Auto Loans in Kingsport (TN)

Need an auto loan in Kingsport? We can help. Our loan-finding system takes the headache out of getting approved. Apply online, and your finance application will enter our placement system. There we’ll match you to a dealer based on where you live, your income, your down payment, and other factors. A finance specialist will guide you through the process, giving you options as far as term length, vehicle selection, down payment, and more. Truly, there’s no better way to secure financing in the Tri-Cities area of Kingsport and Bristol. There is no application fee, and you will be under no obligation to accept what you’re offered.

How Much Will I Owe at Signing?

We can help you find dealers who fund loans for people who don’t have a down payment. That said, a down payment affords you considerable advantages:

  • Reduces the length of the loan, meaning you pay less in interest.
  • Lessens monthly repayment.
  • Protects against negative equity.

That said, you no longer need a down payment to apply. We get people financed all the time, even with credit and down payment issues. Apply now!

Bad Credit Car Loans in Kingsport

Residents of Kingsport and northeast Tennessee have always struggled with credit problems, but the housing crisis and economic downturn only exacerbated the issue. Fortunately, Special Finance, which refers to financing for people with credit issues, is a major part of our business. There are three important considerations to keep in mind:

  • Income:  in order to qualify, you will need an annual income of $18,000
  • Down Payment:  10% or more of the vehicle’s purchase price may be due at signing.
  • Interest Rate:  as of the time of this writing, rates for subprime borrowers are ranging from 6.5-21% APR.

In order to maintain a healthy budget, set aside no more than 10% of your monthly income for your loan payment. Any more than this, and the risk of default goes up drastically.  Ready to get started? We can find you a dealer in Kingsport who’s willing to work with your credit – today! Apply Online!

Kingsport Buy Here Pay Here Financing

Buy here pay here financing, in which the dealer serves a direct lender, is sometimes referred to as:

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

These dealers finance people who have been turned down by traditional lenders. They do not check your credit and accepted pretty much anyone, but they make you pay for the privilege with exorbitant interest rates and down payments. For this reason, you generally better off buying your vehicle through a bad credit car dealership in Kingsport, such as the ones with which we can place your application.

Credit and Income: Kingsport

Your FICO score is just part of the picture. Loan companies consider your income, history of employment and residence, and individual credit history.

Below are some average statistics for Kingsport residents.

  • Average Income: $1,919 Monthly
  • Average Car Payment: $211 (11% of Income)
  • Recommended Car Payment: $154 to $192 (8%-10% of Income)

Poor credit is pretty common in Kingsport and across the state of Tennessee. This table depicts the estimated number of Kingsport residents at each credit level.

FICO Score % of Population Residents
300-499 2% 1,710
500-549 5% 4,276
550-599 8% 6,841
600-649 12% 10,262
650-699 15% 12,827
700-749 18% 15,393
750-799 27% 23,089
800-850 13% 11,117