Interested in a new or preowned vehicle? Then it’s likely that you are going to need an auto loan. Our industry relationships are unequalled, which means we can help applicants get pre-approved for financing, even if their credit isn’t the best. Normally, we can place our prospective borrowers with an interested dealer or lender in real time.
New versus Used Cars in Fountain Valley
Have you made up your mind which you’d prefer: a new or used car or truck? As table below shows, pre-owned cars do cost you less in the long run, even with their more expensive rates.
|New Car||1 Year Old Car||2 Year Old Car||3 Year Old Car|
|Duration||60 months||48 months||48 months||48 months|
Essentially, a brand new car loses 50% of its value in 36 months, so you can often get a great deal on a car that’s a few years old. Ultimately, the decision is yours.
Financing a Car with Bad Credit in Fountain Valley
Most loan companies pull your auto-enhanced credit score. This score is heavily influenced by your prior experience with auto loans or leases, and it is not accessible to consumers. Many people are convinced they have no choice but to buy from a buy here pay here dealer in Fountain Valley, because of going bankrupt or repossession, but this isn’t usually the only option. Odds are we can place your application with a dealer or lender in your zip code who wants to fund your loan.
For the lowest rate of interest, you need to check your credit report for mistakes that could be decreasing your score.
Make sure you pull your credit history no less than once per year. If you don’t, uncaught inaccuracies could contribute to higher rates, smaller sized loans, and less chance of being approved.
Buy Here Pay Here Car Lots in Fountain Valley, CA
When you’ve got experienced bankruptcy or foreclosure, a buy here pay here dealer could very well seem like a smart move. These car lots approve auto loans directly, while the vast majority of dealerships outsource this, and they regard your job as your credit.
Regrettably, you should be prepared for high rates of interest, high down payments, and vehicles that are too expensive for their mileage. If increasing your credit score is important to you, and why wouldn’t it be, you are better off applying through us, seeing as BHPH car lots won’t help you in raising your credit.
Fountain Valley Income and Finances
- Income Per Annum: $34,855
- Monthly Income: $2,905
- Average Car Payment: $320
- Optimal Car Payment: $145 to $291 (5-10% of monthly income)
Fountain Valley Vehicle Finance Rates and Payments
The exact amount you can invest in a car is based on a wide variety of factors. The estimates below are based upon a monthly payment of $232, which is 8% of the average consumer’s monthly income in Fountain Valley, together with a 20% down payment and 60 month loan. Rates are approximate.
|Prime Credit||Okay Credit||Bad Credit|
|Number of Years||5||5||5|