Auto Loans in Burbank (CA)

If you’re looking for a car loan in Burbank, you need a lender and dealer you can trust. We’ve spent years cultivating a network of dealers and lenders across California, and we have some of the highest rates of approval in the market. Normally, we’re able to position our applicants with the right lender or dealer in real time.

Credit Approval for Burbank Car Buyers

  • Be as accurate as possible on your application.
  • Pay down as much of your credit card debt as you can, to lower your debt-to-income ratio.
  • If you’ve got significant credit problems, get someone to co-sign the loan.
  • Go with a car that costs just 20-50% of what you earn annually.

Burbank Car Loans with Bad Credit

The vast majority of loan providers judge your credit based on a credit score designed for the automobile industry. This score is reliant upon your history with auto loans and leases. While bad credit can make it harder to buy the car you need, you have several options. Odds are we can place your application with a lender or dealer in our network who is willing to accept you as a client.

Credit report errors have grown pretty commonplace. Have you made certain your credit report is devoid of mistakes?

Be sure to look at your credit history at least once each year. If you don’t, lingering inaccuracies could result in higher rates, scaled-down loans, and less chance for being approved.

Burbank Buy Here Pay Here Dealers

Folks in Burbank resort to buy here pay here dealers, sometimes known as tote the note dealers, of the belief that they can only get approved at a place like this. Rarely is this the case. These dealerships grant credit lines on the lot, as opposed to regular dealerships which outsource this, and they regard your job as your credit.

Unfortunately, you can look forward to inflated interest rates, massive down payments, and cars and trucks that are too expensive for their mileage. For this reason, these retailers have a sullied track record. Let us match you with subprime finance specialist who can get you financed, even if you’ve experienced bankruptcy.

Burbank Income and Finances

  • Income Per Year: $17,795
  • Income Per Month: $1,483
  • Recommended Car Payment: $119 (8% of monthly income)

Burbank Vehicle Finance Rates and Payments

Below we have a chart showing what car you can afford with a monthly payment of $119, 20% down payment, and 5-year term.

Exceptional Credit Average Credit Bad Credit
Income Per Month $1,483 $1,483 $1,483
Monthly Installment $119 $119 $119
APR 3.50% 7.00% 11.00%
Repayment Months 60 60 60
Vehicle Price $8,152 $7,489 $6,821
Money Down $1,630 $1,498 $1,364
Total Interest $597 $1,127 $1,662

Ready to Get Financed?

We work with dealers and lenders who are standing by to approve your credit. We will match you with a dealer or lender in your area.