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Auto Loans in Eau Claire (WI)

Increasingly, people in Eau Claire are lining up their financing before heading to the car lot, because it eliminates almost all of the headaches from the car-shopping experience. We make it easy to submit your application via our secure platform. We put you in touch with a credit professional whose mission it is to get you approved for the car you want.

Bad Credit Car Dealerships in Eau Claire, WI

Car dealerships that specialize in sub-prime financing are often referred to as bad credit car dealers. Any time you have adverse credit, you can expect more expensive interest rates, bigger down payments, and stricter repayment conditions. On the other hand, they will get you approved through banks and finance companies that submit information to the credit bureaus–essential if you wish to re-establish your credit. There are many such dealerships in our network, and they want to get you the car you deserve. Just go here to submit your application.

Eau Claire Auto Finance Rates: Keeping Them Low

APR rate is crucial if you want to limit the total amount you pay for your vehicle. Let’s look at one example: you would pay $1,794 in interest on a loan of $19,602 financed for 60 months at an interest rate of 3.50% APR. At 7.00% APR, you’d pay $3,687, and at 11.00%, a whopping $5,970. Moreover, your payment would go from $357 to $426.

First of all, uncovering and disputing any errors on your credit report can give your credit a boost, and we all know that increased scores result in lower rates. Also, by paying off any existing debt you will lessen your debt-to-income ratio, making it possible to obtain a lower rate of interest. Securing a shorter-term loan will also keep your rate lower, and it will also help you combat negative equity. Lastly, how much of a down payment are you planning to offer? The bigger your down payment, the more affordable your rate of interest.

Buy Here Pay Here Auto Loans in Eau Claire, Wisconsin

The buy here pay here industry continues to grow, mainly because so many people’s credit ratings suffered on account of the economic crisis. These car lots provide auto loans on location, while traditional dealers contract this, and they finance just about anyone.

Sadly, you will be faced with high loan rates, huge down payments, and well-used vehicles that are steeply-priced. Is strengthening your credit a priority for you? If so, you are better off applying through us, since buy here pay here car lots won’t help you restore your credit.

Cars in Eau Claire That Suit Your Budget

You may find that you’re qualified to finance a higher priced vehicle than you can really afford. Have a look at the scenarios that follow, which reveal how much car the average Eau Claire consumer can afford based on a monthly income of $2,178, a car payment equivalent to 8% of this income ($174), and a term of 5 years.

Exceptional Credit Decent Credit Bad Credit
Monthly Income $2,178 $2,178 $2,178
Payment $174 $174 $174
Interest Rate 3.50% 7.00% 11.00%
Months 60 60 60
Down Payment $2,394 $2,200 $2,003
Note Size $9,578 $8,799 $8,014
Interest Paid $876 $1,655 $2,441
Price with Interest $12,849 $12,654 $12,458
Vehicle Price $11,972 $10,999 $10,017

Cars in Eau Claire


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