Cars have become more and more expensive, but if you are savvy in how you tackle the financing part of the equation, you will save a ton of money down the road. We enable you to apply for financing through our extensive network of dealers and lenders. More often than not, we can place our prospective borrowers with the right dealer or lender in real time.
Credit Acceptance for Pomona Applicants
- Have an income of no less than $750 each fourteen days.
- Offer at least 10% of the purchase price in advance.
- Opt for a lending term of no longer than 60 months.
- Finance a vehicle costing no more than 50% of your annual income.
Bad Credit Car Loans in Pomona
Credit score is very important when buying a car in Pomona. Has yours suffered in recent years? Choosing the best loan company in Pomona that approves people with bad credit is a must. After all, you don’t want to have your credit declined or be strapped with an excessive interest rate. Through us, you can contact an auto financing professional from a lender or dealer in Pomona who wants to finance your credit.
In order to receive a low interest rate, make sure that you look over your credit report for irregularities, which are quite common and can hurt your credit score.
Thankfully, it is pretty simple to challenge any such errors, and doing it could lead to:
- More affordable finance rates
- More affordable down payments
- Bigger loan principal
Buy Here Pay Here Car Lots in Pomona, California
When you have been through bankruptcy or repossession, a buy here pay here dealer may seem like a smart move. For the most part, dealer financing isn’t direct to the consumer, as car dealers work with banks and lenders with whom they have relationships to provide the loans. In contrast, BHPH dealers are the actual loan originator.
In most cases, used cars and trucks are the only thing on the lot, and dealers may have you have an remote kill-switch installed in your vehicle. Rates of repossession are high, much like the interest rates. Worst of all, these dealerships almost never report to the credit bureaus, so you could make every single payment in a timely manner without reviving your FICO score.
Pomona Income and Finances
- Gross annual Income: $31,252
- Monthly Income: $2,604
- Average Car Payment: $286
- Recommended Monthly Payment: $208 (8% of monthly income)
Purchasing a Car in Pomona: How Much to Spend?
In general, an appropriate finance package includes a down payment of 20%, car payment of 8% of monthly income, and a repayment term of 60 months or less. Provided an income of $2,604 each month, let’s check out how much car you could buy based upon your credit.
|Prime Credit||Average Credit||Poor Credit|
|Income Per Month||$2,604||$2,604||$2,604|
Your New Car is Waiting!
No matter your credit, we can help you find the funds you need. A finance specialist will walk you through the process, helping you secure a competitive rate.