Auto Loans in La Puente (CA)

Are you wary of purchasing a car on account of bad credit? We’d be happy to help. We work with a vast network of dealers and lenders, and we specialize in getting you financed by the lender who is most likely to fit your needs. You will be led step by step through the process by a finance specialist based where you live.

Credit Approval for La Puente Car Buyers

  • Be as truthful as possible when submitting application.
  • Supply a down payment of 10% or more.
  • Get yourself a co-signer for your loan.
  • Get a car or truck that costs just 20-50% of your annual income.

Bad Credit La Puente Auto Loans

Credit score is of utmost importance when buying a car not just in La Puente, but everywhere. Has yours seen better days? No one likes to deal with rejected credit, so you should look for a company in La Puente that finances bad credit. Through us, you can contact an auto financing specialist from a dealer or lender in our network who is ready to finance your credit.

A primary percentage of your credit score relies on your payment history, and making payments on your new car loan can help you increase your credit. In an attempt to steer clear of missed payments, explore options such as scheduled payments. Make sure to stick with a budget friendly monthly payment. Typically no more than 5-8% of your monthly income is recommended, or $140 to $225 if you earn $2,809, the average in La Puente.

Buy Here Pay Here Financing in La Puente, California

Thinking about going to a buy here pay here dealer for a car that could be financed? Typically, there are considerably better alternatives. These car lots grant credit lines on site, as opposed to regular dealers which work with banks and finance companies, and they are more focused on your job than your credit. Typically, preowned vehicles are the only models you can buy, and these are not zero down car loans. In most cases, the down payment is what the dealer had to pay for the vehicle, and you could find yourself paying thousands in finance fees through excessive rates. Is boosting your credit a priority for you? If so, you are better off applying through us, seeing as BHPH car lots won’t assist you in restoring your credit.

La Puente Consumer Profile

  • Income Per Annum: $33,710
  • Monthly Income: $2,809
  • Recommended Monthly Payment: $140 to $281 (5-10% of monthly income)

Vehicle Budgeting for La Puente Residents

In summary, the recommended funding arrangement incorporates a down payment of 20%, car payment of 8% of monthly income, and a repayment term of 5 years or less. Provided an income of $2,809 monthly, let’s check out how much you could spend based upon your credit.

Excellent Credit Okay Credit Subprime Credit
Monthly Installment $225 $225 $225
APR 3.50% 7.00% 11.00%
Car Price $15,441 $14,186 $12,919
Down Payment $3,088 $2,837 $2,584
Total Interest $1,130 $2,134 $3,148