Are you interested in a new or used vehicle, but you need to work out financing? We can help. We assist consumers in Mountain View and across California who wish to locate a dealer or lender who can accept them based on their income, credit, and down payment. We assign you a financing expert whose goal it is to get you approved for the car loan you need.
Finance Recommendations for Mountain View Consumers
- Be truthful on your application.
- Reduce your loan amount through a down payment.
- Inspect your credit history for errors.
- Choose a car or truck which costs just 20-50% of your annual income.
Bad Credit Car Loans in Mountain View
Poor credit has a few drawbacks:
- You will be forced to pay more in interest.
- You have to have a larger down payment.
- You have to finance for shorter terms.
You don’t want to deal with being declined for credit. For this reason you’ll want to look for a company in Mountain View that works with subprime credit. Fortunately, we serve clients at every point on the credit spectrum, getting them approved for the loans they need.
Auto loans can without a doubt contribute to an increased credit scores. Just make sure that you make each and every payment by the due date. Believe it or not, you may be able to refinance your vehicle once your score has climbed amply. You don’t want to overtax your finances with an excessive car payment. Typically 5-8% of your monthly income is appropriate, or $143 to $229 if you get paid $2,857, the average in Mountain View.
Buy Here Pay Here Dealers in Mountain View, California
The BHPH industry would like you to think that you can’t get financed anyplace but with them, yet this is rarely the case. As a rule, dealer finance is indirect, in that dealerships work with banks and lenders with whom they have relationships to provide the loans. By contrast, buy here pay here dealers become both dealer and lender.. More often than not, preowned cars and trucks are the only ones on the lot, and these aren’t no down payment cars. In most cases, the down payment is equivalent to what the dealer paid for the vehicle, and you could find yourself paying thousands more than you thought through outrageous rates. Is elevating your credit a priority for you? If so, you are better off applying through us, since BHPH dealerships won’t help you in raising your credit.
Mountain View Consumer Profile
- Income Per Year: $34,282
- Income Per Month: $2,857
- Optimal Car Payment: $229 (8% of monthly income)
Consider this table, which shows what price car you can get financed based upon your credit standing, provided an income of $2,857 a month, 60 month loan, and a down payment of 20%.
|Exceptional Credit||Okay Credit||Bad Credit|
|Income Per Month||$2,857||$2,857||$2,857|