Auto Loans in Apple Valley (CA)

Before the internet, you had no choice but to visit one lender after another, looking for one who will allow you to buy the car you want. Here at Golden West Auto Finance, we have simplified the process. We do business with a vast network of dealers and lenders, which means we can help applicants of every kind, from good credit to bad. Typically, we’re able to match our applicants with an interested dealer or lender in real time.

Credit Approval for Apple Valley Applicants

  • Be truthful on your application.
  • Offer 10-20% in cash.
  • Ask someone to be a co-signer for your loan.

Apple Valley Bad Credit Car Loans

Applicants who have a good credit rating benefit from very low loan rates and great terms. However, many of us have been left with credit problems, many of which were brought on by the economic crisis. Fortunately, there are finance companies and dealerships in Apple Valley that fund loans for people who have credit problems. Through us, you can contact a vehicle financing specialist from a dealer or lender in your zip code who wants to approve your credit.

Does Your Credit History Have Inaccuracies?

Credit report discrepancies have become quite prevalent. Have you ensured that your below-average credit isn’t caused by such issues?

Every year, you can check your credit free of charge at Annual Credit Report, a site created by the leading credit bureaus, and make certain you are offered the APR rate you deserve.

Apple Valley Buy Here Pay Here Financing

People in the BHPH industry wants you to think that you haven’t any alternative but them. However, this typically isn’t the case. Dealers like these will approve pretty much anyone, regardless of their credit, but there are issues.

More often than not, preowned autos are the only thing you can buy, and these are not no money down cars. Normally, the down payment is equivalent to what the dealer paid for the vehicle in the first place, and you could find yourself paying thousands in interest through inflated rates. There’s more: these dealers almost never work with the credit reporting agencies, which means you could make all of your payments when they’re due with no boost to your credit score.

Getting a Loan for a Car in Apple Valley: How Much You Can Finance

Have a look at how much you’ll be eligible to borrow given various credit tiers. These numbers presume an income of $3,266 on a monthly basis, the average among Apple Valley consumers.

Credit Income Factor Sum
Excellent Credit 10 $32,660
Decent Credit 9 $29,394
Slow Credit 8 $26,128
Bad Credit 7 $22,862
Very Bad Credit 6 $19,596

In reality, it’s a better idea to finance a less costly car than you’re pre-approved to finance. Have a look at this table, which shows you what price car you can get financed based upon your credit score, with an income of $3,266 a month, 5 year term, and a down payment of 20%.

Excellent Credit Decent Credit Poor Credit
Income Per Month $3,266 $3,266 $3,266
Payment Amount $261 $261 $261
Interest Rate 3.50% 7.00% 11.00%
Car Price $17,953 $16,494 $15,021
Money Down $3,591 $3,299 $3,004
Borrowed Funds $14,363 $13,195 $12,017
Total Interest $1,314 $2,482 $3,660