Auto Loans in Jackson (TN)

Why waste your time driving from one lender to another, trying to get the loan you need? No matter credit, we can get you the loan you need a lot sooner, with fewer headaches along the way. We have an extensive network of dealers and lenders who can approve you for a car loan – online! This is how the process works:


  1. Apply online.
  2. Check your inbox for your approval status.
  3. Consult your lender about APR and terms.
  4. Finish any remaining paperwork.
  5. Go purchase your vehicle from a dealer in the area.

Both new and used car loans are available, and 100% financing may be available for those applicants who qualify based on their credit. We do not charge an application fee.

Apply Online!

Down Payment: Do I Need One?

No down payment? More often than not, this won’t be a dealer-breaker. However, supplying a down payment is a good idea for a number of reasons: it reduces your payment per month, interest paid, and problems with negative equity. Your ideal down payment would be 20% for a new vehicle, and 10% for a pre-owned one. That said, most of our lenders and dealers understand that down payments are especially difficult these days. Apply online, and indicate zero down payment in the appropriate section. We’ll place your application with a lender who can finance your purchase, no down payment required.

Subprime Credit Tiers and Financing

Bad credit is a big problem in West Tennessee, and Jackson isn’t immune to the issue. In fact, more than 1 in 4 residents is thought to have a credit score of 620 or below, generally classified as “bad credit.” Fortunately, our services are uniquely-suited to applicants with problematic credit. There isn’t a minimum FICO score involved, and we can help applicants in each of the subprime credit tiers.

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

Proof of income and a down payment are often considered a requirement. You’ll typically be approved by a bad credit dealership or auto finance company. Companies like these will submit payment information to the credit reporting agencies, which is great if you want to rebuild your credit. One thing you will want to avoid is the no credit check car lot. More on that below.

What About In-House Financing in Jackson, TN?

This sort of “no credit check” financing is often referred to as:

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

These dealers make credit decisions on site, instead of outsourcing this to banks or finance companies. Unfortunately, given their way of doing business, they’re able to operate outside the regulatory structure that keeps most traditional auto lenders in line. As such, these “buy here pay here” lots have become nothing short of notorious for scams, dishonesty, and general consumer predation. It’s best to avoid them altogether. No matter your credit, we can often get you approved for a bad credit car loan in Jackson at a fair-market rate, without having to worry so much about becoming the victim of fraud or aggressive sales tactics.

Jackson Consumer Profile

Banks, dealers, and auto finance companies are worried about more than just your FICO score. Creditors look at the following:

  • Debt to Income Ratio
  • Employment History
  • History of Credit

Below are some average stats for Jackson residents.

  • Pre-Tax Income: $12,281 Per Year
  • Average Car Payment: $113 (11% of Income)
  • Suggested Car Payment: $82 to $102 (8%-10% of Income)

Bad credit. It’s fairly pervasive these days in Jackson and across Tennessee. This table depicts the estimated number of Jackson residents at each credit level.

FICO Score % of Population Residents
300-499 2% 1,617
500-549 5% 4,042
550-599 8% 6,467
600-649 12% 9,701
650-699 15% 12,126
700-749 18% 14,551
750-799 27% 21,826
800-850 13% 10,509

If you fall into one of the lower ranges, fear not. We have lenders who serve each of these credit tiers.