If you want a car loan in Redding, you should work with professionals like us. For years, we’ve been cultivating relationships with dealers and lenders across the state of California, and we have some of the highest rates of approval in the industry. It is difficult to envision a more convenient way to finance your next car.
Bad Credit Car Dealerships in Redding, CA
If you suffer from credit problems, dealer financing is often the way to go, because most banks in Redding will be unwilling to lend you the funds you need. There are dealers, however, that want your business. As compared with a buy here pay here dealer, such dealers offer less expensive rates and better terms. Your income and credit will determine the cars you’re eligible to finance. With a low credit score, you can borrow six to eight times the amount you earn on a monthly basis. For the Redding resident earning $1,750 each month, this is $10,500 to $14,000. That said, you’d be wise to borrow a limited amount, reducing your monthly payment to 10% of your income–$175, in this situation.
An automobile finance professional is standing by, waiting to determine how much you’re eligible to borrow, and at what rate of interest. To get going, all you have to do is apply online.
New or Pre-owned: Decided Yet?
Have you thought about whether you want a used or new vehicle? Since new cars depreciate so fast, used vehicles tend to be a better value.
|New Car||Pre-owned Car|
|Age||New||1 Year Old|
|Duration||5 years||4 years|
Buy Here Pay Here Dealers in Redding, CA
- A J Imports: 2010 Railroad Avenue
- Auto Discount Club: 3121 Churn Creek Road
- Auto West Imports: 2110 Pine Street
- Budget Auto Center: 380 East Cypress Avenue
- Crown Motors: 555 Cypress Avenue
- Nor Cal Auto Center: 1954 Market Street
- Perrys Automotive: 660 Twin View Boulevard
- Taylor Motors, Inc: 2525 Churn Creek Road
- Valley Auto Wholesale: 1155 Market Street
- Westwood Motors: 6750 Westside Road
Car dealers in Redding that advertise buy here pay here financing are distinct from regular dealerships in some key ways. They…
- Finance car loans direct to the consumer.
- Rarely check your credit.
- Want you to make payments every seven days, often in person.
For people with horrible credit, in house financing car lots in many cases seem like the only option. However, they are known to engage in tactics that are borderline predatory, and the relative lack of state and federal oversight of these dealers makes them a bit risky as a consumer. What’s more, they require a significant amount of money down for their vehicles, and the interest rates are always high–often as high as the state allows. Poor credit car loans from banks and credit unions typically involve more affordable rates, and they give you the opportunity to boost your credit score by making payments on time–something you won’t experience in any BHPH purchase.
Fortunately, we can put you in touch with a finance specialist who can help you arrange financing through a credit union or lender, despite your lack of good credit. Simply go here to apply online.
Guidelines for Financing
Take 10% of what you make per month, before taxes. You’ll want to spend no more than this on your monthly car payment. Additionally, aim to repay your loan in no more than 60 months. If you follow these two rules of thumb, you will find yourself financing a car or truck that costs approximately 50% of your annual income. If you earn $20,996 per annum, the average in Redding, you would buy a car that costs $10,500. Basically, the less you can spend on a reliable vehicle, the better.