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Car Loans – Cerritos (CA)

Searching for car loans in Cerritos, California? Sure, the economy has been rough, but there are loan providers who want your business, and we can help you find them. Your application will be secured by SSL (https) security.

Acceptance Standards

The city’s average annual income is $58,703, while the average credit rating is 672. Keep in mind, these are just averages. You don’t have to earn more than $1500 per month to be eligible for car financing in Cerritos, CA.

Nearly all auto loan companies require you to hold a stable job with $1500 income a month. Additionally, your total monthly debt, including your auto loan, must not surpass half of how much you make per month. In Cerritos, California, this is $2,446 (average). Don’t meet these prerequisites? Don’t worry. You should still be able to meet the requirements by going the extra mile in one or more of the following ways:

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  1. Have a Co-signer
  2. Provide More Money Down
  3. Trade in an Existing Car or Truck
  4. Opt for In House Car lots.

Auto Financing with Zero Down Payment in Cerritos, CA

Putting money down is a good idea. The reality is, many finance companies demand it. What amountwill do? Divide how much the vehicle you want costs by 5 (20%). If you can come up with this much, it would be the ideal down payment, but you can probably get a car for $500 down. Actually, we may be able to connect you with some zero down car dealers in Cerritos, CA.

You also need to think about your car payment. Try not to commit more than 18-20% of your income for your California auto loan. Here are some numbers for the average Cerritos car shopper.

  • $4,892: Income (Monthly)
  • $881 to $978: Monthly Payment

Automobile Financing With Bad Credit in Cerritos, California

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It is essential to budget carefully for your auto loan. After all, you don’t want to decrease your credit ratings further. So please never set aside above 15% of your income monthly toward paying down your bad credit loan.

  • $734: 15% of average income in Cerritos, CA
  • $245: 5% for fuel, maintenance, etc.

In addition, it’s best to furnish the largest down payment possible. Of course, we can help you obtain California car financing with no money down, but these come with a more serious risk of becoming upside down.

Tote The Note Car Lots: Cerritos (CA)

Nearly all CA buy here pay here car dealers permit you to finance a vehicle with no credit check, but this diminishes your ability to boost your credit.

When it comes to buy here pay here car dealers, otherwise known as no credit check or your job is your credit dealerships, the auto loans are provided in house. Put simply, these dealerships offer in house auto loans to California applicants who have bad credit.

To some folks, getting their car loan with no credit check seems awesome.

Alas, you’ll want to bear in mind several main drawbacks:

  • Expensive Annual Percentage Rates
  • Significant Down Payments
  • Vehicles With High Mileage
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Even if you have horrible credit, there’s a fairly good chance you could get approved for auto loans with better terms than you could expect with a your job is your credit car dealer.

Trying to figure out what kind of car you should buy? Explore this article about cheap used cars in CA.

Cerritos (CA) Used Car Lots That May Offer Auto Loans

  • Cerritos Nissan, 18707 Studebaker Rd, 923
  • Cerritos Infiniti, 11011 South St, 92811
  • Browning Mazda, 18827 Studebaker Rd, 923
  • Cerritos Dodge, 18803 Studebaker Rd, 923
  • Norm Reeves Honda Superstore Cerritos, 18500 Studebaker Rd, 923