Have you thought about getting your car loan pre-approved? You ought to, because it addresses a lot of the stumbling blocks from the car-buying process. For years, we’ve been cultivating relationships with dealers and lenders across the United States, which means we can help applicants get pre-approved for financing, even if their credit isn’t the best. Enjoy the convenience of working with a committed lending consultant to answer your questions and set up your loan.
Reasons Visalia Car-Shoppers Choose us
- Assistance from an experienced financing professional.
- No need to work out price and APR at the same time.
- Less time wasted on the lot when making the purchase.
- No money down often available to well-qualified credit seekers.
- Both new and pre-owned autos approved for financing.
Visalia Bad Credit Car Loans
For people with subprime credit, getting your car loan approved by a bank normally isn’t an option. Needless to say, you don’t want to spend your weekends looking for a bank or dealer in Visalia that works with subprime borrowers. We have the solution. At Golden West Auto Finance, we serve consumers all across the credit spectrum, helping them secure the loans they need.
Don’t forget that a car loan, if paid as agreed, can increase your credit score substantially. In order to steer clear of missed payments, consider options like automated payments. Settling on the ideal payment amount is vital. As one example, let’s say you earn $1,676 per month, the average for Visalia residents.
- 5% of Income: $84 (Ideal)
- 8% of Income: $134 (Okay)
- 10% of Income: $168 (Maximum)
Buy Here Pay Here Dealers in Visalia, CA
The BHPH industry continues to grow, mainly because so many consumers’ credit ratings took hits on account of the credit crunch and housing market. Such dealerships offer auto loans on location, whereas conventional dealers utilize third-party lenders, and they typically don’t perform credit checks. More often than not, preowned cars and trucks are the only ones offered, and these are not zero down car deals. Usually, the down payment matches what the dealer had to pay for the vehicle, and you could wind up paying thousands in finance fees through exorbitant rates. Worst of all, these dealers almost never report to the credit reporting agencies, and that means you could make each and every payment on a monthly basis without helping your credit score.
Visalia Income and Finances
- Income Per Annum: $20,111
- Income Per Month: $1,676
- Recommended Car Payment: $84 to $168 (5-10% of monthly income)
Visalia Car Loan Rates and Payments
Check out this chart displaying what car can be afforded with a payment of $134, 20% down payment, and 5-year term.
|Prime Credit||Average Credit||Subprime Credit|
|Income Per Month||$1,676||$1,676||$1,676|