Auto Loans in Baldwin Park (CA)

Having your auto loan approved upfront is a smart approach, as there are many benefits:

  • Much less time on the car lot.
  • Likelihood of a less expensive interest rate.
  • Increased negotiating leverage.

For years, we’ve been establishing a network of lenders and dealers across the country, and we specialize in placing your application with the lender who wants your business most. We match you with a finance consultant who can help you get the loan you need for the car you prefer.

Why Get Pre-Approved for Financing?

  • Unrivaled network of California lenders and dealers.
  • Appointment to purchase your vehicle.
  • Zero fee for application.
  • Unmatched range of used and new autos.

Bad Credit Car Loans in Baldwin Park

If you have great credit, you’ll probably have the benefit of great annual percentage rates and advantageous terms. Unfortunately, some of us don’t have this pleasure. Too many consumers end up at one of the buy here pay here car lots in Baldwin Park, on account of bankruptcy or other difficulties, but you really want to avoid these car dealers. We have the solution. We serve customers with credit problems of all kinds, getting them the loans they need.

If you have favorable credit, you spend a majority of your time at the dealership exploring vehicles. However, with bad credit, you will take more time discussing your interest rate, lending terms, and down payment. If you apply through us, you can line up your financing ahead of time, then select a day to visit the lot and select your vehicle. Regardless of what your credit score is, there is almost always a vehicle you can finance. It is best if the payments are about 5 to 10% of your monthly income. If you earn $3,468 per month, this would be a payment of $173 (5%) to $347 (10%).

Buy Here Pay Here Dealerships in Baldwin Park, California

Buy here pay here dealers would like you to believe that they’re your only option. However, this usually isn’t the case. Nearly all dealer finance is outsourced, in that dealers work with banks or credit unions to provide the loans, but buy here pay here dealers don’t. They provide auto loans independently. Customarily, preowned autos are the only models you can buy, and you may have to have a GPS unit placed in your vehicle. Repossession frequently occurs, and the interest rates are very high. This is why these dealerships don’t have the best track record. We want to put you in touch with subprime finance professional who can get you the loan you need, not matter your credit.

Purchasing a Car in Baldwin Park: Loan Amounts

Have a look at just how much you can borrow given several different credit tiers. These numbers presume an income of $3,468 on a monthly basis, which is typical for people who live in Baldwin Park.

Credit Multiplier Loan Amount
Good Credit 10 $34,680
Fair Credit 9 $31,212
Subprime Credit 8 $27,744
Bad Credit 7 $24,276
Really Bad Credit 6 $20,808

It’s best if you finance less than you can. In this way, you can save yourself some income for emergency situations. Ready to determine how much car is feasable? Have a look at the table below, but keep in mind the lending rates have been estimated, and the figures are based on an income of $41,621 a year, the Baldwin Park average. Repayment term is 5 years.

Exceptional Credit Decent Credit Poor Credit
Monthly Income $3,468 $3,468 $3,468
Payment $277 $277 $277
Rate 3.50% 7.00% 11.00%
Repayment Months 60 60 60
Car Price $19,064 $17,514 $15,950
Money Down $3,813 $3,503 $3,190
Interest Paid $1,396 $2,635 $3,886
Total with Interest $20,459 $20,149 $19,836