The harder you work the luckier you get – Tex Earnhardt






No Bull Financing was created to help used car buyers who have low credit scores. We have worked with people who are dealing with subprime scores such as 400 or 500.  You’d be surprised what we can do. Don’t let your credit score stop you from asking for help.  We have helped many Phoenix drivers, and we want to help you if we can. You can use our credit score auto loan calculator to help you get started.



Auto Loan Rates - How Your Credit Score Determines Them


If you think that everyone decides auto loan rates by credit score, you’d be right. Your credit score has a big impact on how much you can borrow. It also impacts whether you can qualify for new car rates or used car rates. At this point, there is no average interest rate, but we did some research and found that Investopedia is reporting the following averages.

A Prime borrower, one with a high credit score, may get a rate under 3 percent.  One with an auto loan credit score from 661 to 780 may get a rate under 4 percent.  The 601-660 credit score range may be able to get interest rates under 7 percent.  

However, an auto loan credit score under 600 pushes interest rates up much higher.  The 500-600 range may be over 11 percent. The 300 to 500 range may be over 14 percent. These auto loan rates by credit score may be frustrating, and we don’t want you to let it stop you from applying.  Talk to our auto loan financing advisors at our car loan approval center.  There may be good news for you soon.





A credit score is calculated from a number of factors. This includes bill-paying history, unpaid debt, number of loans, number of credit cards, and current balance. A bad credit score can result from foreclosures, bankruptcies, or debts sent to collection.  If you check your credit score, you may see different numbers depending on which company is calculating the data.  

When we make a check on your credit, we do what’s called a soft pull. That’s because credit checks, even if you don’t take out a loan, can cause your credit score to drop by a few points. You need to guard your score from unnecessary drops such as those.  You don’t want to apply for multiple car loans but rather do your research and use one reputable company. This will help your auto loan credit score remain steady during the loan process.

When you trust Earnhardt, we go through an auto loan pre approval without affecting credit score. This helps your score stay as high as possible before the actual loan application is completed.





Generally you should not pay more for your car loan than 15 percent of your income. Financial advisors suggest that 11 percent is average and 8 percent is ideal. Of course, we don’t always have the flexibility to keep the loan amount that low.  It is typical that a person may spend as much as 20 percent of their income on their transportation.  You can start figuring out costs with this FREE credit score auto loan calculator.


When you are trying to figure out how much you can afford, you need to calculate how much you spend on gas each month and how much insurance will cost. These are your monthly ownership costs.  Then you can use a credit score auto loan calculator.  This is to help you estimate what your interest rate will be and how much you would be able to borrow. With all of this information, you’ll feel more confident as a used car shopper. You will also want to get pre approved for loan with our simple online approval system. It will not affect your credit score.





There is no average interest rate for purchasing a car.  The website Investopedia did some digging and came up with these figures. We can’t promise you that these percentages will apply to you, but it may help you understand how credit scores affect interest rates.

An A-plus credit score (781-850) allows a person to get a car loan with as little as 2.34 percent interest rates. A good credit score (661-780) may qualify for 3.48 percent.  A fair score (601 -660) will end up with a 6.61 percent rate or higher.  

With subprime credit scores, the rates are higher.  A lucky buyer with a credit score from 500 to 600 would be happy with 11.03 percent.  Credit scores from 300 to 500 will see the interest rate rise to 14.59 percent or higher.  Again, these are not firm figures, but they give you an idea of how interest rates rise as credit scores drop.  We recommend using this Credit score auto loan calculator to predict interest rates for your loan and to help you anticipate how much payments might be.  It may be just as easy to let us do it by completing our pre-approved credit application.  We promise this is auto loan pre approval without affecting credit score.




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