Auto Loans in Hawthorne (CA)

Investing in a new car is a decision that will impact you on a daily basis for many miles to come, so it is imperative that you lock down the least expensive annual percentage rate you can. We have access to a vast network of lenders and dealers, and we have agents approve you for the financing you need. Experience the convenience of having a dedicated financing expert to help answer your questions and arrange your loan.

Why Get Your Loan Approved Ahead of Time?

  • Less stress and worry about credit approval.
  • Maximized negotiating power.
  • Schedule an appointment to select your car or truck.
  • Services are totally free.

Bad Credit Hawthorne Auto Loans

Traditional lending institutions like banks and credit unions usually fund loans only for individuals with scores of 700 or better. Getting a lending company in Hawthorne who specializes in bad credit is extremely important, as you don’t want to have your application rejected or be hit with an inflated interest rate. Through us, you can contact an auto finance professional from a dealer or lender within driving distance who is ready to approve you for financing.

Bad Credit Dealerships in Hawthorne

Searching for a car that will fit your needs and price range is of utmost importance, , particularly if you will have a high APR rate thanks to bad credit.

Dealerships have been known to charge more expensive rates than necessary, be sure to inquire about the rate offered by the lender. No matter your credit, there has to be a vehicle for which you can get a loan. It would be smart of you to opt for a payment that is approximately 5 to 10% of what you get paid per month pre-tax. If you make $1,402 per month, this is a payment of $70 (5%) to $140 (10%).

Hawthorne Buy Here Pay Here Dealers

Thinking about financing a car through a BHPH dealer on account of bad credit? Normally, there are better options. Such dealerships approve auto loans on the lot, in contrast to regular dealerships which make use of banks and credit unions, and they typically don’t carry out credit checks.

The fact is, you will be faced with high loan rates, high down payments, and vehicles that are too expensive for the number of miles they have. Is raising your credit a concern for you? Then you are better off applying through us, since BHPH car lots won’t help you rebuild your credit.

Hawthorne Consumer Profile

  • Income Per Year: $16,828
  • Monthly Income: $1,402
  • Average Car Payment: $154
  • Ideal Monthly Payment: $112 (8% of monthly income)

Vehicle Budgeting for Hawthorne Buyers

Take a look at this table, which displays what price car you can finance based on your FICO score, provided an income of $1,402 each month, 60 month term, and a down payment of 20%.

Prime Credit Decent Credit Subprime Credit
Monthly Income $1,402 $1,402 $1,402
Payment $112 $112 $112
Loan Rate 3.50% 7.00% 11.00%
Car Price $7,707 $7,080 $6,448
Down Payment $1,541 $1,416 $1,290
Loan Amount $6,165 $5,664 $5,159
Total Interest $564 $1,065 $1,571