Auto Loans in Whittier (CA)

The price of new cars has kept increasing, so it is crucial to make your purchase through a dealer you can depend on. Our team assists buyers in Whittier and throughout California, helping them find a dealer or lender able to approve them based on their income, credit, and down payment. It truly is difficult to envision an easier way to get your auto loan.

Lending Recommendations for Whittier Borrowers

  • Provide truthful information on your application.
  • Offer at least 10% up front.
  • Examine your credit report for mistakes.

Whittier Auto Loans for People with Bad Credit

Do you have a bad credit score as a result of such issues as delinquent bills, company layoffs, foreclosure, or bankruptcy? Finding a lending company in Whittier who specializes in bad credit is extremely important, or you could be declined or be charged an excessive interest rate. Through us, you can contact an auto finance specialist from a lender or dealer in Whittier who is ready to fund your loan.

Don’t forget that financing a car can boost your credit score and save you money on future loans.

On the flip side, one single missed payment can bring down your score substantially. Be sure to stick with an affordable monthly payment. Typically no more than 5-8% of your monthly income is recommended, or $124 to $198 if you bring in $2,481, the average in Whittier.

Buy Here Pay Here Car Lots in Whittier, CA

For those who have substantial credit problems on account of bankruptcy or repossession, a buy here pay here dealer could possibly appear to be a good option. In most cases, dealer finance is sourced elsewhere, as dealerships work with off-site banks and lenders to provide the loans, but buy here pay here dealers make approval decisions on location, generally with no credit check. Typically, higher-mileage vehicles are the only ones offered, and you may be asked to make payments weekly, at the lot. Repossession frequently occurs, and the interest rates are about as high as the law permits. For this reason, these car dealers have a sullied track record. We can place you with a reputable dealer who can get you the funds you need, even if you’ve experienced bankruptcy.

Whittier Consumer Profile

  • Per-Year Income: $29,772
  • Monthly Income: $2,481
  • Average Car Payment: $273
  • Optimal Monthly Payment: $198 (8% of monthly income)

Here we have a table depicting what car can be afforded with a payment per month of $198, 20% down payment, and 5-year term.

Good Credit Decent Credit Subprime Credit
Payment $198 $198 $198
Rate 3.50% 7.00% 11.00%
Repayment Years 5 5 5
Sticker Price $13,638 $12,530 $11,411
Down Payment $2,728 $2,506 $2,282
Total Interest $998 $1,885 $2,780