What is a Sub-Prime Borrower?

According to Experian's State of the Automotive Finance Market Report for the first quarter of 2014, scores are divided into five categories of ranges. 740 and up puts your score in the "Super Prime" category. 730-680 is "Prime" and 679-620 is "Non-Prime".  That leaves all other consumers in the "Sub-Prime" category with 550 and under being described as "Deep Sub-Prime". According to their Open Loans by Risk report, over 21 percent of all open loans are below prime, with deep sub-prime lending being the highest growing category of open loans. The average credit score of an auto financing customer dropped 10 points from the first quarter of 2013 from 731 to 721. In summary, more lenders are willing to take chances with sub-prime borrowers as more and more consumers are falling into that category. According to Credit-Report-101, the national average FICO credit score as of 2014 in the US is 639, which would place the average national consumer in the "Non-Prime" category. 

Check Out Our New Program Pages

New pages for each program were just set up! See which one you qualify for!

SPECIAL FINANCING

Have income? You’re approved!

Bring in a pay stub or proof of income, and we'll get you a loan! We don't care about your crappy credit! Our down payments are as low as $500.00 plus tax and tags. We accept people with all kinds of credit problems including repossession, divorce and bankruptcy. 

We use a network of sub-prime lending companies to find you a loan that works with your situation. Apply online on our website, or check out our Special Financing page for more information!

BUY HERE PAY HERE

No income? You’re approved!

We have financing programs for everyone including the Buy Here Pay Here program. If you are a special case customer that is unable to meet the verification requirements of our special financing, that's OK! We can still get you a loan.Our Buy Here Pay Here program accepts everyone, and no verification is necessary. Apply on our website or check out our Buy Here Pay Here page for more information!

 CASH FOR CARS

We'll buy your car.. Even if you're not buying ours!

Need quick cash? Having down payment problems and need to use your trade? We'll buy your car and give you the most money for your vehicle. Our expert salesmen will give you a free appraisal on your vehicle and pay you in CASH today. Getting cash for your car is easy! Use our online instant appraisal tool. Want more information? Our Cash for Cars page has all the information you need!

Visit our site and apply for any of our financing or auto buying programs.

How Does Sub-Prime Financing Work?

         Not everyone has had a perfect credit history, and most times it's through no fault of their own. Young consumers don't understand that every financial decision they make since the day they turn eighteen is tracked on their credit reports. Yes, some people make bad decisions, but most people want to pay their bills on time. It just so happens that sometimes, people are forced to choose between two necessities. Others have simply been a victim of circumstance... Divorce, accidents, unexpected medical costs, or loss of a job can affect a consumer's credit rating. Auto finance companies prefer those with "Prime" credit, meaning those who have excellent credit and haven't fallen on hard times and were unable to pay a bill or two on time. Everyone one else outside of that "Prime" category would be considered "Sub-Prime".