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Auto Loans in Sun Valley (CA)

When it comes to getting a car loan in Sun Valley, the advantages of our service are unparalleled in the market. Our team serves buyers in Sun Valley each and every day, helping them discover a lender or dealer willing to approve their credit. We place your application with a financing professional whose goal it is to get you approved for the car loan you need.

Car Loans Sun Valley CA

Bad Credit Car Dealers in Sun Valley, California

You might want to stay clear of buy here pay here dealers, financing instead through bigger, better-respected dealerships that arrange loans through banks, credit unions, and finance companies–all of which are more heavily regulated by state and federal agencies. As compared to a BHPH dealer, such dealers are able to offer better loans. You may not be eligible to finance the higher-priced cars on the lot. With a low credit score, you can borrow six to eight times your monthly income. For the Sun Valley consumer earning $1,722 each month, this is $10,332 to $13,776. That said, only 8% of your income ($138, in this case) should be devoted to your car payment, which will very likely make for a smaller loan.

A dedicated finance consultant can help you determine how much you can borrow, and at what interest rate. To begin, just apply online.

Have You Got a Down Payment?

A down payment might be a challenge, but for people with a low credit score, it’s sometimes necessary. When financing a car, you commence a race with depreciation. If the vehicle isn’t worth as much as what’s owed on it, then you have negative equity. A down payment gives you a head start against depreciation–particularly significant if you’ve been charged a high interest rate. It’s not impossible to secure a car loan in Sun Valley without a down payment, particularly if you have an above-average credit score. Submit an application online to speak to a qualified finance specialist for more details.

Buy Here Pay Here Dealers in Sun Valley, CA

Car lots in Sun Valley that offer on-the-lot financing differ from regular dealerships in certain crucial ways:

  • They grant car loans on site.
  • They do not perform credit checks.
  • They want you to make payments each week, often at the lot.

Sometimes consumers with really terrible credit believe that an in house financing car lot is the only real place that will be willing to finance them, even though the interest rates are much higher than a bank loan. Also, they don’t often report payments to the credit agencies, which means your FICO rating will not go up as a result of the loan.

Cars in Sun Valley That Fit Your Budget

It is important to pick a car or truck that suits your finances. The following table demonstrates how much car the average Sun Valley consumer can afford based on a monthly income of $1,722, a car payment equal to 8% of this income, and a term of 60 months.

Excellent Credit Fair Credit Poor Credit
Monthly Income $1,722 $1,722 $1,722
Monthly Payment $138 $138 $138
Interest Rate 3.50% 7.00% 11.00%
Down Payment $1,893 $1,739 $1,584
Interest Paid $693 $1,308 $1,930
Price with Interest $10,159 $10,005 $9,850
Purchase Price $9,466 $8,696 $7,920

Used Cars for Sale in Sun Valley, CA

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