Auto Loans in Aliso Viejo (CA)

In Aliso Viejo, there are several options for getting an auto loan, but only a few companies have refined the experience like us. For years, we’ve been establishing relationships with lenders and dealers across the country, and we have lenders and dealers set and ready, expecting your application. You will be walked one step at a time through the auto financing process by a financing specialist in your city.

New and Used Car Financing in Aliso Viejo

Both used and new vehicles can be purchased through our participating dealers, banks, and finance companies. Consider these figures, showing what it would cost you to finance the same car as it ages from new to 36 months old.

New Car 1 Year Old Car 2 Year Old Car 3 Year Old Car
Price $33,720 $25,290 $20,232 $16,860
Down Payment $6,744 $2,529 $2,023 $1,686
APR 5.00% 7.50% 7.50% 7.50%
Months 60 48 48 48
Monthly Payment $509.07 $550.34 $440.27 $366.89
Finance Charge $3,568 $3,655 $2,924 $2,437
Overall Cost $37,288 $28,945 $23,156 $19,297

New cars are deemed safer investments for lenders, however, meaning they’re often simpler to finance if you have a history of bad credit.

Aliso Viejo Bad Credit Car Loans

If you’ve got bad credit, bank financing usually isn’t an option. Too many shoppers turn to one of the buy here pay here dealers in Aliso Viejo, on account of a bankruptcy or other problems, but odds are you can get a car loan at a more affordable rate from a better company. Through us, you can contact an automotive financing expert from a lender or dealer within driving distance who is willing to finance your credit.

Dealers in Aliso Viejo That Work With Bad Credit

Searching for a car with reasonable monthly payments is most important, and you may not be qualified to finance some of the cars and trucks on the lot. If you apply through us, you can usually work out the main points of your finance contract ahead of time, then arrange an appointment for you to choose your car and complete the paperwork. No matter what your credit score is, we can help you find a vehicle for which you can get approved. It would be smart of you to find a vehicle with a payment that is about 5 to 10% of your monthly income. If you make $3,372 per month, you should have a payment of $169 (5%) to $337 (10%).

Aliso Viejo Buy Here Pay Here Financing

The buy here pay here industry would like you to assume that they’re your only option. However, this typically isn’t the way it is. These dealers will approve just about anybody, regardless of their credit, but there are drawbacks.

Unfortunately, you should be prepared for inflated rates of interest, massive down payments, and cars and trucks that are too expensive for how much mileage and wear they have been through. Is boosting your credit a priority for you? Then you should contact a vehicle finance professional through us, since BHPH car lots will not help you strengthen your credit.

Securing Funds for a Car in Aliso Viejo: Loan Amounts

Curious to know what size car loan you’ll be able to secure based on your credit and income? The following figures are based of of an income of $3,372 on a monthly basis, the average among Aliso Viejo consumers.

Credit Score Multiplier Sum
Excellent Credit 10 $33,720
Decent Credit 9 $30,348
Subprime Credit 8 $26,976
Poor Credit 7 $23,604
Really Bad Credit 6 $20,232

It’s wise to borrow less than you can, in order to keep your debt to income ratio low.

How Much Car You Can Afford with $270 Monthly Payment

Check out this chart, which shows you what price car you can get financed based on your credit standing, given an income of $3,372 per month, 60 month loan, and a down payment of 20%.

Exceptional Credit Average Credit Bad Credit
Payment $270 $270 $270
Rate 3.50% 7.00% 11.00%
Months 60 60 60
Car Price $18,536 $17,029 $15,509
Down Payment $3,707 $3,406 $3,102
Total Interest $1,357 $2,562 $3,779