Let’s help you find the Tooele, UT car loan you need. We have removed the stress from financing a car in Tooele and across Utah. If you apply online, we will do our very best to match you to the ideal loan, taking into account factors such as:
- Your Location (Tooele)
- Your Credit Scores
- How Much You Make Monthly
- Your Down Payment
In Tooele, the average per year income is $46,721. The average fico score is 683. Remember, these are just averages. You don’t need to earn more than $1500 a month to meet the criteria for a car loan in Tooele, Utah.
Most auto loan lenders require you to be employed with $1500 income per month, and the amount you spend on existing debts, including your new loan, shouldn’t exceed fifty percent of your wages. In Tooele, Utah, this means $1,947 (average).
Don’t meet these standards? No worries. You may still qualify with a co-signer, larger down payment, or even with buy here pay here car lots in Tooele, UT.
How much should you spend on an auto loan? That varies according to quite a few factors, but here’s a great rule of thumb: invest no more than 18-20% of your regular monthly wages for monthly payments, gas, and repairs. For the typical Tooele resident, this means $701 to $779 per month. With fuel prices ever-increasing, it’s best to go with an inexpensive car that returns great gas mileage. In many instances, buying a used car in Tooele, Utah is best. Used vehicles are cheaper to buy and to insure, and they lose value a lot less rapidly than new autos.
Bad Credit Auto Financing in Tooele (UT)
With Car Loans Utah, you can often get financing, even if your credit score is not very good. Listed below are Utah credit scores as a whole:
- Avg UT Credit Score: 683
- Credit Score Viewed as Poor”: 620 or less
Fortunately for anyone who is searching for an auto loan in Tooele, UT with bad credit, we can help you find loan companies who don’t just refuse consumers who have fico scores below 600. If you earn $1500 on a monthly basis and can boast a debt vs income ratio under 50%, you have a good chance of being qualified.
Dealerships That Offer In-House Financing in Tooele (UT)
Due to the economy in UT, buy here pay here auto loans are becoming a lot more popularly accepted.
When it comes to buy here pay here dealerships, referred to as no credit check or your job is your credit dealerships, your auto loan doesn’t originate from an off-site loan service. Basically, these dealers grant in house financing car loans to Utah car shoppers with low credit ratings.
These car loans are often offered with no credit check. Alas, they are not without several major disadvantages. The rates of interest and money due at signing are higher than average, and it will be tough to to rebuild your credit through this kind of a dealership.
Be sure you look into any UT buy here pay here car dealership online. Make sure you track down someone who has bought a vehicle from them recently. Find out whether or not the car lot is has proven itself reputable.
Used And Bad Credit Dealers: Tooele (UT)
- Taylor Auto Sales, 1070 N Main St, 84074
- Quality Ford, 668 North Main Street, 84074