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Auto Loans in West Hollywood (CA)

If you’re shopping for a new car, there’s a good chance you are going to need a car loan. Instead of waiting until you’re in a high-pressure situation at the dealership, we enable you to apply for a car loan in advance. Expect to be guided one step at a time through the auto financing process by a financing professional near you.

Bad Credit Car Dealers in West Hollywood, CA

For people with problematic credit, dealer financing is typically your best bet, because the majority of banks in West Hollywood won’t be able to accept your application. There are dealers, however, with finance consultants who can help you secure financing. In any sub-prime financing scenario, expect increased rates of interest, more substantial down payments, and shorter lending terms. But keep in mind, the rates and terms are a lot better than you would be given at a buy here pay here dealer. Here at Motive Auto Finance, we work with many of these dealerships, and they want to get you approved for the car you want. Just go here to apply online.

New or Used Car

It gets asked time and time again: is a new or used vehicle better? Given that new cars depreciate so fast, you might want to consider a used vehicle.

New Car Used Car 1 Used Car 2 Used Car 3
Years Old 0 1 2 3
Price tag $33,150 $24,863 $19,890 $16,575
Down Payment $6,630 $2,486 $1,989 $1,658
Interest Rate 5.00% 7.50% 7.50% 7.50%
Length 60 months 48 months 48 months 48 months
Payment $500.47 $541.03 $432.83 $360.69
Interest $3,508 $3,593 $2,875 $2,396
Total Investment $36,658 $28,456 $22,765 $18,971

Buy Here Pay Here Auto Loans in West Hollywood, CA

Have you considered going to a buy here pay here dealer for approval? Usually, there are better alternatives. Dealers like these will approve almost anybody, no matter their credit, but you will find problems with sort of financing.

You will find that higher-mileage autos are the only models available, and you may need to have a GPS tracker placed in your vehicle. The rates of vehicles being repossessed are high, much like the interest rates. Is improving your credit one of your goals? Then you should contact a finance specialist through us, as BHPH dealerships won’t help you in improving your credit.

Credit Repair for West Hollywood Consumers

This might sound like empty hype, but it isn’t: not only does a car loan help you purchase the car you want, it can transform your credit rating. Taking out and paying off an installment loan, on time and as agreed, demonstrates that you are an excellent person to invest in, which means lower interest rates and more beneficial terms when you need them. You really can’t miss a payment, since this can have the opposite effect: a damaged credit score. Of course, the potential benefits to an improved score are tremendous:

  • Lower APR rates.
  • Less expensive insurance premiums.
  • Down payments often waived.
  • Better chances of loan approval.

New and Used Cars from West Hollywood Dealers

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