Auto Loans in Arcadia (CA)

Having your vehicle loan lined up in advance is a very good approach, as there are many benefits:

  • A shorter time spent at the dealership.
  • Potential for a more competitive interest rate.
  • Improved bargaining power.

We make it easy to apply for financing through our nationwide network of dealers and lenders. It really is tough to imagine a better way to secure your auto loan.

Used and New Cars in Arcadia

Brand new cars and trucks begin dropping in value the moment you buy them, but they have lower rates and longer terms than used ones. Have a look at these numbers, displaying the cost to finance a car that is new as opposed to 1, 2, or 3 years old.

New Car 1 Year Old Car 2 Year Old Car 3 Year Old Car
Percent of Original Price 100% 75% 60% 50%
Sticker Price $22,920 $17,190 $13,752 $11,460
Owed Upfront $4,584 $1,719 $1,375 $1,146
Loan Rate 5.00% 7.50% 7.50% 7.50%
Months 60 48 48 48
Monthly Installment $346.02 $374.07 $299.26 $249.38
Interest $2,425 $2,484 $1,988 $1,656
Overall Cost $25,345 $19,674 $15,740 $13,116

Whether you go with a new or pre-owned car, we’re here to help. Visit here to apply online.

Arcadia Bad Credit Car Loans

There are a variety of issues that bring about bad credit: unpaid bills, foreclosure, going bankrupt, and more. Seeking out a loan provider in Arcadia who finances bad credit is vital. After all, you don’t want to have your credit rejected or have to deal with an unnecessarily high rate of interest. Through us, you can contact an auto finance expert from a lender or dealer in our network who is willing to get you behind the wheel.

Errors on an individual’s credit report have become pretty prevalent. Have you made sure your credit hasn’t been the casualty of mistaken identity or human error?

Luckily, it isn’t difficult to overturn such inaccuracies, and it could result in:

  • Less expensive finance rates
  • More affordable down payments
  • Greater loan principal

Buy Here Pay Here Financing in Arcadia, California

In house financing, better known as buy here pay here financing, has grown in the years following the economic downturn, mainly because so many consumers’ credit scores suffered on account of the housing market and slow economy. These dealers will approve pretty much anybody, regardless of their credit, but there are negatives.

Unfortunately, you should expect exorbitant loan rates, big down payments, and high mileage vehicles that are overpriced. For this reason, these dealerships don’t have a good track record. Let us match you with subprime finance specialist who can get you in the car you want, even if you have bad credit.

Arcadia Income and Finances

  • Income Per Annum: $27,508
  • Income Per Month: $2,292
  • Recommended Car Payment: $183 (8% of monthly income)

Car Loan Budgeting in Arcadia

Overall, the optimum funding arrangement is as follows: down payment of 20%, car payment of less than 10% of monthly income, and a repayment term of 5 years or less. With an income of $2,292 monthly, let’s find out what price car you could buy given your credit.

Great Credit Okay Credit Bad Credit
Monthly Income $2,292 $2,292 $2,292
Payment $183 $183 $183
Loan Rate 3.50% 7.00% 11.00%
Loan Term 5 Years 5 Years 5 Years
Car Price $12,599 $11,575 $10,542
Money Down $2,520 $2,315 $2,108
Loan Amount $10,079 $9,260 $8,433
Total Interest $922 $1,742 $2,568
Total Amount Paid $13,521 $13,317 $13,110

Ready to Find Your Loan?

Regardless of your credit, we’re ready to help you get the loan you need. A finance specialist will guide you through the process, helping you get approved at a fair rate.