Auto Loans in Fullerton (CA)

You really are smart to search for financing in advance, because it addresses a number of the stumbling blocks from the car-shopping process. We’ve spent years securing a network of dealers and lenders across the country, and we have finance professionals approve you for the financing you need. Experience the convenience of having a devoted financing expert to answer your questions and arrange your loan.

New and Used Vehicle Financing in Fullerton

Pre-owned vehicles have more expensive rates than new ones. However, for smart buyers, they are the better option. Here we have a comparison of how much it would cost you to finance a car that is brand new, compared to one that is 1-3 years old.

New Car 1 Year Old 2 Years Old 3 Years Old
Percent of Original Price 100% 75% 60% 50%
Sticker Price $21,530 $16,148 $12,918 $10,765
Down Payment $4,306 $1,615 $1,292 $1,077
APR 5.00% 7.50% 7.50% 7.50%
Months 60 48 48 48
Payment $325.04 $351.39 $281.11 $234.26
Finance Fees $2,278 $2,334 $1,867 $1,556
Total Cost $23,808 $18,481 $14,785 $12,321

Regardless of whether you decide on a new or pre-owned car, we can help. Can’t wait to get going? Simply apply online.

Fullerton Bad Credit Car Loans

Do you have poor credit as a result of outstanding debts, company layoffs, divorce, or bankruptcy? Many people head for a buy here pay here car lot in Fullerton, on account of low credit scores, but it’s likely that you can get financed at a cheaper rate from a more established company. Through us, you can contact a vehicle finance specialist from a lender or dealer in Fullerton who is ready to approve your credit.

Car Dealers for Bad Credit in Fullerton

You want to finance a vehicle that fits your car loan, not the other way around, and your finance specialist should help you pick a fitting vehicle. If you apply through us, you can line up your auto loan with a lending professional, then set up an appointment to sign and drive. No matter your credit, there is almost always a vehicle you can afford. It’s recommended that the payments are around 5 to 10% of what you earn per month pre-tax. If you get paid $2,153 per month, this would be a payment of $108 (5%) to $215 (10%).

Fullerton Buy Here Pay Here Dealers

Perhaps you have considered financing a car through a BHPH dealer because of bad credit? Normally, there are considerably better alternatives. Nearly all dealer financing isn’t direct to the consumer, as car dealers go through banks or credit unions to provide the loans. In contrast, buy here pay here dealers decide who gets approved on the lot, typically with no credit check.

Issues include:

  • Exorbitant Rates of Interest
  • Exorbitant Down Payments
  • Overpriced Cars and Trucks
  • Ignition Kill-Switches

That isn’t all: these car lots seldom report back to the credit bureaus, and that means you could make all of your payments as agreed without increasing your FICO score.

Loan Amounts for Fullerton Consumers

The amount you’ll be able to borrow will depend on the amount of money you’re making, and how good or bad your credit scores are. Check out these amounts based off of an income of $2,153 per month, which is the average in Fullerton.

Credit Income Factor Loan Amount
Excellent Credit 10 $21,530
Fair Credit 9 $19,377
Temporary Bad Credit 8 $17,224
Poor Credit 7 $15,071
Terrible Credit 6 $12,918

It’s wise to borrow less than you can. In this way, you can keep room in your budget for unexpected expenses.

How Much Car You Can Afford with $172 Monthly Payment

Check out this chart, which displays what price car you can afford given your FICO score, along with an income of $2,153 each month, 5 year term, and 20% down.

Prime Credit Fair Credit Subprime Credit
Income Per Month $2,153 $2,153 $2,153
Payment $172 $172 $172
APR 3.50% 7.00% 11.00%
Purchase Price $11,835 $10,873 $9,902
Down Payment $2,367 $2,175 $1,980
Borrowed Funds $9,468 $8,698 $7,922
Total Interest $866 $1,636 $2,413
Price Paid with Interest $12,701 $12,509 $12,315