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Bad Credit Car Loans: Tennessee (TN)

At Car Loans in Tennessee, a low credit score is no problem. Let’s look at credit scores in Tennessee as a whole:

  • Avg TN FICO Score: 679
  • Credit Score Considered “Poor”: 620 or lower
  • Number of People with Poor Credit: 1,903,832

If you have bad credit, Car Loans in Tennessee offers access to lenders who supply Tennessee bad credit car loans on a regular basis. Click the link to submit your secure application.

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Nearly all loan providers want to see a cash down payment (normally 10%), coupled with a minimum debt-versus-income ratio (a maximum of 1/2 of income dedicated to debt payments every month).

It’s essential to plan the right way for your auto loan. This rule of thumb is essential: never devote more than 15% of your income each month toward paying down your car loan.

  • $489: 15% of average income in Tennessee
  • $163: 5% for gas, upkeep, etc.

Additionally, you want to supply a large down payment if you can. Sure, we could help you get Tennessee auto financing with no down payment, but these come with a greater risk of becoming upside down. What kind of car should you get? Pre-owned. Unquestionably. Used cars are a safer choice with regards to negative equity.