Auto Loans in Citrus Heights (CA)

If you’re considering getting an auto loan in Citrus Heights, few if any firms have refined credit approval like ours has. For years, we’ve been securing a network of dealers and lenders across California, and we are dedicated to matching you to the dealer who suits you best. We match you with a credit specialist who can help you each step of the way.

What Will Your Interest Rate Be?

Securing the least expensive rate of interest possible should be your main concern, given that it will dictate how much your vehicle ends up costing in the end. As one example of the impact of your credit score on your auto loan, check out this chart.

Below, we’ve compared the same $23,720 auto loan, but with different credit scores and interest rates:

Good Credit Subprime Credit
Sum $23,720 $23,720
APR 3.50% 11.00%
Duration 5 years 5 years
Interest $2,170 $7,224

It’s extremely hard to gauge your interest rate without more information. Take a little time to submit your application, then work with a finance specialist to check customized rates.

Used Car Auto Loans in Citrus Heights

For a number of reasons, a pre-owned car or truck is a better option than a new one. The finance fees for used cars and trucks are slightly more expensive, but other advantages, such as a lower purchase price and flatter rate of depreciation, more than compensate for these heightened rates. Banks and finance companies will have limits as far as mileage and age, however. Vehicle must have less than 100,000 miles and be no greater than 7 years old. In this table, we’ve placed side by side the costs of new and used car loans in Citrus Heights, California. These numbers are based on these assumptions:

  • New car costs $29,650.
  • Used vehicle is three years old.
  • Credit score of 690 to 720.
  • Simple Interest.
New Car Used Car
Price $29,650 $14,825
Down Payment $5,930 $1,483
Interest Rate 5.00% 7.50%
Years 5 4
Monthly Payment $447.63 $322.61
Finance Fees $3,138 $2,143
Total Paid $32,788 $16,968

Citrus Heights Auto Loans for People with Bad Credit

Most of the time, auto loan companies check your auto industry credit score. This score draws on your prior experience with car loans or leases. Nobody wants to deal with being rejected for a loan. Consequently, it’s important to look for a dealer or lender in Citrus Heights that specializes in problematic credit. Through us, you can contact an auto finance expert from a lender or dealer in Citrus Heights who is ready to accept you as a client.

If you want to minimize your APR rate, be sure to examine your credit report for discrepancies that could be reducing your score.

Fortunately, it is simple enough to dispute these kinds of errors, and doing it could help you secure a lower interest and superior terms.

Buy Here Pay Here Dealers in Citrus Heights, California

Buy here pay here dealerships would like you to assume that there is no option but them. However, this usually isn’t the way it is. Such dealers grant funding on site, as opposed to conventional dealerships which utilize separate lenders, and they will typically finance everyone. Cons include outrageous rates of interest that border on the state’s maximums, as well as substantial down payments and strict agreements that allow for rapid repossession in the event of a missed payment There’s a reason why these car dealers have a sullied reputation. Let us place you with dealer finance professional who can get you the funds you need, even if you have bad credit.

Citrus Heights Income and Finances

  • Yearly Income: $35,580
  • Income Per Month: $2,965
  • Optimal Car Payment: $148 to $297 (5-10% of monthly income)

Ready to determine how much car you can afford? Check the numbers below, but bear in mind the lending rates are only estimations, and the numbers are based upon an income of $35,580 a year, the Citrus Heights average. Repayment term is 5 years.

Good Credit Okay Credit Bad Credit
Income Per Month $2,965 $2,965 $2,965
Monthly Payment $237 $237 $237
APR 3.50% 7.00% 11.00%
Car Price $16,299 $14,974 $13,637
Down Payment $3,260 $2,995 $2,727
Total Interest $1,193 $2,253 $3,322
Total Investment $17,492 $17,227 $16,959

Your Auto Loan is Waiting

We work with lenders and dealers who are waiting to approve you for a loan. Apply online, and we’ll get you approved. It’s quick, simple, and there’s no fee.