Auto Loans in Johnson City (TN)

Here at Tennessee Auto Finance, we find you the financing you need at a rate you can afford. The advantages of our system are significant:

  • Vast Lender Network
  • Stress-Free Application
  • No Fees, No Obligations
  • No Down Payment Needed
  • All Credit Tiers Accepted
  • Instant Approvals for Qualified Applicants
  • Application Status Tracked Online

This is how the process works:

  1. Take a minute to complete your online application.
  2. Check your inbox for your approval status.
  3. If approved, speak with your dealer or lender to complete your paperwork.
  4. Go select your vehicle.

With extensive industry relationships and cutting-edge technologies, we put you in the driver’s seat faster than our competitors.  It’s hard to conceive of a better way to get an auto loan in Johnson City and East Tennessee.

Bad Credit Car Loans in Johnson City

Below-average credit is rarely an issue. There are six primary credit tiers in the auto finance industry, and we work with lenders that support each of them. We can find you a bad credit car dealership in Johnson City who’s willing to approve you for a loan – today! Apply Now!

Financing a Car with No Money Down

auto loan Johnson CityDo you have a credit score of 700 or better? Then you might not need to stress about a down payment. If you have a bad credit score, however, your dealer may require you to offer a down payment. The reason is simple: consumers with bad credit are much more of a risk for the lending company. Default is much more likely, and a down payment ensures that some percentage of the vehicle’s value is not in jeopardy. Don’t have a down payment? Don’t worry. We get many applicants approved for financing, despite their lack of down payment. We get people into a new car all the time, despite issues with their credit and down payment. Apply online for financing, and we’ll start the approval process.

Buy Here Pay Here Financing in Johnson City?

Buy here pay here financing is also referred to as:

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

These dealers approve car loans directly, rather than working with banks or finance companies. Of course, the annual percentage rates are high, but there aren’t many hurdles to getting approved.

Credit and Income: Johnson City

Your FICO score is only part of the picture. Loan companies look at your ability to pay (income), history of employment and residence, and history of repayment.

Listed here are average stats for residents of Johnson City.

  • Gross Income: $20,713 Annually
  • Average Car Payment: $190 (11% of Income)
  • Suggested Car Payment: $138 to $173 (8%-10% of Income)

Next we have broken down Johnson City’s population by credit rating. These estimations should give you a sense of where you stand in relation to other consumers in your area.

FICO Score % of Population Residents
300-499 2% 1,667
500-549 5% 4,168
550-599 8% 6,669
600-649 12% 10,003
650-699 15% 12,504
700-749 18% 15,004
750-799 27% 22,506
800-850 13% 10,836

No matter where you find yourself in this table, we’re here to help. We work with consumers of all credit scores and income brackets. That’s our primary goal.