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Auto Loans in Nampa (ID)

A car, truck, or SUV is among the most expensive investments in life, so it is important to set up your financing through lender you can trust. For years, we’ve been cultivating relationships with dealers and lenders across the United States, and we have finance professionals set and ready, awaiting your application. We connect you to a finance expert whose mission is to get you approved for the car you want.

Car Loan Nampa ID

Bad Credit Car Dealerships in Nampa, ID

Dealers that help car-buyers with credit problems are usually referred to as bad credit car dealerships. Any time you have less-than-perfect credit, there are certain things to be expected:

  • Greater interest rates.
  • Much bigger down payment requirements.
  • Smaller loan amounts.

On the other hand, remember you’ll be getting not only a car, but also the opportunity to increase your credit score. Here at Motive Auto Finance, we work with many of these dealerships, and you can get pre-approved by applying online.

Choosing a Vehicle: New versus Used

A lot of car-buyers in Nampa don’t know loans are available for both new and used vehicles. More often than not, a used vehicle is the better choice. The rates of interest for new cars are low, yes, but pre-owned cars are significantly cheaper.

New Car Used Car 1 Used Car 2 Used Car 3
Years Old 0 1 2 3
Price $18,440 $13,830 $11,064 $9,220
Down Payment $3,688 $1,383 $1,106 $922
APR 5.00% 7.50% 7.50% 7.50%
Term 60 months 48 months 48 months 48 months
Monthly Installment $278.39 $300.95 $240.76 $200.64
Finance Fees $1,951 $1,999 $1,599 $1,333
Amount Paid $20,391 $15,829 $12,663 $10,553

Buy Here Pay Here Car Lots in Nampa, ID

Generally known as in house financing, your job is your credit, or we tote the note car dealerships, these businesses typically have a few principal features:

  • These dealers supply auto loans directly.
  • They don’t check your credit.
  • They want you to pay them each week, often in person.

If you have really bad credit, Nampa buy here pay here dealerships are often the only option, even though the interest rates are much higher than you’d be given by a conventional lender. Aside from that, they seldom report payments to the credit reporting agencies. This means your FICO score isn’t likely to go up as a result of the loan.

What Car Should You Buy?

Never buy a car that stretches your budget. The following table demonstrates how much car the average Nampa consumer can afford based on an income of $1,844 per month, a car payment that’s 8% of this income ($148), and a term of 60 months.

Excellent Credit Okay Credit Subprime Credit
Payment Amount $148 $148 $148
APR 3.50% 7.00% 11.00%
Money Down $2,027 $1,863 $1,696
Interest Paid $742 $1,401 $2,066
Total Investment $10,878 $10,714 $10,547
Car Price $10,136 $9,313 $8,481

Used Cars in Nampa, ID


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