Auto Loans in Sun City (CA)

Looking for a new or used vehicle? If you’re like the majority of consumers in Sun City, it’s likely that you will need a car loan to complete your purchase. Rather than waiting until you are in negotiations at the dealership, we allow you to get approved for a car loan in advance. It really is tough to envision an easier way to buy your next car.

Credit Approval for Sun City Car Buyers

  • You need to earn at least $325 on a weekly basis.
  • Offer at least 10% of the vehicle up front.
  • Inspect your credit file for problems.

Auto Loans in Sun City with Bad Credit

Bad credit leads to the following:

  • Steeper rates of interest.
  • Substantial down payments.
  • Shortened financing terms.

Nobody likes to deal with a credit denial. That’s the reason you have to find a dealer or lender in Sun City that finances bad credit. Luckily, we serve clients with credit problems of all kinds, getting them the loans they need.

Checking for Inaccuracies on Your Credit Report

Researchers now say that 1 in 5 individuals has at least one error on their credit report, which can result in a lowered credit score

Make sure you review your credit history at least one time per year. If you don’t, undisputed inaccuracies could bring about higher rates, smaller sized loans, and less chance for approval.

Buy Here Pay Here Dealerships in Sun City, CA

In house financing, better known as buy here pay here financing, has boomed in the past few years, largely due to the fact that so many consumers’ credit ratings suffered on account of the economic crisis. Such car lots approve credit lines on the lot, in contrast to conventional dealers which work with banks and lending companies, and they finance just about anyone.

You will notice that used autos are the only ones offered, and you may be required to pay weekly, in cash. Repossession rates are high, and so are the interest rates. If that weren’t enough of an issue, these dealers seldom report to the credit agencies, so you could make each and every payment as agreed without any lift in your credit score.

Loan Pre-approvals for Sun City Residents

Want to find out what size auto loan you’ll be able to get given your income and credit? These numbers incorporate an income of $3,690 monthly, the average among Sun City consumers.

Credit Multiplier Sum
Great Credit 10 $36,900
Average Credit 9 $33,210
Subprime Credit 8 $29,520
Bad Credit 7 $25,830
Really Bad Credit 6 $22,140

Truth be told, though, it’s advisable to finance a less expensive vehicle than you really can. The amount you can invest in a new car or truck is based on a plethora of factors. The estimates in the table below are derived from a monthly payment of $295, which is 8% of the average consumer’s monthly income in Sun City, as well as a 20% down payment and 60 month loan. Loan rates are approximated.

Exceptional Credit Fair Credit Subprime Credit
Income Per Month $3,690 $3,690 $3,690
Payment $295 $295 $295
Interest Rate 3.50% 7.00% 11.00%
Sticker Price $20,284 $18,635 $16,971
Money Down $4,057 $3,727 $3,394
Note Size $16,227 $14,908 $13,577
Interest Paid $1,485 $2,804 $4,135
Total Investment $21,769 $21,439 $21,106

Submit Your Finance Application

No matter your credit, we’d love to help you find the funds you need. A finance manager will guide you through the process, helping you secure a fair rate of interest.