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Loan Approval Estimator

Results are only an estimate. The amount you qualify for may vary. 

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Estimating Your Approval Amount 


Finding Your Credit Score 

Your credit score is a 3 digit number that represents your buying power. Your credit score is based on your credit history which is comprised of your payment history, debts, and personal information. Learn how to get your free credit score and history report here. 

Average Credit Score in Ohio: 695

Ohio Auto Loan Approval Estimator


Your credit approval will be based on your gross income, that is, the amount you are paid before taxes. To find your total monthly income, take the amount of your check before taxes are removed and multiply it by the number of times you are paid in a month. Most experts recommend spending no more than 10%-15% of total income on auto payments and related expenses. For example, if you make $2000 per month you should aim for a car payment of around $200. There are three factors that determine your monthly auto payment: principle, loan term, and interest. 

How to Budget for an Auto loan - Buckeye Bad Credit Loans


If you have poor credit or are getting an auto loan for the first time, you may want to strongly consider using a cosigner. While using a cosigner can help qualify you for better financing, lowering your interest rate and payment, there are some things to consider. When you purchase a vehicle with a cosigner, you will both be co-equal owners of the loan, in other words, you are both liable for its payment. Cosigners can get great benefit by seeing an increase in their credit score due to the driver's on-time payments, however, your cosigner will also be equally liable for fees and will see a negative credit impact for late payments.

Can I Get Approved with Poor Credit?


Bad credit can lead to higher interest rates and stricter loan terms. Lenders view borrowers with low credit scores as high-risk, resulting in less favorable lending conditions. However, it's still possible to secure an affordable car loan with bad credit, especially online, where many lenders specialize in bad credit auto loans. learn more.

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