Auto Loans in Inglewood (CA)

You are smart to research financing before heading to the dealership, given that it makes shopping for a car a much more simple process. Our industry partnerships are unequalled, and we are experts in getting you approved by the dealer who is most likely to fit your needs. Most of the time, we’re able to position our prospective borrowers with a willing lender or dealer even if their credit has been affected by bankruptcy or repossession.

Why Pre-Arrange Your Loan?

  • Dealers and finance companies vie for your business.
  • Scheduled appointment to purchase your car.
  • Zero application fees.

Bad Credit Car Loans in Inglewood

Have below-average credit on account of outstanding bills, company layoffs, foreclosure, or even bankruptcy? Naturally, you don’t want to spend your weekends struggling to find a bank or finance company in Inglewood that works with bad credit borrowers. Fortunately, we are dedicated to serving consumers at every point on the credit spectrum, helping them secure the loans they need.

Credit report issues are actually relatively commonplace. Have you checked that your below-average credit isn’t the result of such complications?

Each year, you can check your credit at no charge at Annual Credit Report, a site created by the leading credit bureaus, to be sure you get the rate of interest you deserve.

Inglewood Buy Here Pay Here Dealerships

Consumers turn to buy here pay here dealers, thinking that they can only get approved with no credit check. Not the case. Sure, they do not require credit assessments, meaning your credit problems ought not be a hindrance, but you will end up paying handsomely for this. Alas, you can look forward to excessive rates of interest, large down payments, and somewhat battered vehicles that are steeply-priced. And if that weren’t enough, these dealerships very rarely report to the credit bureaus, which means you could make all of your payments when they’re due without a boost to your FICO score.

Purchasing a Car in Inglewood: Loan Amounts

The better your credit, the more you can borrow. The same applies to your income. The following amounts are based on an income of $1,205 per month, the average among Inglewood consumers.

Credit History Multiplier Loan
Excellent Credit 10 $12,050
Fair Credit 9 $10,845
Slow Credit 8 $9,640
Bad Credit 7 $8,435
Very Bad Credit 6 $7,230

The truth is, it’s better to purchase a more affordable car than you actually could based on your income and credit. Below we have a chart showing what car you can afford with a payment amount of $96, 20% down payment, and 60 month term.

Excellent Credit Fair Credit Poor Credit
Monthly Income $1,205 $1,205 $1,205
Monthly Installment $96 $96 $96
APR 3.50% 7.00% 11.00%
Vehicle Price $6,624 $6,085 $5,542
Down Payment $1,325 $1,217 $1,108
Loan $5,299 $4,868 $4,434
Interest Paid $485 $916 $1,350

Ready to Get Financed?

There are dealers and lenders who are standing by to approve your credit. Submit your application, and we’ll get you approved. It’s quick, easy, and there’s no fee.