Auto Loans in Piperton (TN)

At Tennessee Auto Finance, we’re revolutionizing the approval process. Our loan-finding system takes the headache out of getting approved. Simply apply online, and we’ll start working to get you approved from a dealer or lender who suits your needs.

Car Loans for Bad Credit

Subprime credit? Not to worry. We help people with bad credit find a loan every day. We have lenders who help people with credit scores of 620 and lower, and they are ready and willing to fund your loan. You’ll typically have your application placed with a bad credit dealership or auto finance company. Companies like these do report your payments to the credit bureaus, which is a prerequisite for restoring your credit. There are no obligations when you apply through us, and no hassles. Simply submit your application online.

Financing a Car with No Down Payment

Credit score of 700 or better? Then you probably won’t have to offer up a down payment. Customers with credit problems, on the other hand, may need to provide a down payment. When dealing with subprime credit, lenders are interested in the Loan-to-Value Ratio, or LTV. This is the amount borrowed in relation to the wholesale value of the vehicle.

Loan Amount Vehicle Value LTV
$10,000 $15,000 67%
$15,000 $17,500 86%
$17,500 $22,000 79%
$20,000 $25,000 80%

The lenders who work with people with credit problems typically favor lower LTV’s, because these offer less risk. The good news is that, as the economy improves, more dealers and lenders will be offering auto loans with no money down.

Apply online, and indicate zero down payment in the appropriate section. We will place your application with a lender who can approve you for financing, no down payment required.

Piperton Buy Here Pay Here Dealers

Buy here pay here financing is sometimes referred to as:

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

These dealers approve car loans in-house, instead of working with banks or lenders. Payments are made to the dealership directly, and the cars and trucks for sale typically cost less than $10,000.

Piperton Consumer Profile

Dealers and lenders are interested in much more than just your credit score. Creditors consider your ability to pay (income), employment history, and credit history.

Here are some average statistics for residents of Piperton.

  • Gross Income: $3,302 Per Month
  • Average Car Payment: $363 (11% of Income)
  • Suggested Car Payment: $264 to $330 (8%-10% of Income)

Curious about the credit scores of your friends and neighbors? We’ve calculated how many Piperton residents fall into each credit tier.

FICO Score % of Population Residents
300-499 2% 720
500-549 5% 1,800
550-599 8% 2,879
600-649 12% 4,319
650-699 15% 5,399
700-749 18% 6,479
750-799 27% 9,718
800-850 13% 4,679

Fortunately, we can help nearly any consumer who makes $1500 plus on a monthly basis, regardless of their credit score.

Ready to get started? It’s easy to submit your application.