Auto Loans in Corona (NY)

Here at New York Auto Finance, we find you the loan you need in less time, with less hassle. We’ve been in the auto finance business since 2009, developing a vast network of dealers and lenders who can approve you for a car loan – online! This is how our system works:

  1. Apply through our website.
  2. Monitor your application status through our approval center.
  3. Consult your dealer rep about your rate of interest and terms.
  4. Complete any remaining paperwork.
  5. Finally, buy your vehicle from a dealer in the area.

Sound simple? It is! Apply Now!

Corona Bad Credit Car Dealers

Less-than-perfect credit? Don’t worry. We make it easier to find a loan company that suits your needs, even when your history of credit is less than perfect. Many larger dealerships now have whole departments specializing in “special financing.” These are referred to as Corona bad credit car dealers. Needless to say, we have quite a lot of them in our network. Many lenders require people with subprime credit to provide a down payment. Fortunately, people who apply through us are approved nearly instantly. Let us find a dealer in Corona who can work with your credit – online!

Car Loan Pre-Approval in Corona: What Size Loan?

Your approved loan amount depends on your credit rating and earnings. Below, we’ve quoted the maximum loan amount for people of various credit tiers, given an income of $2,896 per month, which is the average for Corona residents. Don’t forget, these are only estimations.

Credit History Income Factor Loan Amount
Good Credit 10 $28,960
Decent Credit 9 $26,064
Subprime Credit 8 $23,168
Bad Credit 7 $20,272
Very Bad Credit 6 $20,272

As we stated before, these are merely approximations. For a definitive quote, you must submit your application.

No Money Down Auto Loans in Corona?

Don’t have a down payment? Not a problem. That said, a down payment affords you considerable advantages:

  • Shortens loan, meaning less is paid in interest.
  • Decreases payment per month.
  • Safeguards against negative equity.

With that said, you no longer need a down payment to submit an application. Submit your application. We’ll do our very best to place your application with a lender who can approve you, no down payment required.

No Credit Check Car Dealerships in Corona

Buy here pay here dealers in Corona have become the only option for many consumers, largely because of the economic crisis. Customers who have been unable to get approved for financing because of seriously bad credit often end up at these types of dealerships. Payments are made to the dealer, often at the lot, and the vehicles typically cost less than $10,000.

However, most buy here pay here car lots are unable to help customers improve their credit. Normally, you would be happier applying online, so we can find you a car loan in Corona that can help improve your credit.

Credit and Income: Corona

Banks, dealers, and car loan companies are concerned with much more than just your credit score. Loan companies look at your ability to pay (income), employment history, and history of repayment.

The following are average stats for Corona residents.

  • Pre-Tax Earnings: $34,746 Per Annum
  • Average Monthly Payment: $319 (11% of Income)
  • Recommended Car Payment: $232 to $290 (8%-10% of Income)

Less-than-perfect credit. It’s fairly common nowadays in Corona and across New York. This chart shows the estimated number of Corona residents at each level of the credit spectrum.

FICO Score % of Population Residents
300-499 2% 1,977
500-549 5% 4,942
550-599 8% 7,907
600-649 12% 11,861
650-699 15% 14,826
700-749 18% 17,791
750-799 27% 26,687
800-850 13% 12,849

Don’t worry if you’re credit isn’t perfect, we can help virtually any applicant, as long as they have an income of $1500 per month or more, no matter their credit score.