How to Get the Best Auto Loans in Littleton, CO

Auto loans in Littleton, CO, are now much easier than you might think.

Even if you have bad credit… we can still help.

So, don’t give up.

Here are some options and ideas to help you get your auto loan.

Even though…

In the past.

Getting an auto loan was difficult and stressful, and you never knew if you got the best deal.

Those days are over.

The good news?

We have new programs now.

To make the whole process easier and painless.

FAQ: Our Customers Want to Know…

For instance…

1. Can I get pre-qualified for a car loan?

Yes, you can get pre-qualified for a car loan. The lender inquires about your financial situation and determines if they would approve your loan.

There is no need to worry about this inquiry hurting your credit.

Being that…

A pre-qualification doesn’t lower your credit because it’s a soft credit inquiry.

2. If I have bad credit, can you still finance me?

There are good chances that we may get you approved. But we’ll first want to see if you can get pre-qualified.

That will tell us what the banks are willing to loan you.

After that, however, the lender will look into your financial picture deeper.

For example, let’s say…

• • You are out of work.
  • You have a lot of bills.
  • You only have a small down payment.
  • You have a lot of debt and bills.

Any of the above situations could make you a higher risk than what the bank is willing to approve.

3. What type of financing options do you offer?

We have financing  programs to meet everyone’s needs.

With our programs you always get the best terms and rates in the marketplace.

We do business with all the major lenders in the area.

With this in mind…

If you have bad credit or you’re a first-time car buyer we have special financing available so you can get the car you need.

Don’t give up.

We are set up with banks, Credit unions, and finance companies and offer many different programs.

What’s more…

Due to our business volume with these lenders, we get you a better interest rate and terms than if you applied yourself.

Above all…

We make the entire car buying process convenient and easy.

 4. What is the easiest place to get an auto loan?

All and all…

You can get pre-approved right here at JFR & Associates. That way, you’ll know how much you can afford for your car.

Being that…

Our processes are simple and easy, with no high-pressure sales.

So you can know your in good hands…

We’ll file all the paperwork and get you the loan that best suits your needs and goals: no surprises or hidden fees.

So when working with an auto broker, you can relax and know that we handle everything for you.

5. How many months is a typical car loan?

Lately the typical car loan is 72 months (6 years).

You can also get car loan terms for:

• • 36 months (three years)
  • 48 months (four years)
  • 60 months (five years).

Because of the high cost of vehicles, people are financing them for longer to keep the payments lower.

In the final analysis…

We recommend a 60-month loan if you can afford it. This makes the most sense.

6. What credit score is needed for an auto loan?

There is no minimum or set credit score for car loans.

You’ll likely get approved for a loan with a FICO score over 660. Depending on the rest of your financial information.

Here’s how dealers look at your credit score:

800-850 Excellent
740-799 Very Good
670-739 Good
670-739 Fair
300-579 Poor

If you’re unsure you can qualify for a loan, contact us at 303-761-8045 for more information.

7. What is the current average auto loan interest rate?

New car loans with a FICO score of 750 is a 4.90% interest rate, while a used car loan is around 5.47%. (March 2023)

8. Can I get a car loan without a down payment?

Yes, it’s possible to get a car without a down payment. But there are some drawbacks to not putting any money down. First, your monthly payment will be higher, and you’ll pay more in interest (usually, the lender charges a higher percentage rate with no money down).

In short…

When it comes time to trade the car in or sell it, you may be upside down and owe more than it’s worth.

First of all…

Don’t give up. We have options available today that can help you get a car loan.

Then again…

Let Us Help You Get Your New Car So You Can Go and Celebrate!

 

Want to Know More About the Language of Finances?

If you need a quick review…

Here’s an easy list of terms and what they mean:

Auto Loan:

This is the money you borrow to buy your vehicle. You have a contract between the buyer and the lender. The contract spells out all the terms of the loan.

Gross Monthly Income:

A person’s monthly earnings before any taxes or other deductions.

Down Payment:

The down payment would be how much money you make up front against the purchase price. Some loan programs may not need a down payment, depending on your credit score.

Base Price:

The base price is the total price of the vehicle. The price is higher if you add on any optional equipment, upgrades, or extended warranties.

Principal:

This is the money owed on a car loan minus finance charges, costs, or fees.

Loan Term:

This is the time in months when you make regular payments to repay the loan. An example would be a term of 60 months. The term is for 5 years.

Truth-in-Lending Disclosure:

This is a document that shows the borrower information about the loan. You’ll receive this document before you sign a loan contract. It includes:

• • Amount financed: The total dollar amount you’re borrowing.
  • Loan APR: This shows the total fees and interest you paid.
  • Finance charge: The total amount of interest you’ll pay over the length of the loan.
  • The total amount of payments: This is the total dollar amount of payments over the life of the loan. It will also show if there’s a pre-payment penalty or any fees for late payment.

Loan to Value Ratio (LTV):

This represents your vehicle loan’s value divided by the car’s actual cash value. Companies like Kelley Blue Book determine the actual cash value. Putting more money down can reduce your LTV ratio.

Down Payment:

This is money paid at the time of the vehicle purchase, which lowers the total amount financed through the loan.

Extended Warranty:

Extended warranty coverage is available if you purchase a new or used vehicle. Different types of warranties cover repairs or basic maintenance over the manufactures warranty.

These warranties can be added to your loan.

Monthly Payment:

The amount owed under the contract every month.

Credit/FICO Score:

FICO stands for Fair Isaac Corporation. They calculate credit scores based on information reported to them from your creditors. Your Credit score is represented by a three-digit number (between 350 and 850).

Lenders rely on your credit score to determine if you’ll get a loan. So the higher your score, the better the rate and terms you’ll get on your loan.

Total Cost:

This is the amount that you pay for financing. It includes interest, fees, principal, and your down payment.

Manufacturer’s Suggested Retail Price (MSRP):

The MSRP is the amount the manufacturer suggests the dealer charges for the vehicle. It’s also referred to as the sticker price or list price.

Annual Percentage Rate (APR):

The APR is the annual loan cost that includes fees and interest of the loan. The rate is one way to compare lenders and see how much the loan will cost.

The higher the interest rate, the more you’ll pay over the contract term.

Pre-qualification:

This is a way to determine whether you get approved for financing before buying your vehicle. Pre-qualification doesn’t impact your credit score because it’s a soft pull.

Co-buyer or Co-signer:

A person who assumes equal responsibility under the financing agreement. It also includes the obligation to make payments on the car loan if the borrower doesn’t make them.

Are You Ready to Get the Best Auto Loans in Littleton, CO?

I know…

There’s a lot of information here today.

All things considered…

If you’re confused and wondering how to get the car you need…

Don’t feel bad.

You’re not alone.

Buckle your seatbelt…

You’ll be glad to know that we can help you get your car, truck, or SUV and make it easier than you ever imagined.

We are professionals, and we know the car business inside and out. So you don’t have to try to figure this out or go it alone.

Trust me.

You’ll be glad you used our service to get your next vehicle.

Contact us for your next vehicle or auto loans in Littleton, Colorado, call us at 303-761-8045 or send us an email.

We offer the best auto loans in Littleton, CO so you can enjoy your new car buying experience.

The good news?

P.S. This is the opportunity you’ve been waiting for. Finally, you’re about to experience a robust new process for buying and selling your vehicles.

Take a look at this to see what I mean:

• • No more waiting and hoping you get a good car and terms.
  • No more frustration or hassle.
  • And, no more SECOND-GUESSING.

You have nothing to lose by trying our service.

Pretty amazing right?

Can you imagine enjoying and actually feeling good about buying your next vehicle?

And the crazy thing?

Pick up your phone and dial 303-761-8045 to talk with one of our team members.

I promise you won’t be disappointed.

But here’s the real bonus…

You’ll never have to deal with difficult or pushy salespeople again.