Shopping for a new or used car? Then it’s likely that you need an auto loan. We have access to an extensive network of dealers and lenders, which means we can help applicants of every credit tier and budget. It’s tough to imagine a better way to buy your next car.
Cars Both New and Used in Clovis
Pre-owned cars and trucks come with greater rates than new ones. However, for savvy buyers, they are the more sensible choice. Despite higher rates of interest, used cars save you money, as is clear from the numbers below.
|New Car||1 Year Old Car||2 Year Old Car||3 Year Old Car|
|Duration||5 years||4 years||4 years||4 years|
Regardless of whether you decide on a new or pre-owned car, we’re here to help you get approved. Visit here to submit your application.
Bad Credit Car Loans in Clovis
Old fashioned financial institutions like banks typically approve those with scores of 700 or higher. Too many shoppers end up at a buy here pay here dealership in Clovis, because of going bankrupt or repossession, but chances are you can get financed at a better rate from a more reputable company. Through us, you can contact an auto lending expert from a lender or dealer in your area who wants to approve your credit.
As credit is your central hurdle, your sales rep will speak with you about financing straight away. To make sure you fulfill lender guidelines, you will ordinarily need to furnish the documentation below:
- Driver’s License
- Proof of Income
- Proof of Residence
- Proof of Insurance
No matter your credit, there has to be a vehicle you can finance. You’d be smart to opt for a payment that is approximately 5 to 10% of what you earn per month pre-tax. If you earn $1,977 per month, you should have a payment of $99 (5%) to $198 (10%).
Buy Here Pay Here Dealers in Clovis, CA
Considering going to a buy here pay here dealer to get approved? Usually, there are more attractive options. A lot of dealer financing is indirect, in that dealers go through off-site banks and lenders to provide the loans. In contrast, buy here pay here dealers become both the lender and the dealer. Hence the phrase buy here pay here.
Customarily, preowned vehicles are the only models offered, and you may have to have a GPS tracker mounted in your vehicle. Repossession frequently occurs, and the interest rates are simply ridiculous, they’re so high. There’s a good reason that these dealers have a sullied reputation. We want to place you with subprime finance specialist who can get your loan funded, even if you’ve experienced bankruptcy.
Clovis Consumer Profile
- Income Per Year: $23,718
- Income Per Month: $1,977
- Average Car Payment: $217
- Recommended Car Payment: $99 to $198 (5-10% of monthly income)
Clovis Vehicle Finance Rates and Payments
Have a look at this table, which shows you what price car is within your budget given your FICO score, along with an income of $1,977 each month, 5 year repayment, and 20% down.
|Exceptional Credit||Average Credit||Bad Credit|
|Income Per Month||$1,977||$1,977||$1,977|
Apply Online in 3 Minutes
At Golden West Auto Finance, we take great pride in getting in the driver’s seat of a new car. Our application is free of charge, and you could be purchasing your new car or truck before you know it.