Buyers Who Tri-State Will Consider for Loans

Tri-State Credit Corporation finances below-prime loans for applicants who are typically disqualified by conventional lenders. For example, Tri-State will consider loans for auto buyers who:

  • Have good credit, but they've "maxed" out their auto financing with conventional lenders.
  • Have average to poor credit.
  • Have no credit history.
  • Are legal immigrants.
  • Are on U.S. Visas.
  • Have had a bankruptcy or foreclosure.
  • Have had minor liens or judgments.
  • Are purchasing a vehicle that is more than four years old or has higher mileage.

Guidelines for Loan Approvals

In general, Tri-State will finance up to 90% of NADA retail value on a vehicle if the loan application meets the following guidelines:

Financing Guidelines
Customer credit score: 500 or higher
Vehicle mileage: Less than 120,000 miles
Vehicle age*: Less than 10 years old
Desired loan terms*: 12 to 60 months
Desired loan amount: Between $4,000 and $12,000
Required deposit: 20% down

*Typically, the loan length is related to the age of the vehicle; though, exceptions may apply.

Vehicle Age Financing Term Length
2 years or less: Up to 60 months
5 years or less: Up to 48 months
7 years or less: Up to 42 months
10 years or less: Up to 36 months
Over 10 years: based on a case-by-case basis

In each loan decision, Tri-State will consider the year, make, model and mileage of the vehicle.

Exceptions May Apply

Tri-State won't automatically eliminate an application if it misses certain criteria. Instead, Tri-State's account managers will consider all factors on a case-by-case basis, using a common sense approach to determine whether to provide financing.

Tri-State prides itself on working closely with its dealerships. If you have a loan application that you believe Tri-State should consider that falls outside these guidelines, please contact one of Tri-State's account managers at (856) 262-3390.