Cars are expensive these days, but if you are savvy in how you manage the financing part of the equation, you will save a small fortune down the line. For years, we’ve been securing a network of lenders and dealers across the United States, and we have agents standing by, waiting for your application. It truly is hard to find an easier way to secure your auto loan.
Credit Acceptance for Alameda Car Buyers
- Provide correct information when you submit application.
- Pay off as much of your credit card debt as you can, which will decrease your debt-to-income ratio.
- Go with a repayment period of no more than 60 months.
- Finance a car costing no more than 50% of your annual income.
Alameda Bad Credit Car Loans
If you’ve got great credit, you are likely to benefit from minimal annual percentage rates and advantageous terms. However, most of us don’t have this privilege. You don’t want to deal with being declined by a bank or lender. For this reason it is essential to look for a lender or dealer in Alameda that is open to non-prime credit. Luckily, we serve consumers with credit problems of all kinds, getting them approved for the loans they need.
Cleaning up Your Credit Report
Credit report inaccuracies have become quite prevalent. Have you made certain your credit hasn’t been the victim of mistaken identity or human error?
Once every 12 months, you can check your credit at no cost at AnnualCreditReport.com, in accordance with the FACT (Fair and Accurate Credit Transactions) Act, and make sure you are offered the APR rate that’s in line with your credit.
Alameda Buy Here Pay Here Dealers
When you have been through bankruptcy or repossession, a buy here pay here dealer may sound like a good option. Typically, dealer financing is outsourced, in that dealerships go through off-site banks and lenders to provide the loans, but BHPH dealers handle everything on site. They are both dealer and lender.. Disadvantages include:
- Inflated APR Rates
- Outrageous Down Payments
- Overpriced Cars and Trucks
- Aggressive Repossession Tactics
Because of this, these dealers don’t have a good reputation. We want to place you in the hands of a reputable dealer who can get you the loan you need, even if you’ve had to file bankruptcy.
Alameda Consumer Profile
- Income Per Year: $69,875
- Monthly Income: $5,823
- Suggested Car Payment: $466 (8% of monthly income)
Alameda Auto Finance Rates and Payments
To sum it up, an appropriate finance package involves the following: down payment of 20%, car payment of 8% of monthly income, and term length of 60 months or less. Given an income of $5,823 each month, let’s find out how much car you could buy based on your credit.
|Prime Credit||Average Credit||Poor Credit|
|Number of Years||5||5||5|