Auto Loans in El Centro (CA)

If you’d like to finance a car in El Centro, you have come to the right people. Instead of waiting until you’re in a high-pressure situation at the dealership, we allow you to get approved for financing in advance. We place your application with a finance professional whose job it is to get you approved for the car loan you need.

Advantages of our System for El Centro Car Shoppers

  • Less stress and fear of getting approved.
  • No need to negotiate price and financing at the same time.
  • Scheduled time to select your car.
  • Services are free of charge.
  • New and pre-owned vehicles for sale.

El Centro Car Loans for People with Bad Credit

If you have first-rate credit, you’ll likely benefit from affordable rates of interest and advantageous terms. However, many individuals have run into credit problems, many of which stem from the economic downturn. You don’t want to deal with being turned down for credit, and therefore it is important to look for a dealer or lender in El Centro that accepts bad credit. When you submit your application through us, our team works to match you with a lender or dealer in your zip code who wants to get you behind the wheel.

For the minimum rate of interest, you must inspect your credit report for mistakes that could be bringing down your score.

You should take a look at your credit report at least one time a year. Neglecting to do this could result in higher rates, smaller loans, and less chance of being approved.

El Centro Buy Here Pay Here Dealerships

For people who have substantial credit problems on account of bankruptcy or repossession, a buy here pay here dealer may seem like a good plan. These dealers approve car loans in-house, while traditional dealers farm this out to third-party lenders, and they will typically finance anyone. Unfortunately, you should expect exorbitant loan rates, large down payments, and cars and trucks that cost too much given their mileage and condition. For this reason, these dealers don’t have a great reputation. We can put you in touch with a reputable dealer who can get you behind the wheel of an excellent vehicle, even if your credit is dreadful.

El Centro Income and Finances

  • Per-Year Income: $17,512
  • Monthly Income: $1,459
  • Average Car Payment: $160
  • Recommended Monthly Payment: $117 (8% of monthly income)

Vehicle Budgeting for El Centro Consumers

Trying to determine how much car you can finance? Take a look at the table below, but remember that the lending rates have been estimated, and the amounts are derived from $17,512 in annual income, the El Centro average. Repayment term is 60 months.

Great Credit Okay Credit Subprime Credit
Payment Amount $117 $117 $117
APR 3.50% 7.00% 11.00%
Sticker Price $8,020 $7,368 $6,710
Down Payment $1,604 $1,474 $1,342
Amount Borrowed $6,416 $5,895 $5,368
Interest Paid $587 $1,109 $1,635
Total Paid $8,607 $8,477 $8,345

Ready to Find Your Loan?

We can get you behind the wheel of a new car. A finance manager will walk you through the process, helping you obtain a fair rate.