Auto Loans in Van Nuys (CA)

Are you wary of financing a car due to less-than-perfect credit? We’d be happy to help. Our company serves clients in Van Nuys and across California who want to locate a bank, dealer, or finance company who can accept them based on their income, credit, and down payment. Ordinarily, we can place car shoppers with an appropriate dealer or lender within seconds of application.

Why Pre-Arrange Your Loan?

  • Dealers and lenders forced to compete to fund your purchase.
  • Much less time spent in the dealer office at the time of purchase.
  • Zero down payment frequently available for eligible borrowers.

Van Nuys Car Loans for People with Bad Credit

There are all types of issues which can bring about a bad credit score: medical bills, foreclosure, going bankrupt, and more. Far too many consumers end up at a buy here pay here car dealership in Van Nuys, on account of going bankrupt or other such issues, but odds are you can get a car loan at a more affordable rate from a subprime auto finance company. Odds are we can match you with a dealer or lender in your area who wants to approve your credit.

Car Dealers for Bad Credit in Van Nuys

Because credit is your principal barrier, your sales rep will be inclined to discuss financing right from the start. Car dealers have been known to charge more expensive rates than necessary, you should ask the dealer the rate quoted by the lender. Basically, your car payment should be just 5-8% of your gross income on a monthly basis. As one example, a resident of Van Nuys who gets paid $1,593 on a monthly basis, the average, should plan to spend only $80 to $127.

Van Nuys Buy Here Pay Here Car Lots

Buy here pay here dealerships hopes you assume that you can’t get approved anywhere else, but this is seldom the case. These dealers will finance nearly anybody, regardless of their credit, but there are problems with sort of financing. Unfortunately, you should expect inflated annual percentage rates, expensive down payments, and well-used vehicles that are steeply-priced. If elevating your credit score is important to you, and it should be, you are better off applying through us, seeing as BHPH dealerships will not help you boost your credit.

Getting a Loan for a Car in Van Nuys: The Amount You Can Finance

Curious to know how much you can finance based on your income and credit? The following numbers assume an income of $1,593 per month, the average among Van Nuys residents.

Credit History Multiplier Loan
Great Credit 10 $15,930
Average Credit 9 $14,337
Slow Credit 8 $12,744
Bad Credit 7 $11,151
Terrible Credit 6 $9,558

Take note, however, that there is how much it’s possible for you to borrow, and how much you ought to. Have you wondered how much car you can finance? Check the table below, but remember that the rates have been approximated, and the amounts are derived from $19,118 in yearly income, the Van Nuys average. Loan length is 60 months.

Excellent Credit Average Credit Bad Credit
Payment $127 $127 $127
Loan Rate 3.50% 7.00% 11.00%
Vehicle Price $8,757 $8,045 $7,327
Money Down $1,751 $1,609 $1,465
Interest Paid $641 $1,210 $1,785

Ready to Get Approved?

Regardless of your credit, it’s our mission to help you get the funding you need. We charge no application fees, and you could be driving your new car or truck home before you know it.