Auto Loans in San Mateo (CA)

A car is one of the largest assets in your life, so it’s vital that you secure the most affordable annual percentage rate available for your credit. Our team helps clients in San Mateo regularly who wish to get approved online for financing. We match you with a financing expert who can help you get the loan needed for the car you want.

Benefits of our System for San Mateo Car Buyers

  • Huge network of California dealers and lenders.
  • Don’t have to negotiate price and interest rate all at once.
  • Schedule an appointment to select your vehicle.
  • Zero fee for application.
  • New and pre-owned autos financed.

Buying a Car with Bad Credit in San Mateo

People with no credit problems benefit from minimal annual percentage rates and great terms, but some of us have struggled with credit problems as a result of the economic downturn. Far too many people settle for financing through a buy here pay here car dealership in San Mateo, due to a bankruptcy or other issues of this nature, but it’s quite possible you can get approved at a more affordable rate from a better company. When you submit your application through us, our team works to find you a lender or dealer within driving distance who wants to approve your credit.

Cleaning up Your Credit Report

Errors on an individual’s credit report have grown quite common. Have you ensured that your credit hasn’t been the victim of mistaken identity or human error?

You really ought to check your credit report a minimum of one time yearly. Not doing it could result in higher rates, smaller loans, and less chance for approval.

Buy Here Pay Here Financing in San Mateo, CA

People in the BHPH industry wants you to think that no place but them will finance you. However, this typically isn’t the way it is. They might not pull your credit, which means bad credit ought not be a hurdle to getting approved, but chances are you will pay more than you think by the time the dust settles.

Negatives include excessively high interest charges, money due at signing, and vehicle prices As if that weren’t a problem, these dealerships almost never report back to the credit bureaus, and that means you could make every single payment as agreed without helping your credit score.

Purchasing a Car in San Mateo: How Much You Can Finance

The stronger your credit, the bigger amount you can borrow, which also is true of your income. These numbers are based on an income of $4,967 monthly, the average for people in San Mateo.

Credit History Multiplier Sum
Excellent Credit 10 $49,670
Average Credit 9 $44,703
Slow Credit 8 $39,736
Bad Credit 7 $34,769
Terrible Credit 6 $29,802

However, there’s the amount you could borrow, and how much is a good idea. Have a look at this table depicting what car you can afford with a payment amount of $397, 20% down payment, and 60 month term.

Exceptional Credit Average Credit Subprime Credit
Income Per Month $4,967 $4,967 $4,967
Monthly Installment $397 $397 $397
Interest Rate 3.50% 7.00% 11.00%
Sticker Price $27,304 $25,084 $22,845
Down Payment $5,461 $5,017 $4,569
Total Interest $1,999 $3,774 $5,566