Auto Loans in La Habra (CA)

As one of the top providers of vehicle lending services, we’re proud to help people in La Habra secure car loans, even if they are contending with common challenges:

  • Bad Credit
  • Zero Credit
  • High Debt-to-Income Ratio

Our company helps buyers in La Habra and across California, helping them put together their auto loans long before they visit the dealer. You will be led step-by-step through the auto financing process by a lending specialist in La Habra.

Benefits for La Habra Borrowers

  • Recommendations from an experienced finance professional.
  • Less time wasted haggling at the time of purchase.
  • Zero down often offered for qualified applicants.

Bad Credit La Habra Car Loans

Poor credit does have some repercussions, which often include:

  • Increased rates of interest.
  • Larger down payments.
  • Shortened lending terms.

Locating a loan company in La Habra who is an expert in bad credit is critical. Otherwise, you could be rejected or deal with an inflated APR rate. Through us, you can contact an automotive finance professional from a lender or dealer within driving distance who is ready to approve your loan.

Car Dealers in La Habra That Work With Bad Credit

Trying to find a car that will fit your needs and price range is crucial, , especially if you will have a high rate of interest thanks to bad credit.

If you apply through us, you can set up your funding arrangement with a lending professional, then schedule a time for you to visit the dealership and select the vehicle you want. Regardless of your credit, we can help you find a vehicle for which you can get approved. It’s best if the payments are roughly 5 to 10% of what you make per month before taxes. If you get paid $1,407 per month, this is a payment of $70 (5%) to $141 (10%).

La Habra Buy Here Pay Here Car Lots

The buy here pay here industry has grown in the past few years, largely because so many people’s credit scores took hits on account of the credit crunch and housing market. Dealers like these will approve just about anyone, regardless of their credit, but there are drawbacks. You will notice that used vehicles are the only thing you can buy, and dealers may make you have a GPS tracking device mounted in your vehicle. Repossession is frequent, and the interest rates are pretty ridiculous, they’re so high. Is boosting your credit important to you? Then you should submit your application through us, seeing as buy here pay here dealers will not help you strengthen your credit.

Loan Amounts for La Habra Consumers

The amount you’ll be approved to borrow is based on your credit and income. Check out these numbers for the average La Habra consumer who has a monthly income of $1,407.

Credit Score Multiplier Sum
Great Credit 10 $14,070
Fair Credit 9 $12,663
Slow Credit 8 $11,256
Bad Credit 7 $9,849
Very Bad Credit 6 $8,442

Just remember, there is the amount you could finance, and how much you should. In summary, the recommended finance package features a down payment of 20%, car payment of less than 10% of monthly income, and a repayment term of 5 years or less. Given an income of $1,407 a month, let’s see how much car you could buy based upon your credit.

Prime Credit Decent Credit Bad Credit
Car Payment $113 $113 $113
Rate 3.50% 7.00% 11.00%
Term Length 5 Years 5 Years 5 Years
Sticker Price $7,734 $7,106 $6,471
Down Payment $1,547 $1,421 $1,294
Total Interest $566 $1,069 $1,577

Ready to Get Rolling?

There are lenders and dealers who are standing by to approve you for financing. Chat with a lending professional in La Habra now.