Auto Loans in Auburn (CA)

There are a number of ways to secure an auto loan in Auburn, but only a few firms have improved credit acceptance like ours has. We give you the ability to submit your application in real-time. We match you with a finance consultant who can help you line up the car loan necessary for the car you prefer.

Used and New Cars in Auburn

Have you made up your mind which you’re going to buy: a new or pre-owned car? As the following comparison shows, pre-owned cars frequently cost less money in the long run, even with their higher rates.

New Car 1 Year Old 2 Years Old 3 Years Old
Retail Price $26,770 $20,078 $16,062 $13,385
Money Down $5,354 $2,008 $1,606 $1,339
Loan Rate 5.00% 7.50% 7.50% 7.50%
Months 60 48 48 48
Monthly Installment $404.15 $436.91 $349.53 $291.27
Interest Paid $2,833 $2,902 $2,321 $1,935
Total Cost $29,603 $22,979 $18,383 $15,320

Although a new car costs more, it may be easier to get approved for a new car if you have a low credit score, as these are lower risk loans.

Bad Credit Auburn Auto Loans

If you’ve got low credit scores, a bank-financed loan often isn’t possible. Seeking out a lender in Auburn that finances people with bad credit is a must. After all, you don’t want to have your credit turned down or be hit with an excessive rate of interest. We can help. At Golden West Auto Finance, we serve consumers who have credit problems of all kinds, getting them approved for the loans they need.

Clearing up Your Credit Report

Reports have revealed that 40 million people in America have errors on their credit report, which can result in a decreased credit score

Fortunately, it is pretty simple to challenge such inaccuracies, and it could result in a lower rate of interestAPR and improved terms.

Buy Here Pay Here Dealers in Auburn, California

Folks in Auburn go to buy here pay here dealers, often known as in house financing car dealers, convinced that they will only be able to get financed at a place like this. Not the case. They seldom pull your credit, so your credit problems shouldn’t be a hindrance to getting approved, but you really pay for this in the long run.

Problems with sort of financing include exorbitant rates of interest, money due at signing, and vehicle prices, and you are likely to get a vehicle that has recently been repossessed from a previous owner If bettering your credit score is important to you, you should apply online through us, seeing as buy here pay here car lots can’t help you improve your credit.

Buying a Car in Auburn: Loan Amounts

Want to find out how much you can finance based on your credit and income? These numbers presume an income of $2,677 monthly, the average in Auburn.

Credit Multiplier Loan
Great Credit 10 $26,770
Decent Credit 9 $24,093
Slow Credit 8 $21,416
Poor Credit 7 $18,739
Terrible Credit 6 $16,062

Just remember, there’s the amount you could finance, and the amount is smart.

How Much Car You Can Afford at $214 per Month

Check out this chart, which shows what price car suits your budget based on your credit score, provided an income of $2,677 each month, 60 month loan, and 20% down payment.

Exceptional Credit Okay Credit Poor Credit
Income Per Month $2,677 $2,677 $2,677
Payment Amount $214 $214 $214
Interest Rate 3.50% 7.00% 11.00%
Repayment Period 60 Months 60 Months 60 Months
Vehicle Price $14,715 $13,519 $12,312
Money Down $2,943 $2,704 $2,462
Interest Paid $1,077 $2,034 $3,000
Total with Interest $15,793 $15,553 $15,312

Ready to Get Financed?

No matter your credit, we can help you secure the loan you need. A finance manager will guide you through the process, helping you secure an affordable rate.