Auto Loans in Woodland Hills (CA)

Are you considering getting a car financed in Woodland Hills, but your credit isn’t immaculate? We’d be happy to help. Rather than waiting until you are in a high-pressure situation at the dealership, we allow you to line up a car loan in advance. You’ll be guided step by step through the auto financing process by a lending professional near you.

The Simplest Way to Get Approved in Woodland Hills

  • Extensive range of California dealers and lenders.
  • Much improved negotiating leverage.
  • A lot less time wasted at the dealer at the time of purchase.
  • No credit minimum to apply.

Woodland Hills Car Loans with Bad Credit

Credit score is a major factor when trying to finance a car, no matter where you live. Has yours weathered a few bumps along the way? Thankfully, there are finance companies and dealers in Woodland Hills that have experience serving credit-challenged consumers. Through us, you can contact a vehicle lending professional from a dealer or lender in Woodland Hills who wants to approve your credit.

Reports have shown that 20% of the American population have errors on their credit report, many of which bring on a lowered credit score

Make sure to check your credit history at least one time per annum. Not doing this could lead to higher rates, scaled-down loans, and less chance of being approved.

Woodland Hills Buy Here Pay Here Dealers

Buy here pay here car dealers ordinarily help people with serious credit problems like bankruptcy or foreclosure of a home. Dealers like these will finance practically anyone, regardless of their credit, but there are drawbacks. Customarily, preowned cars and trucks are the only ones offered, and these are not no money down car loans. In most cases, the down payment is close to what you would pay for the vehicle if you acquired it from a previous owner, and you could end up paying thousands in total interest through outrageous rates. Worse, these car lots almost never report to the credit reporting agencies, and that means you could make every single payment as agreed with no lift in your FICO score.

Securing Funds for a Car in Woodland Hills: Loan Amounts

Want to know how much you can borrow given your income and credit? These numbers use an income of $3,225 on a monthly basis, the average among Woodland Hills residents.

Credit History Income Factor Amount
Great Credit 10 $32,250
Decent Credit 9 $29,025
Subprime Credit 8 $25,800
Poor Credit 7 $22,575
Really Bad Credit 6 $19,350

The amount you can borrow, and the amount you should, should not be confused.

Financing a Car with $258 Monthly Payment

Are you wondering how much car you really can afford? Check the numbers below, but keep in mind that the interest rates have been estimated, and the amounts assume $38,702 in annual income, the average in Woodland Hills. Repayment term is 5 years.

Prime Credit Okay Credit Subprime Credit
Monthly Income $3,225 $3,225 $3,225
Monthly Payment $258 $258 $258
Loan Rate 3.50% 7.00% 11.00%
Sticker Price $17,728 $16,287 $14,833
Down Payment $3,546 $3,257 $2,967
Amount Borrowed $14,182 $13,030 $11,866
Interest Paid $1,298 $2,450 $3,614