Have you thought about getting pre-approved for financing? It’s a good idea, as it often leads to a more affordable APR rate and more advantageous terms. For years, we’ve been building a network of dealers and lenders across California, and we have specialists standing by, expecting your application. It truly is hard to imagine an easier way to secure the financing you need.
New and Pre-owned Cars in Pittsburg
At Golden West Auto Finance, we help customers purchase both new and used vehicles. Take a look at these figures, demonstrating what it would cost you to finance a $40,440 car as it gets older, from new to three years old.
|New Car||1 Year Old Car||2 Year Old Car||3 Year Old Car|
|Percent of Original Price||100%||75%||60%||50%|
|Length||5 years||4 years||4 years||4 years|
As you can see, a brand new car loses half of its value after three years, which means you can often find a great deal on a car that’s a few years old. In the end, the choice is yours.
Financing a Car in Pittsburg with Bad Credit
Bad credit is not without repercussions, which typically include:
- Higher rates of interest.
- Larger down payments.
- Shortened lending terms.
Getting a lending company in Pittsburg who finances bad credit is vital. After all, you don’t want to get denied or be charged an outrageous interest rate. Through us, you can contact an auto financing specialist from a dealer or lender in our network who is willing to work with your credit.
A car loan can definitely raise your credit ratings. But needless to say, you need to make all of the payments and don’t miss any. Just be sure not to miss a payment, as it can lower your score substantially. You really ought to settle on a reasonably priced monthly payment. Typically no more than 5-8% of your monthly income is healthy, or $202 to $324 if you make $4,044, the average in Pittsburg.
Pittsburg Buy Here Pay Here Car Lots
People young and old go to buy here pay here dealers, often called your job is your credit dealers, believing they will only be able to finance a car with no credit check. Not the case. These types of dealerships grant auto loans on location, in contrast to conventional dealerships which utilize one of their affiliated lenders, and they typically don’t check your credit.
Regrettably, you can look forward to inflated interest rates, huge down payments, and somewhat battered vehicles that are steeply-priced. For this reason, these retailers don’t have a great reputation. We want to connect you with dealer finance specialist who can put you in the driver’s seat, even if you’ve experienced bankruptcy.
Pittsburg Consumer Profile
- Annual Income: $48,523
- Monthly Income: $4,044
- Typical Car Payment: $445
- Ideal Car Payment: $202 to $404 (5-10% of monthly income)
Have a look at this chart, which displays what price car you can afford based upon your credit score, with an income of $4,044 each month, 60 month loan, and 20% down.
|Prime Credit||Average Credit||Subprime Credit|