Auto Loans in Arlington (MA)

Need a car loan as soon as possible? We can help. More and more lenders and dealers now have whole departments specializing in online approvals, and we can help you put together your loan without leaving your computer. The application itself takes less than three minutes to submit, and there’s no obligation to accept the offer you’re given.

Bad Credit Car Dealerships in Arlington

FICO score of 640 or less? That’s typically deemed subprime or bad credit, but our system is ideally-suited to applicants with less-than-perfect credit. There isn’t a minimum FICO score to worry about, and we can help borrowers in each of the subprime credit tiers.

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

It is true that bad credit scores result in increased interest rates, so it’s crucial that you choose an economical vehicle with easily-affordable monthly payments. If you have below-average credit, you’ll probably be approved by a bad credit car dealer or auto finance company. These companies submit payment information to the credit reporting agencies. This is crucial to rebuilding your credit. Applying is easy, fast, and there are no obligations. Go here to apply online, and we’ll get to work finding you a bad credit auto loan in Arlington that meets you needs.

Estimating how much you can borrow is pretty easy. All you need to do is multiply your monthly income by the income factor associated with the state of your credit. We’ve included such an estimation, based on Arlington’s average per capita income: $3,597.

Credit Rating Income Factor Loan
Excellent Credit 10 $35,970
Average Credit 9 $32,373
Subprime Credit 8 $28,776
Poor Credit 7 $25,179
Horrible Credit 6 $25,179

Simply because it’s possible to borrow a particular amount, doesn’t mean you should. A smaller loan is advisable, because it will translate into less financial pressure.

Good credit? Then you probably won’t have to offer up a down payment. Buyers with below-average credit, on the other hand, may not have it that easy. That’s because financing consumers with problematic credit is a much riskier process, and a down payment means that some percentage of the vehicle’s value is not at stake. The good news is, as the auto market recovers, more and more lenders and dealers will be offering car loans with zero down.

We get consumers into a new car each and every day, even with credit and down payment issues. Apply now!

In House Financing Car Lots in Arlington

Perhaps you’ve wondered about dealerships in Arlington promoting buy here pay here sales? Dealers like these work with people that have been turned down by conventional financial institutions. Sure, the annual percentage rates are higher than average, but there are few obstacles to approval.

Lamentably, most of these car lots aren’t able to help buyers rebuild their credit. In most cases, it is advisable to apply online, so we can find you a car loan in Arlington that can help improve your credit.

Arlington Consumer Profile

Listed below are average stats for residents of Arlington.

  • Gross Earnings: $3,597 Monthly
  • Average Car Payment: $396 (11% of Income)
  • Suggested Car Payment: $288 to $360 (8%-10% of Income)

Consumer Credit in Arlington

Curious about the credit ratings of your community as a whole? We have estimated how many Arlington consumers fall into each credit tier.

FICO Score % of Population Residents
300-499 2% 847
500-549 5% 2,118
550-599 8% 3,389
600-649 12% 5,083
650-699 15% 6,354
700-749 18% 7,625
750-799 27% 11,438
800-850 13% 5,507