At Car Loans Seattle, we make it easier get auto financing in Seattle, regardless of your credit scores. Although several banking companies haven’t been financing people like they did in the past, there are finance companies in WA which are still giving out loans, and we provide you with a chance to access them. Your application will be secured by SSL (https) encryption.
Let’s talk about how the process works.
When you complete your online application, we match you with the ideal Seattle car loan provider for your income, down payment, and location. Lastly, finalize your auto financing documentation and pick your car or truck from an area car dealership.
Approval and Rate Of Interest
The city’s average income on a monthly basis is $2,049. The average credit score is 691. Obviously, you don’t have to make more than $1500 per month to be eligible for car loans in Seattle, WA.
Most lenders will be expecting you to be employed with $1500 income a month, and the amount you spend on existing debts, including your new loan, shouldn’t surpass fifty percent of your wages. For car shoppers who live in Seattle, WA, this rounds out to $1,025, on average.
Salary or credit ratings lacking? You might still qualify with a co-signer, more money down, or even through buy here pay here car lots in Seattle, WA.
Choosing a Car Dealership in Seattle
In this economy, you might want to opt for a reliable, fuel-efficient vehicle.
As a buyer, you have many more protections when you buy a car from a dealership instead of through a private party. Also, it’s harder to get approved for a private party auto loan in Seattle.
Of course, it is important to have a down payment when financing any car. The rule of thumb is 10-20% down.
Of course, options like zero percent interest and no money down financing are typically only available on new cars. But you have to have excellent credit to qualify for these Seattle car deals. If you need a bad credit car loan in Seattle, you will probably not be eligible for such savings.
Another factor is your installment payment. You don’t want to commit more than 18-20% of how much you make for your new car – or for transportation costs as a whole, in fact. Consider average numbers for Seattle consumers.
- $24,584: Income (Annually)
- $2,049: Income (Monthly)
- $369 to $410: Car Payment
Other Parts of Washington State
Live outside Seattle, but you’d still like to utilize our service? Great! You can simply visit our statewide site to apply for a car loan in Washington State. Subprime credit is accepted, and you only need a minimum income of $1500. You are under no obligation to accept the loan you’re offered, and all data is transmitted via SSL encryption.