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Auto Loans

One size doesn't fit all.

When it comes to subprime auto financing, AmeriCredit is the perfect fit.

Auto finance needs come in all shapes and sizes and it's important to find the right fit for your subprime customers.

The AmeriCredit customer

A wide range of people, from office workers and professionals, to accountants and business owners, rely on subprime financing. Many of AmeriCredit's subprime customers are individuals who have experienced financially challenging personal events such as divorce, job loss, injury or illness.

Our subprime customer*

Average Credit Bureau Score 545
Average Annual Income $68k
Average Years at Present Employer 7
Average Homeowner 40%
Average Loan Amount $22,900
Average Down Payment 14%
Average Term (months) 71
Average Loan-to-Value (wholesale) 104%
New/Used Collateral 56% / 44%
Average Mileage at Origination 23,000 miles
U.S. Population 40% Subprime

Today, over 44 percent of Americans are in need of subprime financing options. And, according to A.T. Kearney's 15th Annual Automotive Study the economic downturn of 2008-2009 resulted in an additional 15 million Americans being classified as subprime.

†As used herein, "loans" include auto finance contracts originated by dealers and purchased by AmeriCredit
*Credit characterization of AmeriCredit's June 2016 quarter loan originations.
** According to Equifax FICO score distribution as of December 2014

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