Auto Loans in Buena Park (CA)

Hoping to buy a new or preowned car or truck? Then you probably are going to need a car loan. Rather than waiting until you’re in the dealer’s finance office, we allow you to apply for financing in advance. We match you with a financing specialist who can help you line up the car loan necessary for the car you want.

Cars Both New and Used in Buena Park

Have you determined which kind of car or truck you’re going to buy? Do you want it new or used? Take a look at these figures, displaying what it would cost you to finance a car that is new versus 1, 2, or 3 years old.

New Car 1 Year Old Car 2 Year Old Car 3 Year Old Car
Depreciation 0% 25% 40% 50%
Price $28,110 $21,083 $16,866 $14,055
Money Down $5,622 $2,108 $1,687 $1,406
Loan Rate 5.00% 7.50% 7.50% 7.50%
Years 5 4 4 4
Monthly Payment $424.38 $458.78 $367.02 $305.85
Finance Charge $2,975 $3,047 $2,438 $2,031
Overall Cost $31,085 $24,130 $19,304 $16,086

An auto finance specialist can help you figure out the type of vehicle that fits your needs. To go over your options, submit an application.

Bad Credit Buena Park Car Loans

Do you have below-average credit as a result of overdue bills, company layoffs, divorce, or bankruptcy? So many consumers are led to believe they have to finance through one of the buy here pay here car dealers in Buena Park, because of problematic credit, but odds are you can get financed at a more affordable rate from a more trustworthy company. Through us, you can contact a vehicle finance expert from a dealer or lender in our network who is willing to get you behind the wheel.

Discussing your auto loan, not picking out your new vehicle, is the first priority at dealers that help people with bad credit.

So as to fulfill the approval criteria, you will probably need to show proof of income by means of pay stubs or income tax returns, coupled with a current lease or power bill with your home address. Your finance professional guide you through this process. If you’re smart, your car payment should represent just 5-8% of your monthly income. For instance, a typical Buena Park consumer who makes $2,811 a month, the average, should plan to fork out just $141 to $225. Spend more than this and falling behind will become a danger.

Buena Park Buy Here Pay Here Dealerships

People in the buy here pay here industry would like you to believe that no place but them will finance you. However, this is seldom the case. Sure, they do not pull your credit, meaning your credit problems shouldn’t be a hindrance, but odds are you will be charged excessively in terms of down payment and interest rate. Drawbacks include ridiculous rates of interest, money due at signing, and vehicle prices, and it’s likely you’ll get a car or truck that ended up being repossessed from a previous owner There’s a good reason that these dealers have a bad track record. Let us place you in the hands of a reputable dealer who can get you approved, not matter your credit.

Getting a Loan for a Vehicle in Buena Park: What Amount You Can Finance

The majority of financial institutions consider your credit and income to decide how much they are going to lend you. We’ve created a table that depicts loan amounts for individuals with an income of $2,811 per month, the average in Buena Park.

Credit Multiplier Loan
Excellent Credit 10 $28,110
Average Credit 9 $25,299
Temporary Bad Credit 8 $22,488
Bad Credit 7 $19,677
Terrible Credit 6 $16,866

Please be aware, however, that there’s the amount it’s possible for you to borrow, and the amount it’s smart to.

Financing a Car at $225 per Month

Trying to determine how much car you really can afford? Take a look at the table below, but remember that the annual percentage rates are only approximations, and the figures are derived from an annual income of $33,734, the average in Buena Park. Loan length is 5 years.

Prime Credit Decent Credit Bad Credit
Monthly Payment $225 $225 $225
APR 3.50% 7.00% 11.00%
Vehicle Price $15,452 $14,196 $12,929
Down Payment $3,090 $2,839 $2,586
Total Interest $1,131 $2,136 $3,150
Total with Interest $16,583 $16,332 $16,079

Apply Online in 90 Seconds

We’re your trusted source for car loans in Buena Park. Our application costs nothing, and you could be picking out your new vehicle before you know it.