Get an Arkansas Auto Loan Quote

Auto Loans in Arkansas (AR)

Need an auto loan in Arkansas? Whether you’re looking for a new or used car, it’s our mission to help you get your credit approved within a day. Best of all, the application costs nothing.

Arkansas Car Loan Basics

  1. Firstly, you need to submit your application online.
  2. We attempt to place your application with the ideal Arkansas car loan lender for your needs.
  3. If pre-approved, a special finance supervisor will contact you.
  4. Finalize your auto finance documents and pick out your vehicle from a local dealer.

Click this link to apply online.

AR Income and Credit Scores

In the state of Arkansas, the average per year income is $34,118, while the average fico score is 668. Keep in mind, you don’t have to make $2,843 a month to qualify for an auto loan in Arkansas.

Minimum Arkansas Auto Loan Requirements

The vast majority of Arkansas car loan companies require that you earn no less than $1500 income a month. Also, your total monthly debt, inclusive of your car loan, shouldn’t exceed half of how much you make per month. For consumers in Arkansas, this equates to $1,422, on average. Don’t meet these prerequisites? You may still be able to meet the requirements with a co-buyer, larger down payment, or through buy here pay here financing.

Car Loan in AR
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Providing a down payment is important. The reality is, many loan companies require it. What amountwill do? In general, finance companies will be content with an advance payment of 15 to 20%.

You should also think about your installment payments. Try not to commit more than 18 to 20% of your income for your Arkansas auto loan. Here are average numbers for Arkansas car shoppers.

  • Yearly Income: $34,118
  • Monthly Income: $2,843
  • Payment Range: $512-$569

Credit score seen better days? Learn more about bad credit auto loans here.