Auto Loans in Lakeview (TX)

Cars have become ever more expensive over the years, so it is critical to work with a dealer you trust. We make it easy to submit your application via our secure platform. We place your application with a finance professional whose primary objective is to get you approved for the car you want.

Lakeview Auto Loans for New Cars

New vehicles are not really economical, and they depreciate at an incredible rate. Therefore they are best avoided unless you are a specific kind of borrower.

  • You don’t plan to trade in the car before it is paid off.
  • You’ll be able to offer a large down payment.
  • You’re prepared to deal with a car that is worth less than you owe .

The average new car loan lasts 5 years, so if you like to buy a new car after each couple of years, you should look at leasing, not financing.

Financing a Preowned Car in Lakeview

Nowadays, a pre-owned car winds up being a far better deal than a brand new one. The finance fees for used vehicles are somewhat higher, but this outlay is made up for in lower sticker prices and rates of depreciation. Maintenance concerns can be relieved by buying a vehicle that is still under warranty or obtaining a new service contract. In the end, a used car will put less stress on your budget.

Auto Loans in Lakeview with Bad Credit

Banks usually only finance those with prime or super prime credit ratings. That is, scores of 700 or better. You don’t want to deal with rejected credit. Because of this, it is important to find a lender or dealer in Lakeview that helps people with non-prime credit.

Through us, you can contact an automotive finance professional from a lender or dealer in our network who wants to accept you as a client.

Studies have shown that 20% of Americans have errors on their credit report, which can bring about a decreased credit score

Thankfully, it is simple enough to notify the credit bureaus of any kind of irregularities, and it could help you secure:

  • Reduced APR rates
  • Lesser down payments
  • Bigger loan principal

Lakeview Buy Here Pay Here Financing

Perhaps you have considered heading to a buy here pay here dealer for a car that could be financed? Normally, there are more attractive alternatives. It’s true, they don’t carry out credit assessments, so bad credit ought not be an impediment to getting approved, but you will end up paying handsomely for this. Negatives include ridiculous rates of interest that frequently match the state’s maximums, as well as high rates of repossession For this reason, these car dealers have a sullied reputation. We can place you in the hands of subprime finance professional who can put you in the driver’s seat, regardless of your credit.

Buying a Car in Lakeview: What Amount Can You Borrow?

The amount you can finance will depend on how much money you make, and how high or low your credit score is. The following figures are based on an income of $2,226 monthly, the average in Lakeview.

Credit Score Income Factor Loan
Great Credit 10 $22,260
Decent Credit 9 $20,034
Temporary Bad Credit 8 $17,808
Poor Credit 7 $15,582
Really Bad Credit 6 $13,356

How much you can borrow, and how much is financially responsible, are two separate things.

Auto Loans at $178 per Month

Check out this chart, which displays what price car you can finance based upon your credit rating, with an income of $2,226 on a monthly basis, 5 year loan, and 20% down payment.

Great Credit Fair Credit Subprime Credit
Monthly Income $2,226 $2,226 $2,226
Monthly Payment $178 $178 $178
Interest Rate 3.50% 7.00% 10.00%
Years 5 5 5
Purchase Price $12,236 $11,242 $10,477
Down Payment $2,447 $2,248 $2,095
Total Interest $896 $1,691 $2,303
Price with Interest $13,132 $12,933 $12,780

Complete Your Application Online!

If your credit score isn’t very good, don’t worry. We will place your application with a finance consultant from a dealer or lender in your area.