Before the internet, you needed to banks and lenders all over town, applying for loans to check rates. Here at Motive Auto Finance, we have made this process simpler, quicker, and more convenient. As opposed to waiting until you are in a high-pressure situation at the dealership, we enable you to get approved for a car loan in advance. It’s hard to find a more convenient way to obtain your auto loan.
Yuba City Car Dealers That Work with Bad Credit
For those who are trying to find a dealership that funds loans for individuals with poor credit, welcome to Motive Auto Finance: we can help you find one. As with all subprime loans, expect elevated rates of interest and bigger down payments, not to mention shorter length loans. However, the rates and terms are much more attractive than you would be offered at a used lot that does in-house financing with no credit checks. We work with many such dealerships, and they want to get you behind the wheel of the car you deserve. Go here to apply online.
The documents needed to secure an auto loan vary, but there is a general set of papers that will be expected at all dealers and lenders. Generally, your dealer or lender will want to see the following:
- Driver’s License
- Proof of Employment
- Proof of Insurance
- Proof of Residence
- Contact Information for Personal References
We might have overlooked something, so make sure you check the requirements with your dealer or lender before heading out to select your vehicle.
In House Financing Car Lots in Yuba City, CA
Referred to as in house financing, your job is your credit, or we tote the note car dealerships, these establishments typically have a few key features:
- These dealerships furnish car loans direct to the consumer.
- They rarely require credit checks.
- They demand weekly or biweekly payments, often at the lot.
Sometimes folks with really horrible credit believe that a buy here pay here car lot is the only real place that will finance them. However, California bad credit car loans from banks and credit unions typically feature less expensive rates.
Rules of Thumb for Buying a Car in Yuba City
In regards to your monthly car payment, it shouldn’t exceed 10% of what you make each month. Be careful, though, that you don’t get talked into exceedingly prolonged financing, which can lead to more interest and negative equity. Instead, strive to pay off your vehicle with the shortest term as is feasible. This equals a car that costs about half of your yearly income. If you earn $26,760 annually, the average for residents of Yuba City, you would buy a $13,380 vehicle. Most times, the less you’re able to spend to obtain a reliable car or truck, the better.