Auto Loans in Canyon Country (CA)

Investing in a new car is no small decision, so it is essential to work with a lending expert to get approved for a car loan. We’ve spent years building a network of dealers and lenders across the state of California, and we have finance professionals ready and willing to fund your loan. Experience the convenience of having a dedicated finance consultant who can answer the questions you have and line up your loan.

Benefits of our Service for Canyon Country Residents

  • Recommendations from a qualified auto finance specialist.
  • Don’t have to discuss price and interest rate at the same time.
  • Scheduled appointment to choose your car.
  • Zero down car deals often available to well-qualified borrowers.
  • Unmatched variety of new and used autos.

Considerations for People in Canyon Country with Bad Credit

When you’ve got bad credit, a bank-financed loan ordinarily isn’t possible. Here is the good news: there are lending companies and dealerships in Canyon Country that welcome people who have bad credit. Through us, you can contact a vehicle financing specialist from a dealer or lender in your zip code who is willing to get you behind the wheel.

Dealerships for Bad Credit in Canyon Country

Getting financed, not selecting a new car or truck, typically comes first at bad credit car dealerships in Canyon Country. To get the lowest rate you possibly can, be sure you ask the dealer the buy rate, or the rate offered by the lender before the dealer tacks on extra points for lining up the loan. Never be lured into getting a vehicle that’s less affordable than you planned. Rebuilding your credit is most important.

Canyon Country Buy Here Pay Here Dealers

If you’ve got experienced bankruptcy or foreclosure, buy here pay here financing might appear to be a smart move. These dealers will approve pretty much anybody, regardless of their credit, but there are drawbacks. You will find that preowned cars and trucks are the only ones for sale, and these aren’t zero down cars. In most cases, the down payment is as much as the vehicle’s value on the wholesale market. Lending rates equivalent to the California’s maximum legal limit aren’t unheard of. Because of this, these dealers have a sullied track record. Let us put you in touch with a reputable dealer who can get you approved, even if your credit is horrible.

Getting a Loan for a Car in Canyon Country: Loan Amounts

The better your credit, the bigger amount you can finance. The same is true of your income. Take a look at these amounts for the average Canyon Country consumer who has an income of $1,278 per month.

Credit Multiplier Sum
Great Credit 10 $12,780
Decent Credit 9 $11,502
Temporary Bad Credit 8 $10,224
Bad Credit 7 $8,946
Terrible Credit 6 $7,668

However, there’s the amount you can borrow, and how much you should.

Financing a Car at $102 a Month

The exact amount you should pay for a new car or truck hinges on a wide variety of factors. These estimates are derived from a monthly payment of $102, which is 8% of the average consumer’s monthly income in Canyon Country, coupled with a 20% down payment and 5-year repayment terms. Loan rates are approximated.

Great Credit Fair Credit Poor Credit
Income Per Month $1,278 $1,278 $1,278
Monthly Payment $102 $102 $102
APR 3.50% 7.00% 11.00%
Payment Period 60 Months 60 Months 60 Months
Sticker Price $7,025 $6,454 $5,878
Money Down $1,405 $1,291 $1,176
Interest Paid $514 $971 $1,432

Ready to Get Rolling?

No matter your credit, we can help you get the funding you need. We will put you in touch with a finance professional from a dealer or lender that’s local to Canyon Country.