APPLY FOR AUTO LOAN WITH PREMIUM AUTOS

• Quick Financing Options: Apply online or in person with a simple process.
• All Credit Profiles Welcome: Good credit, bad credit, or no credit - options are available for everyone.
• Wide Selection of Vehicles: Choose from 400+ cars, including pre-owned electric and hybrid models starting at $20,495.
• EV Financing Benefits: Access federal Clean Vehicle Credits, state/local incentives, and lower maintenance costs.
• Flexible Loan Terms: Monthly payments, competitive interest rates, and terms from 24 to 84 months.
• Required Documents: ID, proof of income, residence, insurance, and trade-in details (if applicable).
• Tips for Approval: Increase your down payment, check your credit, or add a co-signer for better terms.

Start your application today at premiumautosinc.com or visit their Norco or South El Monte locations. Get pre-approved in minutes and drive off in your dream car!

How to Finance a Used Car in 6 Easy Steps

Auto Loan Types at Premium Autos

At Premium Autos, we provide financing options designed to fit your vehicle preferences and budget. Whether you're looking for a practical daily driver or a high-end luxury car, we've got you covered.

Loan Plans for Different Budgets

We believe everyone deserves access to financing, regardless of their credit history. Our "Good credit, bad credit, any credit" approach ^[3] ensures financing options for all.

Here’s how we structure our loans:

• Monthly payment options: Terms customized to fit your financial situation.
• Flexible down payments: Starting with minimal upfront requirements.
• Varied loan terms: Choose durations that balance your monthly payments.
• Competitive interest rates: Secured through trusted lending partners.

Ready to go green? Check out our financing options for EVs and hybrids.

EV and Hybrid Car Financing

Electric and hybrid vehicles are becoming a smart choice for many drivers. Our EV financing options include support for charging solutions and potential savings. Here's a quick look at charging levels:

Charging Level	Range Added	Typical Use Case
Level 1	2–5 miles per hour	Home charging
Level 2	10–30 miles per hour	Home or public charging
Level 3	Up to 200+ miles in 30 min	Public fast charging

With many EVs offering over 200 miles on a single charge ^[2], they work well for both daily commutes and road trips. Financing benefits include:

• Eligibility for federal Clean Vehicle Credits.
• Access to state and local incentives.
• Lower maintenance costs.
• Savings on fuel compared to gas-powered vehicles.

Used Car Financing Options

Our pre-owned vehicle financing program focuses on delivering quality and value. Every car in our inventory is thoroughly inspected to meet our standards. We feature premium brands like Tesla, BMW, and Toyota, ensuring reliable vehicles with attractive financing.

Highlights of our used car financing:

• Thorough inspections: Multi-point checks for quality assurance.
• Extended warranty options: Protect your purchase with added coverage.
• Certified quality: Detailed history and condition reports for peace of mind.
• Flexible terms: Financing tailored to fit pre-owned vehicle purchases.

Whether you're after a fuel-efficient sedan or a luxury SUV, our team is here to help you find financing that matches your needs and lifestyle.

Getting Ready for Your Loan Application

Make your auto loan application process smoother by having the right documents and taking a few key steps ahead of time.

Required Documents Checklist

Before applying online or visiting the dealership, gather these important documents ^[4]:

Document Type	Details Needed
Identity Verification	Driver's license, state ID, or passport
Income Proof	Recent pay stubs, W-2 forms, or tax returns
Residence Verification	Current utility bill or lease agreement
Insurance Information	Auto insurance card or a quote for a new policy
Vehicle Details	Trade-in paperwork (if applicable)
Financial Records	Bank statements or asset documentation

Having these ready will save time and help avoid delays.

Tips to Improve Loan Approval Odds

Taking a few extra steps can increase your chances of approval and even get you better loan terms. For example, putting down an extra $1,000 can lower your monthly payment by about $20 at a 5% APR ^[5].

• Increase Your Down Payment
  A larger down payment reduces the loan amount, which can lower your interest rate and improve your chances of approval.

• Check Your Credit Reports
  Look over your credit reports for any errors. Fixing mistakes and requesting a credit limit increase can help improve your credit utilization ratio.

• Add a Co-signer
  If you have a co-signer with strong credit, it can make approval easier and potentially lead to better terms ^[6].

Credit Score Guidelines

While many traditional lenders look for a credit score of 670 or higher ^[5], we work with a wide range of credit profiles to provide financing options ^[7]. Your credit score affects things like interest rates, down payment requirements, and monthly payments. By working with multiple financial institutions, we aim to secure competitive rates for you ^[7]. You can also get pre-approved online to explore your options before visiting the dealership ^[1].

Taking these steps will help you start your loan application with confidence and set you up for success.

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4 Steps to Apply for Your Auto Loan

Applying for an auto loan with Premium Autos is simple and straightforward. Choose between an online or in-person process, depending on what works best for you.

Online Application Steps

Here’s how you can get started online:

1. Start Your Application
   Head to our website, click "Get Pre-Approved", and fill in the required details.

2. Upload Your Documents
   Use our portal to upload your ID, proof of income, and residence documents.

3. Explore Vehicle Options
   Check out our wide selection of pre-owned vehicles, including electric and hybrid models from top brands like Tesla, BMW, and Toyota.

4. Get Your Pre-Approval
   After submitting your information, you'll receive a pre-approval decision, giving you the confidence to shop for your next car.

Dealership Application Steps

Prefer to apply in person? Visit our locations in Norco or El Monte and follow these steps:

Step	What Happens
Initial Consultation	Sit down with a finance specialist to discuss your budget and preferences.
Document Review	Provide your required documents for verification.
Choose Your Vehicle	Browse and select a car from our inventory.
Complete Your Application	Finalize the application with help from our team.

Both online and in-person processes are designed to save you time and make the experience as smooth as possible.

Application Processing Time

We’ve streamlined the process to keep things moving quickly:

• Online pre-approvals are processed promptly.
• In-person applications are typically completed during your visit.
• Final approvals are handled without unnecessary delays.

For a faster experience, consider getting pre-approved online before visiting the dealership. This way, you can spend less time on paperwork and more time finding the perfect vehicle. Our finance team is here to assist you every step of the way.

Understanding Your Loan Terms

APR and Interest Rates

Your Annual Percentage Rate (APR) plays a key role in determining the total cost of your auto loan. It combines your interest rate with any additional lending fees, offering a full view of what you'll pay over time. A lower APR means you'll save more throughout the loan's duration. At Premium Autos, we work to secure competitive rates based on your credit score, loan term, and down payment. Knowing these details helps you make informed decisions as you move forward with your auto financing.

Down Payment Guide

A thoughtful down payment can make a big difference in your loan terms. While Premium Autos provides flexible options, aiming for 20% is often a smart move for long-term savings ^[10].

Down Payment	Benefits	Impact on Monthly Payments
20% or more	Lowers interest rates, builds equity faster	Substantially reduced
12% (average)	Balanced benefits, moderate savings	Moderately reduced
Minimum required	Keeps more cash upfront	Higher monthly payments

For example, on a $25,000 car, putting down 20% ($5,000) can lead to noticeable savings over the life of your loan.

Choosing Your Loan Length

Your loan term affects both your monthly payments and the overall cost of the loan. Premium Autos offers terms ranging from 24 to 84 months ^[8]. Here's how different terms impact a $40,000 loan:

Loan Term	Monthly Payment	Total Interest
36 months	$1,260.75	$4,319.02
60 months	$805.66	$7,271.61
84 months	$612.03	$10,342.19

Things to keep in mind:

• Shorter terms mean lower interest costs and faster equity growth ^[9].
• Longer terms reduce monthly payments but increase the total cost ^[8].
• The average car loan term today is about 70.6 months ^[9].

Our team is here to help you strike the perfect balance between manageable monthly payments and overall affordability. You're one step closer to finalizing your loan with confidence.

Completing Your Auto Purchase

Once you've reviewed your loan terms, it's time to finalize your vehicle purchase. Here's what you need to do.

Reviewing Your Loan Offer

Take a close look at your Premium Autos loan offer. Pay attention to key details like the APR, monthly payments, total loan amount (including fees), loan term, conditions, and any prepayment penalties. Make sure you're clear on everything before moving forward. If you have questions, our finance team is here to guide you through the details.

Final Documents You’ll Need

To complete the process, double-check that these documents match what you submitted earlier ^[11]:

Document Type	What You’ll Need
Identity	Driver's license, Social Security card
Income Proof	Pay stubs, W-2 forms, or tax returns
Residence Proof	Utility bills or a lease agreement
Insurance	Proof of auto insurance
Payment	Cashier's check or certified check

If you're purchasing a used car, additional documents like the current vehicle title, lien information, and mileage records will also be required ^[11]. These steps help ensure everything is consistent and accurate.

Picking Up Your Vehicle

Once all your documents are verified, follow these steps to get your car:

• Insurance Check: Provide proof of your auto insurance.
• Down Payment: Submit your down payment using a cashier's or certified check.
• Sign the Paperwork: Complete the loan agreement, purchase contract, and registration forms.

With everything squared away, you'll be all set to drive off in your new car. Safe travels!

Start Your Loan Application Today

Dreaming of driving your ideal car? Premium Autos makes it easy with an online application process designed to save you time at the dealership.

Getting started is simple. Head to premiumautosinc.com and click on "Apply Now" to begin your pre-approval. You'll need to provide basic details like your contact information, residential address, and employment details, along with permission for a credit review.

Our pre-approval process is quick and gives you a clear view of your monthly payment options upfront, so you can plan confidently. No matter your credit situation, Premium Autos works with a variety of buyers to find financing options that fit.

To speed things up, have these documents ready: a photo ID, proof of income, and address verification.

Need help? Our finance specialists in Norco and El Monte are ready to assist you. Whether you're browsing our wide selection of vehicles or have a specific car in mind, we’re here to help you secure the right financing.

Once pre-approved, you’re just steps away from finalizing your purchase. Complete your online application anytime - it’s available 24/7 - and get a response in just minutes. Start your journey with Premium Autos today by visiting our website or stopping by one of our locations.