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Auto Loans in Porterville (CA)

Car loans with bad credit in Porterville – it’s our specialty. Considering how many banks and finance companies are still unwilling to work with people with poor credit, it could take longer than you’d like to find a lending company without expert assistance. The good news is, we are here to lend a hand.

When you apply, we can find you a financing expert who will work hard to find you the car loan you need.

Bad Credit Car Dealerships in Porterville, CA

Have you considered where to buy your new car? When you’ve got weak credit, private party auto loans are usually not available. Chances are you’ll have to buy from a dealership. Luckily, there are dealerships that cater to adverse credit. In any subprime financing arrangement, expect higher interest rates and higher down payments, not to mention shorter length loans. However, the experience is superior to that of a buy here pay here dealer, and your vehicle will in all probability cost you less in the long run. At Motive Auto Finance, we work with many such dealerships, and when you apply online, we work hard to match you with one who wants to get you the loan you need.

New or Used: What’s Best?

Have you decided whether you’re in the market for a new or used car? It’s something to think about. In a lot of cases, a pre-owned car is the way to go. The APR rates for new cars are more affordable, but used vehicles are significantly less expensive.

New Car Used Car 1 Used Car 2 Used Car 3
Years Old 0 1 2 3
Price tag $12,910 $9,683 $7,746 $6,455
Down Payment $2,582 $968 $775 $646
APR 5.00% 7.50% 7.50% 7.50%
Years 5 4 4 4
Monthly Installment $194.90 $210.70 $168.56 $140.47
Finance Fees $1,366 $1,399 $1,120 $933
Total Paid $14,276 $11,082 $8,866 $7,388

Your Job is Your Credit Dealerships in Porterville, CA

Generally known as in house financing, your job is your credit, or we tote the note car dealers, these businesses typically have a few principal features. They…

  1. Approve auto loans in house.
  2. Don’t check your credit.
  3. Want you to make your car payments each week, often in person.

Many men and women with really terrible credit feel like a buy here pay here car lot is the only real place that will approve their credit. But keep in mind, the loan rates are much higher than a loan from the bank. At the same time, they seldom report payments to the credit reporting agencies, meaning your FICO score will not increase as a result of the loan.

How Much You Ought to Spend on a Car

Make sure you don’t buy a car or truck costs too much. Just 8% of your income each month ought to be spent on your car payment. For a person living in Porterville bringing in $1,291 a month, the city average, this would be $103.

Great Credit Decent Credit Subprime Credit
Income $1,291 $1,291 $1,291
Payment Amount $103 $103 $103
APR 3.50% 7.00% 11.00%
Money Down $1,419 $1,304 $1,188
Interest Paid $519 $981 $1,447
Total Paid $7,616 $7,501 $7,384
Sticker Price $7,097 $6,520 $5,938

Cars from Porterville Dealers

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