There are several different ways to get a car loan in Napa, but not many firms have improved the process like ours has. We’ve spent years cultivating relationships with dealers and lenders across the United States, and we specialize in getting you financed by the lender that suits you best. Enjoy the convenience of having a committed finance professional who can answer your questions and line up your loan.
Bad Credit Car Dealers in Napa, California
These days, many dealerships have finance departments devoted to special financing. When compared with a buy here pay here dealer, such dealerships are able to offer better lending terms and rates. The cars and trucks you can buy will be based on your monthly income and credit. We recommend you find a modest, reliable vehicle that has payments amounting to 10% of your income. If you make $2,773 a month, this is a payment of $277.
Submit your application to have a finance professional confirm how much car you can afford.
Will You Need a Down Payment?
Need to purchase a car, but you don’t have any money down? Down payments for pre-owned cars are a lot lower than those for brand new ones, which might affect your buying decision.
|New Car||1 Year Old Car||2 Year Old Car||3 Year Old Car|
If you’ve got a low credit score, it’s often tough to obtain a car loan with zero down. Be that as it may, don’t forget that trading in your used car or truck could make a down payment.
Buy Here Pay Here Car Lots in Napa, California
The BHPH industry continues to grow, mainly because so many consumers’ credit ratings suffered on account of the down economy. Dealers like these will approve practically anyone, regardless of their credit, but you will find negatives. Negatives include:
- Ridiculous Finance Fees
- Massive Down Payments
- Steeply-Priced Cars and Trucks
- Aggressive Repossession Tactics
There is a good reason that these retailers don’t have the best track record. We can place you in the hands of dealer finance professional who can get your loan funded, even if you have bad credit.
Financing Recommendations for Napa Car-Shoppers
Here’s a great guideline to follow: a maximum 10% of the income you earn on a monthly basis should be allocated to your loan payment. On top of that, finance your new car or truck for no more than 60 months. If you adhere to these guidelines, you will find yourself purchasing a vehicle that costs roughly half of what you get paid on a yearly basis. If you have an income of $33,280 a year, the average for residents of Napa, this would be a car costing $16,638. A new car or truck is an asset that depreciates, so you want to invest as little as you can and still buy a car that won’t cost you time and money in repairs.