Auto Loans in Bellevue (WA)

If you are interested in a new car, chances are you need an auto loan. We give you the ability to apply for financing through our nationwide network of dealers and lenders. It’s difficult to find a better way to purchase your next car.

New Auto Loans in Bellevue

Typically, consumers in Bellevue finance or lease their new cars–are you planning to be one of them? Preowned cars can be a headache, because you have to make sure you don’t get a car with maintenance issues, whereas new cars will provide you with years of headache-free driving. However, putting 20% down is often recommended, and you shouldn’t plan to trade in the car until the finance term is up. Ultimately, it is best to talk to a dealer finance professional to determine if a new vehicle is best for you.

Used Car Financing in Bellevue

Most clever shoppers refrain from financing brand new cars, financing preowned ones instead.

Lenders charge slightly higher interest rates on used cars and trucks, but down payments are much less than what they are for brand new cars and trucks of the same price. Maintenance concerns can be allayed by opting for a late model car or truck or purchasing a new service contract. If you want to combine the budget-friendliness of a preowned vehicle with the dependability of a brand new one, consider purchasing a vehicle from your preferred car maker’s certified preowned (CPO) program.

Financing a Car with Bad Credit in Bellevue

If you’ve got great credit, you’ll likely benefit from great interest rates and great terms. Unfortunately, a lot of people don’t have this pleasure. There’s good news, though: there are lenders and dealerships in Bellevue that can assist people who have bad credit. Through us, you can contact a vehicle financing professional from a lender or dealer within driving distance who is willing to finance your credit.

Don’t forget that a car loan, if paid as agreed, can improve your credit score by a good margin. So that you can eliminate missed payments, most finance companies allow you to automate the payment process.

Spend 8% of your monthly income, that’s it, for your auto loan. If you are like the average Bellevue resident and have an income of $45,922 per year, this would be $306.

Bellevue Buy Here Pay Here Car Lots

Perhaps you have considered financing a car through a BHPH dealer on account of bad credit? Usually, there are better options. It’s true, they don’t perform credit checks, which means bad credit shouldn’t be a hindrance to getting approved, but odds are you’ll be charged excessively for this opportunity.

In most cases, used cars and trucks are the only ones offered, and these are not zero down car loans. In most cases, the down payment is almost the same as what you would pay for the vehicle if you decided to buy it from a local person selling it. Lending rates in excess of 20% APR aren’t unusual. Is strengthening your credit a concern for you? Then you should contact a finance specialist through us, seeing as buy here pay here dealerships can’t help you increase your credit.

If you are dead-set on purchasing your next vehicle through such as dealership, you can find a list of these dealers here.

Bellevue Income and Finances

  • Income Per Annum: $45,922
  • Monthly Income: $45,922
  • Suggested Car Payment: $306 (8% of monthly income)

To sum up, the optimum car loan includes a down payment of 20%, car payment of less than 10% of monthly income, and a repayment term of 60 months or less. With an income of $3,827 each month, let’s take a look at what price car you could buy based on your credit.

Great Credit Okay Credit Poor Credit
Monthly Income $3,827 $3,827 $3,827
Payment Amount $306 $306 $306
APR 3.80% 7.00% 10.20%
Sticker Price $20,882 $19,327 $17,929
Money Down $4,176 $3,865 $3,586
Interest Paid $1,664 $2,908 $4,027
Total Investment $22,546 $22,235 $21,955

Contact an Auto Finance Professional Near You!

Evergreen Auto Finance is your trusted source when it comes to finding, and funding, a car in Bellevue. We will connect you with a dealer or lender in your area.