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California is a state in the Pacific Region of the United States. With 39.6 million residents, California is the most populous U.S. state and the third-largest by area. The state capital is Sacramento. The Greater Los Angeles Area and the San Francisco Bay Area are the nation’s second- and fifth-most populous urban regions, with 18.7 million and 8.8 million residents respectively. Los Angeles is California’s most populous city, and the country’s second-most populous, after New York. California also has the nation’s most populous county, Los Angeles County, and its largest county by area, San Bernardino County. The City and County of San Francisco is both the country’s second-most densely populated major city and the fifth-most densely populated county.
California is the 3rd largest state in the United States in area, after Alaska and Texas. California is often geographically bisected into two regions, Southern California, comprising the 10 southernmost counties, and Northern California, comprising the 48 northernmost counties. It is bordered by Oregon to the north, Nevada to the east and northeast, Arizona to the southeast, the Pacific Ocean to the west and it shares an international border with the Mexican state of Baja California to the south (with which it makes up part of The Californias region of North America, alongside Baja California Sur).
In the middle of the state lies the California Central Valley, bounded by the Sierra Nevada in the east, the coastal mountain ranges in the west, the Cascade Range to the north and by the Tehachapi Mountains in the south. The Central Valley is California’s productive agricultural heartland.
Divided in two by the Sacramento-San Joaquin River Delta, the northern portion, the Sacramento Valley serves as the watershed of the Sacramento River, while the southern portion, the San Joaquin Valley is the watershed for the San Joaquin River. Both valleys derive their names from the rivers that flow through them. With dredging, the Sacramento and the San Joaquin Rivers have remained deep enough for several inland cities to be seaports.
The Sacramento-San Joaquin River Delta is a critical water supply hub for the state. Water is diverted from the delta and through an extensive network of pumps and canals that traverse nearly the length of the state, to the Central Valley and the State Water Projects and other needs. Water from the Delta provides drinking water for nearly 23 million people, almost two-thirds of the state’s population as well as water for farmers on the west side of the San Joaquin Valley.
Suisun Bay lies at the confluence of the Sacramento and San Joaquin Rivers. The water is drained by the Carquinez Strait, which flows into San Pablo Bay, a northern extension of San Francisco Bay, which then connects to the Pacific Ocean via the Golden Gate strait.
The Channel Islands are located off the Southern coast, while the Farallon Islands lie west of San Francisco.
The Sierra Nevada (Spanish for “snowy range”) includes the highest peak in the contiguous 48 states, Mount Whitney, at 14,505 feet (4,421 m). The range embraces Yosemite Valley, famous for its glacially carved domes, and Sequoia National Park, home to the giant sequoia trees, the largest living organisms on Earth, and the deep freshwater lake, Lake Tahoe, the largest lake in the state by volume.
To the east of the Sierra Nevada are Owens Valley and Mono Lake, an essential migratory bird habitat. In the western part of the state is Clear Lake, the largest freshwater lake by area entirely in California. Although Lake Tahoe is larger, it is divided by the California/Nevada border. The Sierra Nevada falls to Arctic temperatures in winter and has several dozen small glaciers, including Palisade Glacier, the southernmost glacier in the United States.
About 45 percent of the state’s total surface area is covered by forests, and California’s diversity of pine species is unmatched by any other state. California contains more forestland than any other state except Alaska. Many of the trees in the California White Mountains are the oldest in the world; an individual bristlecone pine is over 5,000 years old.
In the south is a large inland salt lake, the Salton Sea. The south-central desert is called the Mojave; to the northeast of the Mojave lies Death Valley, which contains the lowest and hottest place in North America, the Badwater Basin at −279 feet (−85 m). The horizontal distance from the bottom of Death Valley to the top of Mount Whitney is less than 90 miles (140 km). Indeed, almost all of southeastern California is arid, hot desert, with routine extreme high temperatures during the summer. The southeastern border of California with Arizona is entirely formed by the Colorado River, from which the southern part of the state gets about half of its water.
A majority of California’s cities are located in either the San Francisco Bay Area or the Sacramento metropolitan area in Northern California; or the Los Angeles area, the Riverside-San Bernardino-Inland Empire, or the San Diego metropolitan area in Southern California. The Los Angeles Area, the Bay Area, and the San Diego metropolitan area are among several major metropolitan areas along the California coast.
As part of the Ring of Fire, California is subject to tsunamis, floods, droughts, Santa Ana winds, wildfires, landslides on steep terrain, and has several volcanoes. It has many earthquakes due to several faults running through the state, in particular, the San Andreas Fault. About 37,000 earthquakes are recorded each year, but most are too small to be felt.
California neighborhoods include: Acampo, Acton, Adelaide, Adelanto, Adin, Agoura Hills, Agua Dulce, Aguanga, Ahwahnee, Alameda, Alamo, Albany, Albion, Alderpoint, Alhambra, Aliso Viejo, Alleghany, Alpaugh, Alpine, Alpine Meadows, Alta, Altadena, Altaville, Alturas, Alviso, Amboy, American Canyon, Anaheim, Anderson, Angels Camp, Angelus Oaks, Angwin, Annapolis, Antelope, Antioch, Anza, Applegate, Apple Valley, Aptos, Arbuckle, Arcadia, Arcata, Arden Arcade, Arleta, Armona, Arnold, Aromas, Arroyo Grande, Artesia, Arvin, Atascadero, Atherton, Atwater, Auberry, Auburn, Avalon, Avenal, Avila Beach, Azusa, Badger, Baker, Bakersfield, Baldwin Park, Ballico, Bangor, Banning, Barstow, Bass Lake, Bay Point, Bayside, Beale Afb, Beaumont, Bell, Bella Vista, Bell Canyon, Bellflower, Bell Gardens, Belmont, Belvedere, Benicia, Ben Lomond, Benton, Berenda, Berkeley, Bermuda Dunes, Berry Creek, Bethel Island, Beverly Hills, Big Bar, Big Bear City, Big Bear Lake, Biggs, Big Oak Valley, Big Pine, Big Sur, Birds Landing, Birds Lndg, Bishop, Blocksburg, Bloomington, Blue Jay, Blue Lake, Blythe, Bodega, Bodega Bay, Bodfish, Bolinas, Bonita, Bonsall, Boonville, Boron, Borrego Springs, Boulder Creek, Boulevard, Bradbury, Bradley, Branscomb, Brawley, Brea, Brentwood, Bridgeport, Bridgeville, Briones, Brisbane, Broadmoor Vlg, Brooks, Browns Valley, Brownsville, Buellton, Buena Park, Burbank, Burlingame, Burney, Burnt Ranch, Butte City, Buttonwillow, Byron, Cabazon, Calabasas, Calabasas Hills, Calexico, Caliente, California City, Calimesa, Calipatria, Calistoga, Callahan, Calpine, Camarillo, Cambria, Cameron Park, Camino, Campbell, Camp Nelson, Campo, Campo Seco, Camp Pendleton, Camptonville, Canby, Canoga Park, Cantil, Cantua Creek, Canyon Country, Canyon Lake, Capay, Capistrano Beach, Capitola, Cardiff By The Sea, Carlotta, Carlsbad, Carmel, Carmel Valley, Carmichael, Carnelian Bay, Carpinteria, Carson, Caruthers, Casmalia, Caspar, Cassel, Castaic, Castro Valley, Castroville, Cathedral City, Catheys Valley, Cayucos, Cazadero, Cedar Glen, Cedarpines Park, Cedarville, Ceres, Cerritos, Challenge, Chatsworth, Cherry Valley, Chico, Chinese Camp, Chino, Chino Hills, Chowchilla, Chualar, Chula Vista, Citrus Heights, City Of Industry, Claremont, Clarksburg, Clayton, Clearlake, Clearlake Oaks, Cloverdale, Clovis, Coachella, Coalinga, Coarsegold, Cold Springs, Coleville, Colfax, College City, Colma, Colton, Columbia, Colusa, Commerce, Comptche, Compton, Concord, Cool, Copperopolis, Corcoran, Corning, Corona, Corona Del Mar, Coronado, Corte Madera, Costa Mesa, Cotati, Cottonwood, Coulterville, Courtland, Covelo, Covina, Coyote, Crescent City, Crestline, Creston, Crockett, Crows Landing, Cudahy, Culver City, Cupertino, Cutler, Cuyama, Cypress, Daggett, Daly City, Dana Point, Danville, Davenport, Davis, Davis Creek, Death Valley, Deer Park, Delano, Delhi, Del Mar, Del Rey, Denair, Descanso, Desert Center, Desert Hot Springs, Diablo, Diamond Bar, Diamond Springs, Dillon Beach, Dinuba, Discovery Bay, Dixon, Dobbins, Dodgertown, Dorris, Dos Palos, Dos Rios, Douglas City, Downey, Downieville, Doyle, Drytown, Duarte, Dublin, Ducor, Dulzura, Dunlap, Dunnigan, Dunsmuir, Durham, Dutch Flat, Earlimart, Earp, East Palo Alto, East Rancho Dominguez, Echo Lake, Edwards, El Cajon, El Centro, El Cerrito, El Dorado, El Dorado Hills, El Granada, Elk, Elk Creek, Elk Grove, El Macero, El Monte, El Nido, El Portal, El Segundo, El Sobrante, Elverta, Emerald Hills, Emeryville, Emigrant Gap, Encinitas, Encino, Escalon, Escondido, Esparto, Essex, Etna, Eureka, Exeter, Fairfax, Fairfield, Fair Oaks, Fallbrook, Fall River Mills, Farmersville, Farmington, Felicity, Fellows, Felton, Ferndale, Fiddletown, Fillmore, Firebaugh, Fish Camp, Floriston, Folsom, Fontana, Foothill Ranch, Forbestown, Forest Falls, Foresthill, Forest Knolls, Forest Ranch, Forestville, Forks Of Salmon, Fort Bidwell, Fort Bragg, Fort Irwin, Fort Jones, Fortuna, Foster City, Fountain Valley, Fowler, Frazier Park, Freedom, Fremont, French Camp, French Gulch, Fresno, Friant, Fullerton, Fulton, Galt, Garberville, Gardena, Garden Grove, Garden Valley, Gasquet, Gazelle, Georgetown, Gerber, Geyserville, Gilroy, Glencoe, Glendale, Glendora, Glen Ellen, Glenhaven, Glenn, Glennville, Gold River, Gold Run, Goleta, Gonzales, Goodyears Bar, Goshen, Granada Hills, Grand Terrace, Granite Bay, Grass Valley, Graton, Greenbrae, Greenfield, Greenwood, Grenada, Gridley, Grizzly Flats, Groveland, Grover Beach, Guadalupe, Gualala, Guerneville, Guinda, Gustine, Hacienda Heights, Half Moon Bay, Hamilton City, Hammil Valley, Hanford, Happy Camp, Harbor City, Harmony, Hat Creek, Hawaiian Gardens, Hawthorne, Hayfork, Hayward, Healdsburg, Heber, Helendale, Helm, Hemet, Herald, Hercules, Heritage Ranch, Herlong, Hermosa Beach, Hesperia, Hickman, Hidden Hills, Hidden Valley Lake, Highland, Hillsborough, Hilmar, Hinkley, Hollister, Holtville, Homeland, Homewood, Hoopa, Hopland, Hornbrook, Hornitos, Horse Creek, Hughson, Hume, Huntington Beach, Huntington Park, Huron, Hyampom, Hydesville, Idyllwild, Igo, Imperial, Imperial Beach, Independence, Indian Wells, Indio, Inglewood, Inverness, Inyokern, Ione, Iowa Hill, Irvine, Irwindale, Isleton, Ivanhoe, Jackson, Jacumba, Jamestown, Jamul, Janesville, Jenner, Johannesburg, Johnson Valley, Joshua Tree, Julian, Junction City, June Lake, Keene, Kelseyville, Kensington, Kentfield, Kenwood, Kerman, Kernville, Kettleman City, King City, Kings Beach, Kingsburg, Kings Canyon National Pk, Kirkwood, Klamath, Klamath River, Kneeland, Knightsen, Knights Landing, Korbel, Kyburz, La Canada Flintridge, La Crescenta, Ladera Ranch, Lafayette, La Grange, Laguna Beach, Laguna Hills, Laguna Niguel, Laguna Woods, Lagunitas, La Habra, La Habra Heights, La Honda, La Jolla, Lake Arrowhead, Lake Balboa, Lake City, Lake Elsinore, Lake Forest, Lakehead, Lake Hughes, Lake Isabella, Lakeport, Lake Sherwood, Lakeside, Lakewood, La Mesa, La Mirada, Lamont, Lancaster, Landers, La Palma, La Puente, La Quinta, Larkspur, Lathrop, Laton, La Verne, Lawndale, Laytonville, Lebec, Lee Vining, Leggett, Le Grand, Lemon Cove, Lemon Grove, Lemoore, Leona Valley, Lewiston, Likely, Lincoln, Linden, Lindsay, Litchfield, Littleriver, Little River, Littlerock, Live Oak, Livermore, Livingston, Llano, Lockeford, Lockwood, Lodi, Loleta, Loma Linda, Loma Mar, Lomita, Lompoc, Lone Pine, Long Barn, Long Beach, Lookout, Loomis, Los Alamitos, Los Altos, Los Altos Hills, Los Angeles, Los Banos, Los Gatos, Los Molinos, Los Olivos, Los Osos, Lost Hills, Lotus, Lower Lake, Loyalton, Lucerne, Lucerne Valley, Ludlow, Lynwood, Lytle Creek, Macdoel, Madeline, Madera, Madison, Mad River, Magalia, Malibu, Mammoth Lakes, Manchester, Manhattan Beach, Manteca, Manton, March Air Reserve Base, Maricopa, Marina, Marina Del Rey, Mariposa, Markleeville, Marshall, Martinez, Marysville, Mather, Maxwell, Maywood, McArthur, McClellan, McCloud, Mc Farland, McKinleyville, Mc Kittrick, Meadow Vista, Mecca, Mendocino, Mendota, Menifee, Menlo Park, Mentone, Merced, Meridian, Middletown, Midpines, Midway City, Milford, Millbrae, Mill Creek, Mill Valley, Millville, Milpitas, Mineral, Mira Loma, Miramonte, Mission Hills, Mission Viejo, Mi Wuk Village, Modesto, Mojave, Mokelumne Hill, Monrovia, Montague, Montara, Montclair, Montebello, Monterey, Monterey Park, Monte Rio, Monte Sereno, Montgomery Creek, Montrose, Moorpark, Moraga, Moreno Valley, Morgan Hill, Morongo Valley, Morro Bay, Moss Beach, Moss Landing, Mountain Center, Mountain Ranch, Mountain View, Mount Hamilton, Mount Shasta, Mt Baldy, Mt Madonna, Muir Beach, Murphys, Murrieta, Myers Flat, Napa, National City, Needles, Nevada City, Newark, Newberry Springs, Newbury Park, Newcastle, New Cuyama, Newhall, Newman, Newport Beach, Newport Coast, Nicasio, Nice, Nicolaus, Niland, Nipomo, Nipton, Norco, Norden, North Edwards, North Fork, North Highlands, North Hills, North Hollywood, Northridge, North San Juan, Norwalk, Novato, Nuevo, Oakdale, Oak Hills, Oakhurst, Oakland, Oakley, Oak Park, Oak Run, Oak View, Oakville, Occidental, Oceano, Oceanside, Ocotillo, Ojai, Old Station, Olivehurst, Olympic Valley, O Neals, Ono, Ontario, Onyx, Orange, Orange Cove, Orangevale, Orcutt, Oregon House, Orick, Orinda, Orland, Orleans, Oro Grande, Orosi, Oroville, Oxnard, Pacheco, Pacifica, Pacific Grove, Pacific Palisades, Pacoima, Paicines, Pala, Palermo, Palmdale, Palm Desert, Palm Springs, Palo Alto, Palo Cedro, Palomar Park, Palos Verdes Estates, Palos Verdes Peninsula, Palo Verde, Panorama City, Paradise, Paramount, Parker Dam, Parlier, Pasadena, Paso Robles, Patterson, Pauma Valley, Paynes Creek, Pearblossom, Pebble Beach, Penngrove, Penn Valley, Penryn, Perris, Pescadero, Petaluma, Petrolia, Phelan, Philo, Pico Rivera, Piedmont, Piercy, Pilot Hill, Pinecrest, Pine Grove, Pine Mountain Club, Pine Valley, Pinole, Pinon Hills, Pioneer, Pismo Beach, Pittsburg, Pixley, Placentia, Placerville, Platina, Playa Del Rey, Playa Vista, Pleasant Grove, Pleasant Hill, Pleasanton, Plumas Lake, Plymouth, Point Arena, Point Mugu Nawc, Point Reyes Station, Point Richmond, Pollock Pines, Pomona, Pope Valley, Poplar, Port Costa, Porter Ranch, Porterville, Port Hueneme, Port Hueneme Cbc Base, Portola Valley, Posey, Potrero, Potter Valley, Poway, Prather, Princeton, Rackerby, Raisin City, Ramona, Ranchita, Rancho Cordova, Rancho Cucamonga, Rancho Dominguez, Rancho Mirage, Rancho Murieta, Rancho Palos Verdes, Rancho Santa Fe, Rancho Santa Margarita, Randsburg, Ravendale, Raymond, Red Bluff, Redcrest, Redding, Redlands, Redondo Beach, Redway, Redwood City, Redwood Valley, Reedley, Rescue, Reseda, Rialto, Richgrove, Richmond, Ridgecrest, Rio Dell, Rio Linda, Rio Nido, Rio Oso, Rio Vista, Ripley, Ripon, Riverbank, Riverdale, Riverside, Rocklin, Rodeo, Rohnert Park, Rolling Hills, Rolling Hills Estates, Rosamond, Rosemead, Roseville, Rosewood, Rough And Ready, Rowland Heights, Royal Oaks, Rumsey, Running Springs, Sacramento, Saint Helena, Salida, Salinas, Salyer, Samoa, San Andreas, San Anselmo, San Ardo, San Bernardino, San Bruno, San Carlos, San Clemente, San Diego, San Dimas, San Fernando, San Francisco, San Gabriel, Sanger, San Geronimo, San Gregorio, San Jacinto, San Joaquin, San Jose, San Juan Bautista, San Juan Capistrano, San Leandro, San Lorenzo, San Luis Obispo, San Marcos, San Marino, San Martin, San Mateo, San Miguel, San Pablo, San Pedro, San Quentin, San Rafael, San Ramon, San Simeon, Santa Ana, Santa Barbara, Santa Clara, Santa Clarita, Santa Cruz, Santa Fe Springs, Santa Margarita, Santa Maria, Santa Monica, Santa Paula, Santa Rosa, Santa Rosa Valley, Santa Ynez, Santa Ysabel, Santee, San Ysidro, Saratoga, Sattley, Sausalito, Scotia, Scott Bar, Scotts Valley, Seal Beach, Seaside, Sebastopol, Seeley, Seiad Valley, Selma, Sequoia National Park, Shafter, Shandon, Shasta, Shasta Lake, Shaver Lake, Sheep Ranch, Shell Beach, Sheridan, Sherman Oaks, Shingle Springs, Shingletown, Shoshone, Sierra City, Sierra Madre, Sierraville, Signal Hill, Silverado, Simi Valley, Skyforest, Sloughhouse, Smartsville, Smith River, Snelling, Soda Springs, Solana Beach, Soledad, Solvang, Somerset, Somes Bar, Somis, Sonoma, Sonora, Soquel, Soulsbyville, South El Monte, South Gate, South Lake Tahoe, South Pasadena, South San Francisco, Spring Valley, Springville, Squaw Valley, Standish, Stanford, Stanton, Stevenson Ranch, Stevinson, Stewarts Point, Stinson Beach, Stockton, Stonyford, Stratford, Strathmore, Strawberry, Strawberry Valley, Studio City, Sugarloaf, Suisun City, Summerland, Sun City, Sunland, Sunnyvale, Sunol, Sunset Beach, Sun Valley, Surfside, Susanville, Sutter, Sutter Creek, Swall Meadows, Sylmar, Taft, Tahoe City, Tahoe Vista, Tahoma, Tarzana, Tecate, Tecopa, Tehachapi, Temecula, Temple City, Templeton, Termo, Terra Bella, Thermal, The Sea Ranch, Thousand Oaks, Thousand Palms, Three Rivers, Tiburon, Tipton, Tollhouse, Toluca Lake, Tomales, Topanga, Topaz, Torrance, Trabuco Canyon, Tracy, Tranquillity, Traver, Travis Afb, Trinidad, Trinity Center, Trona, Trowbridge, Truckee, Tujunga, Tulare, Tulelake, Tuolumne, Tupman, Turlock, Tustin, Twain Harte, Twentynine Palms, Twin Bridges, Ukiah, Union City, Universal City, Upland, Upper Lake, Vacaville, Valencia, Vallecito, Vallejo, Valley Center, Valley Ford, Valley Springs, Valley Village, Valyermo, Van Nuys, Venice, Ventura, Vernalis, Vernon, Victorville, Vidal, Villa Park, Visalia, Vista, Volcano, Walnut, Walnut Creek, Walnut Grove, Warner Springs, Wasco, Washington, Waterford, Watsonville, Weaverville, Weed, Weldon, Wendel, West Covina, West Hills, West Hollywood, Westlake Village, Westminster, Westmorland, West Point, Westport, West Sacramento, Westwood, Wheatland, Whitethorn, Whitewater, Whitmore, Whittier, Wildomar, Williams, Willits, Willow Creek, Willows, Wilmington, Wilseyville, Wilton, Winchester, Windsor, Winnetka, Winterhaven, Winters, Winton, Wishon, Witter Springs, Wofford Heights, Woodacre, Woodbridge, Woodlake, Woodland, Woodland Hills, Woodside, Woodville, Woody, Wrightwood, Yorba Linda, Yorkville, Yosemite National Park, Yountville, Yreka, Yuba City, Yucaipa, Yucca Valley, Zamora, Zenia
For more information, see California wiki
AllCreditCarLoans was founded to help car buyers, even those who may have experienced credit difficulties in the past, get pre-approved for financing before going to a dealership. By separating car financing options from dealer price negotiations, we empower our clients to get the best deal possible.
The first step to apply for a car loan is to figure out how much you can afford to spend. If you have a vehicle to trade-in, you should determine its value so that you can factor that into your budget. A good resource for determining your cars market value is Kelley Blue Book.
Next, you'll want to consider how much money you have to use for a down payment. The more money you put down, the lower your monthly payment will be. If you are looking for an auto loan for bad credit with no money down, don't worry. We can still help you.
Finally, use our auto refi calculator to estimate your monthly payment.
If you've chosen to buy a new car, you will most likely be purchasing the vehicle from a car dealer that accepts both good and bad credit. In order to get the best deal on a bad credit new car loan, you should research the base price, the cost of optional features and the average dealer fees in your area. To get the best deal possible, work with AllCreditCarLoans to get an auto loan pre-approval so that you can negotiate like a cash buyer.
If you are looking to get the most value for your dollar, you will likely be better off looking for no down payment used cars. That's because the prior owners have already absorbed the biggest portion of the vehicle's depreciation and you may have the option to get a used car loan and buy from a private seller, thus saving dealer fees. AllCreditCarLoans can help you with an auto loan for a private seller.
No matter what your credit situation is, AllCreditCarLoans will help you to find a online car credit that is suited to your needs and budget.
We specialize in:
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Are you in need of a new car, but are afraid it's impossible because of your bad credit? Well, the fact is that today, consumers with bad credit have a wide variety of options available to them in regards to bad credit auto loans, especially in California. In fact, it can be very easy to get the money you need, but it is important for you to do your research before getting a loan.
If you have bad credit, the first thing that I would recommend is to find out more about your own financial situation. What is your exact credit score (FICO) with the three credit agencies (Experian, TransUnion, and Equifax)? You can find this information by visiting a free credit report service website where you can place an order for a free yearly credit report. The credit report has everything but the credit score. You have to pay extra to get the scores, but it is worth it. It is valuable information to have on hand in your search for the best auto loan deal. With this information, you can do quite a few things to help yourself.
The first thing you need to do when you examine your credit report is to look for errors. Correcting errors can help bring up your credit score some. Another way to increase credit score is to have a friend, or relative, with good credit add you as an authorized user to their credit cards. This connects their good credit history to yours. If you simply don't know what to do, there are credit repair companies that can help clean up your credit report. I have used a credit repair company in the past and was very pleased with the results.
When it is all said and done, a person with poor credit does have many options available. It is just a matter of doing the research and keeping an eye out for the best deal available. Your dream car is within reach, and having bad credit shouldn't hold you back.
Are you afraid to go shopping for a car because of the embarrassment you may face at the very real possibility of being turned down due to bad credit? If this is you, you're not alone. More than ever before, many are faced with bad credit right now, even in California. What you need right now is a little "credit score infusion". Your score needs to be high enough so you can qualify for that auto loan you so desperately need.
I totally understand. In today's world an auto is a necessity. If you're lucky enough to still have a job right now, you've gotta have a car to get to work. If you've been laid off or just can't find a job, you need a car to go look for a job. You need to pick up your kids from daycare, you need to go to the grocery store. Whatever the issue is, you won't get far without wheels, so here are a few tips you can use to infuse your credit score immediately.
Different lenders have different criteria in relation to what they deem to be a "good" score. Really, what it all boils down to is "What interest rate am I going to have to pay?" You can still probably find a lender who will give you a car loan with a credit score of 580, but you're going to pay a really high interest rate for it. Get yourself bumped up to over 600 and better yet, over 620, and you have a few more options, but the rate you're going to pay is still not going to be pleasant. If you have scores in the range of 650 to 680, interest rates are going to be decent. Get yourself over 700 and you've got shopping power!
There are many scoring models out there, so don't be fooled. There can be a 50 to 100 point difference from one credit scoring agency to another, so your best bet is to stick with your FICO Score. This score is derived by Equifax and is the credit score that most lenders use, so you can be pretty confident with the score you receive.
You can get your FICO credit score for $9.95 if you sign up for their Score Watch program. This is the quickest way to get your score, and a great way to monitor how it's going to shoot up after I teach you a few tricks later in this article. If you do not wish to sign up for this free trial, then you can access all three of your credit reports for free, but you will then have to pay around $7 to $10 to purchase your score from each of the three major credit reporting agencies. You can only do this once a year for free.
Maybe you don't have enough income to qualify for that Ferrari you wanted, yet the loan officer will be able to advise you how much you can qualify for, as long as this is your only issue. If you're turned down because of your score, you can ask what is the minimum score they require to get approved. This will tell you whether or not you're going to need sub-prime car financing or not.
If you're not "bankable" just yet, don't worry. There are still auto lenders out there that will give you a loan, but the rate isn't going to be as pretty. I'd first ask the loan officer at the bank if they have anyone they'd recommend to refer you to. You can also do a search on the net for "bad credit auto loans" and you'll get a slew of links to click on. Some of these sites will search multiple lenders for you and could save you some time. If you like a more personal approach, you can look in your local yellow pages for "auto finance companies". Word of caution here though, finance companies usually carry much higher rates, so be sure to shop around.
Most people worry about whether or not they'll be able to make the monthly payments on a loan without taking into account the loan's term, total interest paid, and loan origination fees or pre-payment penalties.
Generally, the lowest rates on auto loans are available on short-term loans, from 12 to 36 months, which mean a large monthly payment but lower amounts of interest. Longer-term loans often come with higher interest rates. When you calculate the total price of your new vehicle, include the interest costs over the years. If it seems like too much for you, try to renegotiate the interest rate, offer a larger down payment, or shorten the term of the loan. Use our auto loan calculator to estimate your monthly payment.