If you’re interested in a new car, there’s a good chance you are going to need a car loan. We have access to a vast network of dealers and lenders, and we specialize in connecting you with the dealer that can get you in the car you want. It is difficult to envision an easier way to finance your next car.
Yakima Car Dealers for Bad Credit
It is best to stay away from buy here pay here lots, opting instead for bigger dealerships that work with people with credit problems, and in doing so provide a much better lending experience. Generally, these dealers offer:
- Interest rates that aren’t extortionate.
- Down payments that are fair given the vehicle’s value.
- Vehicles that are more reliable.
The types of vehicles you can finance will be determined by your income and credit score. We recommend you look for a vehicle that won’t stretch your budget, having a payment equal to 10% of your income–at maximum. If you make $1,700 a month, this translates to a payment of $170.
Submit an application to speak with a vehicle lending professional about your options.
New or Pre-owned Vehicle
Used and new cars each have their own merits. Given that new cars lose value so fast, you may be better off with a pre-owned vehicle.
|New Car||Pre-owned Car|
|Age||New||3 Years Old|
|Duration||60 months||48 months|
|Total Amount Paid||$18,799||$9,728|
Buy Here Pay Here Dealerships in Yakima, WA
Sometimes referred to as in house financing, your job is your credit, or we tote the note car dealers, these dealerships generally have a few principal features. They…
- Finance auto loans in house.
- Don’t check your credit.
- Want you to make payments every seven days, often in person.
For folks with really bad credit, Yakima in house financing car dealers are sometimes the only option. But the truth is, the cost of your car or truck will be inflated due to exorbitant rates of interest. As if that weren’t enough, it’s unlikely that your FICO score will improve as you repay what you owe. That is because these dealers rarely report back to Equifax, Experian, and Transunion.
Financing Recommendations for Yakima Car-Shoppers
Divide the amount you make per month, pre-taxes, by ten. You’ll want to spend no more than this on your car payment each month. Be careful, though, that you don’t get talked into a repayment period of 6 years or more, which can result in:
- Greater finance charges.
- Higher interest rate.
- Additional time spent upside down.
Instead, aim to pay off your vehicle in as little time as you can. This means a car or truck that costs around half of what you earn on a yearly basis (pre-tax). For Yakima residents, having incomes of $20,402 a year, the average, this is $10,200. Generally speaking, the less you’re able to spend on a trustworthy vehicle, the better.