Auto Loans in Pleasant Prairie (WI)

From FICO ratings to down payments, financing a car can be a stressful process, but we’re here to guide you every step of the way. Every bank, dealer, or finance company has their own approval standards, so it’s important to find one that matches your needs. When you apply online, we will match you to a lender based on where you live, your income, your down payment, and other factors.

What if I Have Bad Credit?

Our services are uniquely-suited to applicants with credit problems. We have dealers and lenders who accept subprime credit, and they are ready and willing to approve you for financing. Many finance companies do require borrowers with poor credit to have an income of at least $1500 monthly, but most of our clients get approved nearly instantly. Let us find a dealer in Pleasant Prairie who can work with your credit – and since we’re compensated by the dealers themselves, it’s free!

Financing a Car with No Down Payment

Do you have a credit score of 700 or higher? If so, you might not need to stress about a down payment. Of course, it’s somewhat harder for applicants with low credit scores. When dealing with subprime credit, lenders are worried about the Loan-to-Value Ratio (LTV). This is the loan amount in relation to the wholesale value of the vehicle.

Amount Borrowed Vehicle Value Loan-to-Value
$12,000 $15,000 80%
$17,500 $22,000 79%
$20,000 $25,000 80%
$20,000 $30,000 67%

The lenders who deal with people with credit problems generally favor lower LTV’s, because these offer less risk. Don’t have a down payment? Don’t worry. We get many applicants approved for financing anyway.

Apply online, and enter a zero in the down payment field. We’ll match you with a lender willing to finance your purchase, no down payment necessary.

How About Buy Here Pay Here Financing?

Buy here pay here financing is also known as:

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

These dealers finance consumers whose credit has been rejected by traditional lenders. They work with people with problems like open bankruptcy or repossession on their record.

Pleasant Prairie Consumer Profile

Contrary to popular belief, there is more to auto financing than just your credit score. Lenders review your ability to pay (income), history of employment and residence, and credit history.

Listed below are some average stats for Pleasant Prairie residents.

  • Pre-Tax Income: $53,666 Annually
  • Average Car Payment: $492 (11% of Income)
  • Recommended Car Payment: $358 to $447 (8%-10% of Income)

Bad credit. It’s pretty pervasive in Pleasant Prairie and across Wisconsin. The table below shows the estimated number of Pleasant Prairie residents at each credit tier.

FICO Score % of Population Residents
300-499 2% 1,281
500-549 5% 3,204
550-599 8% 5,126
600-649 12% 7,689
650-699 15% 9,611
700-749 18% 11,533
750-799 27% 17,299
800-850 13% 8,329