Your FICO score is hugely important when financing a car, and fewer car-shoppers have been getting financed since the economic downturn. We allow you to find a bank or dealer that will not only lend you the funds you need, but do so at a competitive rate. We’ve built an unrivaled network of lenders and dealers that can get you behind the wheel of a new vehicle at a rate that won’t empty your wallet. All you need to do is apply online, and we’ll do our best to find you a dealer or lender in Fairfield who can approve you for financing.
Fairfield Car Lots for Bad Credit
You shouldn’t let credit stand in the way of your next car. We have access to dealerships in Fairfield that want to get you in the driver’s seat, regardless of your credit history. In general, these larger dealers offer:
- Interest rates that aren’t astronomical.
- Down payments that are realistic.
- New vehicles, as well as pre-owned ones.
Your income and credit will determine how much car you can afford. With below-average credit, you can borrow 6 to 8 times the amount you earn per month. For residents of Fairfield earning $2,418 per month, this is $14,508 to $19,344. However, you’d be wise to borrow less than you can, confining your monthly payment to 10% of your income–$242, in this situation.
A lending expert will determine how much you’re eligible to borrow, and at what interest rate. To get going, just apply online.
Should You Buy Your Vehicle New or Used?
Both new and used cars can be financed through us. Since new cars lose value so quickly, it’s sometimes best if you let someone else bite the bullet, and buy a car already has some mileage under its belt.
|New Car||Pre-owned Car|
Buy Here Pay Here Car Dealers in Fairfield, CA
Car lots in Fairfield that offer in-house financing are distinct from traditional dealerships in several key ways. They…
- Finance auto loans directly.
- Don’t require credit checks.
- Want you to make payments every seven days, often in person.
If you have really bad credit, Fairfield buy here pay here car lots are sometimes the only way to go. But the truth is, California subprime car loans from credit unions and banks typically come with lower rates.
Will This Help Your Credit?
If your credit isn’t very good, you may be scared that an auto loan will worsen it, but that is seldom what happens. Financing a car is a good way to improve your credit. How? Your payment history. It is a major part of the FICO scoring matrix, and financing a car means 3 to 7 years of payments. Your score will not increase the moment you pay off your loan. Rather, it will rise slowly and gradually as you keep paying your bills on time. In order to make sure you never miss a payment, consider an automated calendar reminder or automatic deduction from your bank account.