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Auto Loans in San Bernardino (CA)

Have you been thinking of getting your car loan pre-approved? You really should, as it often makes for a better rate of interest and far better terms. We make it easy to submit your application through our system. It is tough to imagine a better way to obtain the financing required for your new car.

Car Loan San Bernardino CA

San Bernardino Car Lots for Bad Credit

Bad credit scores have been on the rise since the market downturn, and many dealerships now have finance departments dedicated to helping people who have poor credit. In contrast to buy here pay here dealers, these dealerships offer:

  • Fair APR rates.
  • Manageable down payments.
  • New and pre-owned vehicles.

The dealer will use your credit and income to decide the models you can finance. It’s best to get yourself a vehicle that won’t strain your finances, with a payment that equates to 10% of your income or less. If you earn $856 monthly, this equates to a payment of $86. Submit an application to speak with an auto finance professional about how much car you can afford.

Purchasing a Car in San Bernardino with Zero Down

Need to get approved for a car, but you don’t have the funds for a down payment? Providing a down payment lowers the risk of the loan, as the lender will have an improved chance of recovering their losses if the vehicle must be repossessed. For you, the consumer, this often will lead to a decreased interest rate.

If you have less-than-perfect credit, it could be challenging to finance a car without a down payment. Be that as it may, keep in mind that your trade allowance could help you cover a down payment in lieu of cash.

Buy Here Pay Here Dealers in San Bernardino, CA

Buy here pay here dealers primarily work with people who have significant credit problems such as repossession and bankruptcy. Yes, they do not carry out credit checks, meaning bad credit probably won’t be an obstacle, but it’s likely that you’ll pay too much for this privilege. More often than not, used cars and trucks are the only models for sale, and you may need to have an ignition kill-switch mounted in your vehicle. Repossession frequently occurs, and the rates of interest are just plain exorbitant. Because of this, these dealers don’t have the best reputation.

We want to match you with a reputable dealer who can put you in the driver’s seat, even if you’ve been through bankruptcy and have a 550 credit score or lower. The key is our extensive network of “Berdoo” dealers and lenders. When you apply with us, we work to get you approved by a dealer or lender that offers better terms and rates than you could ever expect from a BHPH dealer. What’s more, the companies in our network will give you the opportunity to re-establish your credit–unlikely if you opt for in-house financing.

Cars in San Bernardino That Suit Your Budget

Want to know how much you should devote to a car? This chart demonstrates how much car the average San Bernardino consumer can afford based on an income of $856 each month, a car payment that amounts to 8% of this income, and a repayment term of 60 months–the maximum length you should consider.

Good Credit Okay Credit Bad Credit
Monthly Payment $68 $68 $68
Loan Rate 3.50% 7.00% 11.00%
Term Length 5 Years 5 Years 5 Years
Down Payment $941 $865 $787
Borrowed Funds $3,764 $3,458 $3,150
Interest Paid $344 $650 $959
Total Investment $5,050 $4,973 $4,896
Sticker Price $4,705 $4,323 $3,937

Used Cars for Sale in San Bernardino, CA

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