Auto Loans in Glendale (KY)

Having your loan lined up ahead of time is a very good strategy, given that it makes buying a car a much simpler process. As opposed to waiting until you are in the dealer F&I office, we enable you to apply for financing in advance. Ordinarily, we’re able to match our prospective borrowers with the right dealer or lender in real time.

You Choose: New or Used Car in Glendale

Through our vast network of dealers and lenders, auto loans for new and used vehicles are available. Have you determined which would be the right choice for you? New cars are tough to beat because they’re virtually headache-free, and if any issues do crop up, they should be covered under the service contract. But remember that many of the zero down finance deals advertised in the media are on approved credit, and therefore you’ll need a terrific credit score to be considered. If you’re undecided, an automotive finance specialist will help you determine whether a new our used vehicle is right for you.

Auto Loans for Used Cars in Glendale

Used vehicles are known to offer a number of fundamental merits:

  • Smaller principal on the loan.
  • Less expensive cost of insurance.
  • Lower rate of depreciation.

Since they’ve already experienced that initial depreciation, used cars necessitate less costly down payments, in most cases 10% of the vehicle’s purchase price. Bear in mind, however, that there are limits on the vehicle in terms of age, mileage, and type. These vary from lender to lender, but typical criteria are listed here: Vehicle must have less than 100,000 miles and be at most 7 years old. Below, you will find the following data that may help you decide whether you ought to buy a new or used vehicle. This assumes a two year old vehicle that has lost one half of its value, and a buyer with a prime credit score.

New Car Used Car
Price $34,800 $17,400
Down Payment $6,960 $1,740
Loan Rate 5.00% 7.50%
Months 60 48
Monthly Payment $525.38 $378.64
Interest Paid $3,683 $2,515
Total Paid $38,483 $19,915

Financing a Car with Bad Credit in Glendale

Bad credit leads to:

  • Lofty loan rates.
  • Greater down payments.
  • Shorter finance terms.

Seeking out a lending company in Glendale that approves people with bad credit is a must, as you don’t want to have your credit denied or be charged an exorbitant rate of interest.

The good news is, we are dedicated to serving people with credit problems of all kinds, getting them approved for the loans they need.

Getting financed, not picking out a new car or truck, is the first order of business at car dealerships that provides loans for bad credit. If you apply through us, you can line up your auto loan on the phone, then make a time for you to select your vehicle and finalize the paperwork. Never let yourself be lured into getting a car that’s higher in price than you planned. Bear in mind, you have a credit score to re-establish.

Buy Here Pay Here Auto Loans in Glendale, KY

Folks in Glendale turn to buy here pay here auto lots, sometimes known as tote the note car dealers, believing they can only get financed without a credit check. Not the case. These dealers will finance pretty much anyone, regardless of their credit, but there are disadvantages. Sadly, you will be faced with high rates of interest, massive down payments, and older vehicles that are overpriced. For this reason, these retailers don’t have the best track record. We want to place you with dealer finance specialist who can put you in the driver’s seat, even if you have bad credit.

Glendale Consumer Profile

  • Gross annual Income: $41,759
  • Monthly Income: $41,759
  • Typical Car Payment: $383
  • Suggested Monthly Payment: $278 (8% of monthly income)

Have you determined how much car you can finance? Take a look at the estimations below, but keep in mind the lending rates are only estimations, and the amounts are based upon an income of $41,759 per annum, the Glendale average. Loan length is 60 months.

Prime Credit Fair Credit Bad Credit
Car Payment $278 $278 $278
Loan Rate 3.50% 7.00% 12.00%
Purchase Price $19,130 $17,575 $15,644
Money Down $3,826 $3,515 $3,129
Loan Amount $15,304 $14,060 $12,515
Interest Paid $1,400 $2,644 $4,189
Total with Interest $20,530 $20,219 $19,833

Ready to Get Moving?

At Bluegrass Auto Finance, we take great pride in getting behind the wheel of a new car. We will connect you with a dealer or lender in your area.