-499 2% 1,271
500-549 5% 3,177
550-599 8% 5,082
600-649 12% 7,624
650-699 15% 9,530
700-749 18% 11,435
750-799 27% 17,153
800-850 13% 8,259

According to these estimations, more than 25% of La Crosse residents have a credit score lower than 649, typically regarded as subprime. If your credit puts you in one of the lower groupings, don’t worry. We have lenders who support each of these credit tiers.