Auto Loans in Stevens Point (WI)

How would you like to get approved for financing before you ever set foot on the dealership? We can help. The advantages of our platform are numerous:

  • Comprehensive Lender Network
  • Stress-Free Application Process
  • No Fees, No Commitments
  • Zero Down Payment Needed
  • Good or Bad Credit Approved
  • Same Day Financing for Qualified Applicants
  • Application Status Tracked Online

When you apply online, your online application will enter our placement system. There we’ll find you a lender based on where you live, your income, your down payment, and other factors.

Stevens Point Car Loans for Bad Credit

Have you got a FICO score of 620 or less? Not to worry. A bad credit score is rarely a problem. There are several main credit tiers in the auto finance industry, and we work with dealers and lenders that accept applicants in each of them. A down payment, as well as income verification may be expected, but most of our clients get approved nearly instantly. Let us find you a dealership in Stevens Point that approves loans for people with subprime credit. Our service is easy, fast, and there are no obligations. Simply submit your online credit application.

Stevens Point Car Loans, No Down Payment?

We do have lenders in our network who offer car loans with no down payment, even for people with credit problems. However, providing a down payment is recommended because it minimizes your payment per month, interest paid, and risk of being upside down. Here are the suggested down payments for new and pre-owned vehicles.

  • Pre-Owned Vehicle: 10%
  • New Vehicle: 20%

That said, today’s lenders and dealers realize that down payments are especially difficult these days. Apply online, and enter a zero in the down payment field. We’ll place your application with a lender who can finance your purchase, no down payment necessary.

Stevens Point Buy Here Pay Here Car Lots

Buy here pay here financing is commonly known as:

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

These dealers work with people who cannot get approved anywhere else due to credit problems. The rates of interest are always high, but they typically offer guaranteed approval.

Stevens Point Consumer Profile

Lenders are interested in more than just your FICO rating. Lenders look at the following:

  • Debt to Income Ratio
  • Employment History
  • Credit History

Below are some average stats for residents of Stevens Point.

  • Pre-Tax Income: $1,104 Monthly
  • Average Car Payment: $121 (11% of Income)
  • Suggested Car Payment: $88 to $110 (8%-10% of Income)

If you have below-average credit, you’re not the only one. This chart depicts the estimated number of Stevens Point residents at each credit level.

FICO Score % of Population Residents
300-499 2% 747
500-549 5% 1,867
550-599 8% 2,987
600-649 12% 4,480
650-699 15% 5,600
700-749 18% 6,720
750-799 27% 10,080
800-850 13% 4,854