A lot of car-shoppers in Martinez and across California worry that credit problems will prevent them from financing a car. Our industry relationships are unmatched, and we have one of the highest success rates in the business. Generally, we can position car shoppers with a willing lender or dealer within minutes of application.
Martinez Dealerships That Finance Bad Credit
For anyone who is trying to find an auto dealer in Martinez that offers auto loans for poor credit, you’re in luck. In general, these dealerships offer:
- Interest rates that aren’t extortionate.
- Down payments that are realistic.
- New vehicles, not just used ones.
The dealer will use your credit and income to decide the specific cars you are eligible to finance. In order to avoid late payments or repossession, purchase an affordable, efficient vehicle with payments of just 10% of your income–at maximum. If you get paid $5,034 a month, this comes to a payment of $503.
An automobile finance consultant can help you determine how much you’re qualified to borrow, and at what rate of interest. Just go here to apply online.
No Money Down Auto Loans in Martinez?
A down payment is often a pain, but for those who have a bad credit score, it’s often a requirement. A down payment offers quite a few benefits:
- Reduces the length of time you’ll be under water.
- Smaller loan amount, so you’ll pay less in finance charges.
- Reduced risk for the lender, resulting in a lower APR.
Zero down car deals are no myth, but usually they trade in their old car or truck to satisfy the lender’s down payment criteria.
Martinez Buy Here Pay Here Financing
When you’ve got dealt with bankruptcy or repossession, buy here pay here financing may appear to be a smart move. These types of car lots grant auto loans on site, as opposed to conventional dealers which utilize off site lenders, and they finance just about anyone. The fact is, you should be prepared for high loan rates, huge down payments, and cars and trucks that are too expensive for the kind of shape they’re in. For this reason, these dealers have a bad reputation. Let us place you with dealer finance specialist who can get you approved, not matter your credit.
Financing Recommendations for Martinez Residents
In terms of setting your monthly payment, it shouldn’t be above 10% of what you make per month. On top of this, choose a 5-year loan at most. This translates into a vehicle which costs roughly half of your yearly income. For Martinez residents, having incomes of $60,402 a year, the average, this is an automobile costing $30,204. Ultimately, the less you can spend on a solid car, the better.