Auto Loans in Menomonee Falls (WI)

You need to get approved for financing, and we’re here to help. The benefits of our system are significant:

  • Vast Network of Lenders
  • Stress-Free Application
  • No Fees, Zero Commitments
  • Zero Down Payment Required
  • Good or Bad Credit Approved
  • 1-Hour Approval for Qualified Applicants
  • Personal Login for Checking Application Status

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

What if I Have Subprime Credit?

Poor credit? Not to worry. We help people with bad credit get financed all the time. There is no minimum FICO score for applying, and we can help consumers at each of the lower credit tiers.

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

A down payment and proof of income will often be expected, but most of our clients receive their approval within minutes. If you have less-than-perfect credit, you’ll typically have your application placed with a dealer or lender in Menomonee Falls that specializes in subprime credit. These companies report to the credit agencies. This is a prerequisite for restoring your credit.

Menomonee Falls Auto Loans, No Money Down?

No down payment? In many instances, this isn’t a dealer-breaker. However, supplying a down payment is recommended for a number of reasons: it decreases your payment amount, interest, and risk of negative equity. An ideal down payment is 20% for a new vehicle, and 10% for a pre-owned one.

That being said, we realize that down payments are harder to come by in this economy. Apply online, and enter a zero in the down payment section. We will place your application with a lender willing to finance your purchase, no down payment needed.

How About Buy Here Pay Here Financing?

This sort of financing is also referred to as:

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

Consumers who have been unable to secure financing due to serious credit problems often resort to these types of dealerships. Payments are made to the dealer, sometimes weekly, and the cars and trucks for sale are normally $10,000 or less.

Credit and Income: Menomonee Falls

Banks, dealers, and auto finance companies are concerned with more than just your credit score. Lenders consider your income, stability, and credit history.

Here are some average statistics for residents of Menomonee Falls.

  • Pre-Tax Income: $2,416 Per Month
  • Average Car Payment: $266 (11% of Income)
  • Ideal Car Payment: $193 to $242 (8%-10% of Income)

Poor credit is quite common these days in Menomonee Falls and across Wisconsin. The chart below shows the estimated number of Menomonee Falls residents at each credit level.

FICO Score % of Population Residents
300-499 2% 648
500-549 5% 1,620
550-599 8% 2,592
600-649 12% 3,888
650-699 15% 4,860
700-749 18% 5,832
750-799 27% 8,748
800-850 13% 4,212