Auto Loans in Palm Springs (CA)

Cars can be very expensive these days, so it is extremely important to get the most affordable interest rate available for your credit. Our network of finance companies and dealerships is unrivaled, and we have some of the highest success rates in the market. Typically, we’re able to position our users with an appropriate lender or dealer in as little as 60 seconds.

Credit Acceptance for Palm Springs Borrowers

  • Have an income of not less than $1500 every month.
  • Provide a down payment of 10% or higher.
  • If you’ve got serious credit problems, ask somebody to co-sign the loan.

Bad Credit Palm Springs Auto Loans

Have below-average credit as a result of issues like delinquent debts, company layoffs, repossession, or bankruptcy? No one wants to deal with a credit denial. That’s why it is important to locate a dealer or lender in Palm Springs that provides auto loans for non-prime credit. Luckily, we serve clients with credit problems of all kinds, helping them secure the loans they need.

You want to buy a vehicle which fits your car loan, not the other way around, and your finance specialist should help you decide on the best vehicle.

To get the lowest rate possible, make sure you inquire about the buy rate. This is the rate offered by the lender before the dealer adds extra points for lining up the loan. In a perfect world, your loan payment should equate to just 5-8% of your monthly income. As an example, a resident of Palm Springs who makes $1,500 each month, the average, should plan to shell out just $75 to $120.

Palm Springs Buy Here Pay Here Car Lots

Thinking about heading to a buy here pay here dealer for a car that could be financed? Ordinarily, there are considerably better options. Such dealers provide auto loans on site, unlike traditional dealers which contract this, and they finance just about anyone. The fact is, you should expect high annual percentage rates, massive down payments, and well-used vehicles that are overpriced. Is raising your credit important to you? Then you should submit your application through us, since buy here pay here dealerships will not help you rebuild your credit.

Loan Amounts for Palm Springs Residents

Have a look at how much you’ll be eligible to finance given various levels of credit. We’ve provided a table depicting the maximum loans for someone with an income of $1,500 per month, the average in Palm Springs.

Credit Rating Income Factor Loan
Good Credit 10 $15,000
Average Credit 9 $13,500
Slow Credit 8 $12,000
Poor Credit 7 $10,500
Really Bad Credit 6 $9,000

The amount you can borrow, and the amount you really ought to, are two different things. How much you can shell out on a car hinges on many different variables. The estimations in the chart below are derived from payments of $120, which is 8% of the average consumer’s monthly income in Palm Springs, along with a 20% down payment and 60 month repayment terms. Rates are simply estimates.

Exceptional Credit Average Credit Subprime Credit
Monthly Payment $120 $120 $120
Rate 3.50% 7.00% 11.00%
Number of Months 60 60 60
Car Price $8,245 $7,575 $6,899
Money Down $1,649 $1,515 $1,380
Note Size $6,596 $6,060 $5,519
Interest Paid $604 $1,140 $1,681

Start Your Application Here!

There are lenders and dealers who are ready to approve your loan. Chat with an auto finance professional in your area today.