Auto Loans in Chino Hills (CA)

Are you wary of purchasing a car because of credit problems? We can help. Our network of dealers and lending companies is unmatched, and we have agents approve you for the financing you need. It really is tough to imagine a more convenient way to secure the financing required for your new car.

Financing Guidelines for Chino Hills Consumers

  • Be as truthful as possible on your application.
  • Reduce your loan-to-value ratio by offering money down.
  • Finance for 5 years or less.
  • Choose a car which costs no more than six times your monthly income.

Considerations for People in Chino Hills with Bad Credit

Credit score is a critical variable when purchasing a car. Has yours had better days? A lot of shoppers end up at a buy here pay here dealer in Chino Hills, due to a bankruptcy or other issues of this nature, but you really want to stay clear of these car lots. Through us, you can contact an automotive finance professional from a dealer or lender in your area who wants to get you in the driver’s seat.

Mistakes on a person’s credit report have grown quite commonplace. Have you checked that your low credit score isn’t a result of such issues?

You’ll want to look at your credit history a minimum of one time every year. Neglecting to do this could contribute to higher rates, scaled-down loans, and less chance for approval.

Chino Hills Buy Here Pay Here Financing

Thinking about financing a car through a BHPH dealer on account of bad credit? Ordinarily, there are better alternatives. These types of car lots offer car loans in-house, unlike conventional dealerships which farm this out to off site lenders, and they will typically finance anyone. Customarily, higher-mileage cars and trucks are the only thing offered, and these aren’t no money down car deals. Normally, the down payment is equivalent to what the dealer paid for the vehicle when they bought it, and you could wind up paying in the neighborhood of 20% APR. That isn’t all: these dealers don’t report back to the credit agencies, and that means you could make all of your payments month after month without any lift in your FICO score.

Chino Hills Income and Finances

  • Income Per Year: $78,336
  • Monthly Income: $6,528
  • Suggested Monthly Payment: $326 to $653 (5-10% of monthly income)

Chino Hills Auto Finance Rates and Payments

Here we have a chart revealing what car can be afforded with a payment per month of $522, 20% down payment, and 5-year term.

Great Credit Average Credit Bad Credit
Income Per Month $6,528 $6,528 $6,528
Monthly Payment $522 $522 $522
Loan Rate 3.50% 7.00% 11.00%
Term Length 5 Years 5 Years 5 Years
Purchase Price $35,884 $32,968 $30,024
Money Down $7,177 $6,594 $6,005
Total Interest $2,627 $4,960 $7,315
Price Paid with Interest $38,511 $37,928 $37,339

Ready to Get Started?

We can get you behind the wheel of a new car. A finance specialist will lead you through the process, helping you get financed at an affordable rate.