Auto Loans in Scotts Valley (CA)

Are you wary of purchasing a car on account of a low credit score? We can help. We allow you to submit your application through our system. You can expect to be led one step at a time through the process by a financing professional in Scotts Valley.

Benefits for Scotts Valley Borrowers

  • Dealers and finance companies forced to compete for your business.
  • Scheduled time to select your car.
  • Any and all credit scores welcome.
  • Wide range of used and new vehicles.

Bad Credit Car Loans in Scotts Valley

Maybe you have less-than-perfect credit on account of issues like outstanding bills, unemployment, repossession, or even bankruptcy? Although a bad credit score might make it challenging to purchase the car you’d like, it’s certainly not impossible. When you apply online through Golden West Auto Finance, our team works to match you with a lender or dealer in our network who wants to work with your credit.

Scotts Valley Bad Credit Car Dealerships

At a bad credit dealership in Scotts Valley or anywhere, your dealer will want to discuss financing before you look at vehicles.

To get the lowest rate you possibly can, remember to inquire about the rate quoted by the lender better known as the buy rate. Always make sure that your loan payment is not more than 10% of your income. For a consumer earning the Scotts Valley average of $3,562 of income on a monthly basis, this would be $356. Half that much, $178, is far better.

Scotts Valley Buy Here Pay Here Dealers

The BHPH industry keeps growing, largely because so many people’s credit scores were impacted by the economic crisis. They won’t carry out credit checks, which means your credit problems probably won’t be an impediment to getting approved, but chances are high you will pay more than you should for your vehicle and its loan.

You’ll find that higher-mileage vehicles are the only ones for sale, and these aren’t no down payment car loans. Normally, the down payment is less, but not much, than you would pay for the vehicle on the private market. Lending rates comparable to the state’s maximum legal limit are not uncommon. If improving your credit score is important to you, and why wouldn’t it be, you are better off applying through us, as buy here pay here dealers won’t aid you in boosting your credit.

Loan Amounts for Scotts Valley Residents

The majority of loan companies evaluate your credit and income to decide how much they will lend you. These numbers presume an income of $3,562 on a monthly basis, the average in Scotts Valley.

Credit Income Factor Loan Amount
Great Credit 10 $35,620
Average Credit 9 $32,058
Subprime Credit 8 $28,496
Bad Credit 7 $24,934
Very Bad Credit 6 $21,372

Just remember, there is the amount it’s possible for you to finance, and how much is wise.

Financing a Car with $285 Monthly Payment

In summary, the optimum car loan incorporates a down payment of 20%, car payment of 8% of monthly income, and term length of 60 months or less. Given an income of $3,562 a month, let’s look at how much you could spend given your credit.

Good Credit Okay Credit Bad Credit
Monthly Installment $285 $285 $285
APR 3.50% 7.00% 11.00%
Vehicle Price $19,580 $17,989 $16,383
Down Payment $3,916 $3,598 $3,277
Total Interest $1,433 $2,707 $3,991
Total with Interest $21,014 $20,695 $20,374

Submit Your Credit Application

If you have less-than-perfect credit, don’t fret. Submit your application, and we’ll get you approved. It’s fast, safe, and there’s no fee.