A bad credit rating can keep you from getting behind the wheel of a new car, but we can help you get financed. With so many California car loan companies unable to help people with bad credit, it could take quite a long time to find a lender without any help. Fortunately, we provide an advanced system for auto financing acceptance.
In just 60 seconds, we can put you in touch with a car lender in Hanford who wants to approve you for financing, no matter your credit.
Bad Credit Car Dealers in Hanford, California
Be sure to try to avoid buy here pay here lots, which have been denounced repeatedly for dishonest tactics of one kind or other. There are bigger, better-respected dealerships that cater to people who have bad credit, and in the process offer an improved financing experience. As with all subprime loans, expect:
- Steeper APR rates.
- More upfront cash required.
- Tougher lending terms.
But keep in mind, the rates and terms are a lot better than you would be given at one of Hanford’s buy here pay here dealers. There are a great number of dealerships in our network, and when you apply online, we connect you with one who wants to arrange your loan.
Validation Requirements for Hanford Borrowers
You may be asked to bring some documents with you as you go to sign for your new car or truck. Lenders often require the following:
- Identification: Driving License, Passport, or Birth Certificate
- Proof of Employment
- Proof of Insurance
- Proof of Residence
- List of Your Personal References
We might’ve left something out, so you’ll want to verify the requirements with your finance consultant.
Hanford Buy Here Pay Here Car Lots
Buy here pay here dealerships would love you to believe that you’ve got no option but them, yet this is hardly ever the case. These dealers will approve pretty much anyone, regardless of their credit, but you will find issues.
You will see that used cars and trucks are the only models available, and you may need to make payments weekly, at the lot. Repossession rates are extremely high, and so are the interest rates. There’s a good reason why these retailers don’t have a good track record. We can connect you with a reputable dealer who can get your loan funded, even if your credit is terrible.
Rules of Thumb for Buying a Car in Hanford
Your car payment, where to start? Find out how much is 10% of your monthly income, which is the most you should spend. At the same time, finance your new car or truck for no longer than 5 years. This equals a car which costs about 50% of what you earn on an annual basis. In Hanford, where the average income is $18,612 annually, this would be $9,306 to invest in a vehicle. Ultimately, the less you’re able to spend on a dependable car or truck, the better.