Auto Loans in Glendale (CA)

Looking to buy a new or used vehicle? In that case, you probably are going to need an auto loan. We’ve spent years securing relationships with dealers and lenders across the country, and we have lenders and dealers approve you for the financing you need. Expect to be walked one step at a time through the auto financing process by a financing professional in your city.

Lending Recommendations for Glendale Car Shoppers

  • Be as precise as you possibly can on your application.
  • Reduce your loan-to-value ratio by supplying a down payment.
  • Agree to a lending term of no more than 60 months.

Financing a Car in Glendale with Bad Credit

Poor credit translates to the following:

  • Inflated annual percentage rates.
  • More significant down payments.
  • Shorter finance terms.

Locating a lender in Glendale that works with bad credit is critical, or you could be turned down or have to deal with an exorbitant interest rate. It’s likely that we can match you with a dealer or lender within driving distance who is ready to approve your loan.

Bad Credit Dealerships in Glendale

If you have good credit, you spend almost all your time at the dealership looking at vehicles. If you have bad credit, however, you will concentrate more on your interest rate, lending terms, and down payment. To get the lowest rate you possibly can, make sure you ask the dealer the buy rate, or the rate offered by the lender before the dealership adds on extra points for lining up the loan. Your car payment really should not be beyond 10% of your income. For someone earning the Glendale average of $2,215 of income each month, this would be $222. Half that much, $111, is far better.

Glendale Buy Here Pay Here Dealerships

For those who have substantial credit problems stemming from bankruptcy or foreclosure, buy here pay here financing may well sound like a smart move. Typically, dealer financing isn’t direct to the consumer, as dealers go through banks or credit unions to provide the loans. By contrast, BHPH dealers provide loans independently. You will notice that preowned cars and trucks are the only ones you can buy, and you may be required to pay weekly, in person. Rates of repossession are quite high, much like the interest rates. Because of this, these retailers have a lousy track record. We can place you in the hands of a reputable dealer who can get you in the driver’s seat of a really good vehicle, even if your credit is dreadful.

Glendale Income and Finances

  • Yearly Income: $26,580
  • Income Per Month: $2,215
  • Ideal Car Payment: $177 (8% of monthly income)

The amount you should pay for a new car or truck is based on many different variables. These numbers derive from payments of $177, which is 8% of the average consumer’s monthly income in Glendale, combined with a 20% down payment and 60 month loan. Interest rates are simply estimates.

Excellent Credit Fair Credit Poor Credit
Payment $177 $177 $177
APR 3.50% 7.00% 11.00%
Loan Term 60 Months 60 Months 60 Months
Sticker Price $12,176 $11,186 $10,187
Money Down $2,435 $2,237 $2,037
Interest Paid $891 $1,683 $2,482