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Auto Loans in Redwood City (CA)

In the past, you had no choice but to lender after lender, applying for loans by hand. At Motive Auto Finance, we have brought this process online. We help shoppers in Redwood City daily who wish to get approved online for financing. You’ll be led step-by-step through the auto financing process by a financing specialist near you.

Car Loan Redwood City CA

Bad Credit Car Dealerships in Redwood City, CA

Have you considered where to buy your next car or truck? If you have adverse credit, private party auto loans are generally out of the question. Chances are you’ll have to buy your vehicle from a local dealership. Thank heavens there are dealerships that finance bad credit. As with all subprime loans, expect steeper interest rates and larger down payments, plus smaller loans. However, they will get you approved for financing through banks and finance companies that submit information to the credit agencies, providing you with the ability to strengthen your credit score. We have many of these dealerships in our network, and you can get paired with one by submitting your application.

Your Choice of Vehicle: New versus Pre-owned

Many shoppers can finance a new or used vehicle, but what’s best? Because new cars depreciate so quickly, it’s sometimes a better idea to let another buyer take the hit, and buy a car already has some mileage on it.

New Car Used Car
Age New 3 Years Old
Price $52,630 $26,315
Down Payment $10,526 $2,632
Interest Rate 5.00% 7.50%
Length 5 years 4 years
Payment $794.55 $572.64
Interest Paid $5,569 $3,803
Total Outlay $58,199 $30,118

Buy Here Pay Here Car Lots in Redwood City, CA

Buy Here Pay Here Car Dealerships in Redwood City California
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Car dealers in Redwood City that offer in-house financing have several common characteristics:

  • They furnish auto loans on location.
  • They don’t pull your credit.
  • They demand weekly or biweekly payments, often in person.

Countless folks with really terrible credit believe that an in house financing car lot is the only real establishment that will finance them. But keep in mind, there are a couple of negatives:

  • High Rates Of Interest
  • High Down Payments
  • Lack of Ability to Improve Credit Score

Rejuvenating Your Credit in Redwood City

If your credit isn’t perfect, it’s likely you’ll be considering ways to increase it. In reality, financing a car is one of the most powerful ways to improve your credit. The crucial element is payment history, an essential component of the FICO scoring matrix. And of course, an auto loan provides 36-72 months of payments. And as you can imagine, this is a two-edge sword: you can further damage your credit if you fall behind on your payments. To be sure you don’t miss any of your payments, consider an automatic calendar reminder or pre-arranged deductions from your banking account.

Used Cars in Redwood City for Sale

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