Auto Loans in Anaheim (CA)

If you’re thinking of financing a car in Anaheim, not many companies have streamlined the experience like ours has. Rather than waiting until you are in the dealer financing office, we enable you to get approved for financing in advance. Let us match you with a financing specialist who can help you line up the loan you need for the car you prefer.

New and Pre-owned Cars in Anaheim

If you’d like the very best deal, then a pre-owned car is the way to go. Here we have a comparison of what it would cost you to finance a $18,530 car as it gets older, from new to 3 years old.

New Car 1 Year Old 2 Years Old 3 Years Old
Percent of New Price 100% 75% 60% 50%
Price $18,530 $13,898 $11,118 $9,265
Down Payment $3,706 $1,390 $1,112 $927
Loan Rate 5.00% 7.50% 7.50% 7.50%
Months 60 48 48 48
Monthly Installment $279.75 $302.42 $241.94 $201.62
Finance Fees $1,961 $2,009 $1,607 $1,339
Total Paid $20,491 $15,906 $12,725 $10,604

Regardless of whether you end up buying new or used, we would love to help. Ready to get rolling? Simply apply online.

Financing a Car with Bad Credit in Anaheim

Individuals who have no credit problems enjoy minimal loan rates and advantageous terms, but most of us have struggled with credit problems, many of which were brought on by the economy. Too many consumers wind up financing through a buy here pay here dealership in Anaheim, due to less-than-perfect credit, but it’s best to steer clear of these car lots. Luckily, we serve clients with credit problems of all kinds, getting them approved for the loans they need.

Reports are showing that 1 in 5 people has mistakes on their credit report, as reported by one or all three of the leading credit reporting agencies.

Be sure to review your credit report at least one time annually. Neglecting to take action could result in higher rates, scaled-down loans, and less chance of being approved.

Buy Here Pay Here Financing in Anaheim, California

Considering BHPH financing because of bad credit? Normally, there are more attractive options. In most cases, dealer finance is sourced elsewhere, in that car dealers go through off-site banks and lenders to provide the loans, but BHPH dealers determine who gets approved on site, often without any credit check.

You will notice that higher-mileage cars and trucks are the only ones you can buy, and these aren’t no money down car deals. Normally, the down payment is almost the same as what you would pay for the vehicle if you bought it from a previous owner, and you could find yourself paying thousands in total interest through outrageous rates. For this reason, these dealers have a lousy reputation. We want to connect you with a reputable dealer who can get your loan funded, even if your credit is really bad.

Loan Pre-approvals for Anaheim Consumers

Curious to know what size auto loan you’ll be able to secure based on your income and credit? These figures presume an income of $1,853 monthly, which is typical for people who live in Anaheim.

Credit Income Factor Amount Borrowed
Good Credit 10 $18,530
Decent Credit 9 $16,677
Subprime Credit 8 $14,824
Poor Credit 7 $12,971
Really Bad Credit 6 $11,118

It’s always good to go with a less expensive car than you really could, in an effort to save some income for emergency situations.

Financing a Car with $148 Monthly Payment

Wondering how much car you can get financed? Check the chart below, but keep in mind that the lending rates are only approximate, and the amounts are based upon $22,232 in yearly income, the average in Anaheim. Repayment term is 5 years.

Exceptional Credit Decent Credit Bad Credit
Car Payment $148 $148 $148
Interest Rate 3.50% 7.00% 11.00%
Purchase Price $10,186 $9,358 $8,523
Money Down $2,037 $1,872 $1,705
Total Interest $746 $1,408 $2,076
Total with Interest $10,932 $10,766 $10,599