Auto Loans in Chino (CA)

Here at Golden West Auto Finance, we help people in Chino get the car loans they need, even with complications such as poor credit, no credit, and no money to put down. We have a diverse network of lenders and dealers, and we specialize in connecting you with the dealer who is most likely to fit your needs. We match you with a lending specialist who can help you get the loan required for the car you desire.

Benefits for Chino Borrowers

  • Dealers and finance companies compete to fund your loan.
  • Scheduled time to buy your vehicle.
  • Most all credit scores welcomed.
  • New and pre-owned autos for sale.

Bad Credit Car Loans in Chino

Below-average credit has a number of drawbacks:

  • You will have to pay more interest.
  • You have to have a larger down payment.
  • You have to finance for shorter terms.

You don’t want to deal with a credit denial, so you have to contact a dealer or lender in Chino that provides auto loans for subprime credit. When you apply for financing through Golden West Auto Finance, we work to find you a dealer or lender in our network who wants to get you in the driver’s seat.

If you have a good credit score, your top priority will be to explore the cars and trucks that are for sale. However, with bad credit, you will spend more time talking about your interest rate, lending terms, and down payment. For you to fulfill the approval criteria, you will usually have to validate your income through pay stubs or tax returns, and bring a lease or power bill with your home address. Your dealership rep will have more information. For a balanced budget, your loan payment should constitute just 5-8% of your gross income on a monthly basis. As an example, a typical Chino consumer who makes $2,299 monthly, the average, should plan to invest just $115 to $184.

Chino Buy Here Pay Here Car Lots

If you have experienced bankruptcy or debt settlement, a buy here pay here dealer may appear to be a good option. These types of dealerships offer auto loans on location, whereas conventional dealers work with banks and finance companies, and they regard your income as a form of credit. The fact is, you should be prepared for exorbitant interest rates, high down payments, and cars and trucks that cost too much given their age and condition. For this reason, these dealerships have a bad reputation. Let us place you with a reputable dealer who will work with you, even if your credit is awful.

Getting a Loan for a Car in Chino: Loan Amounts

The size loan you can borrow is based on your income and credit. The following amounts are based on an income of $2,299 monthly, which is the average in Chino.

Credit Score Multiplier Sum
Great Credit 10 $22,990
Average Credit 9 $20,691
Temporary Bad Credit 8 $18,392
Bad Credit 7 $16,093
Horrible Credit 6 $13,794

The amount you can borrow, and the amount is wise, should not be confused. Take a look at this chart demonstrating what car you can afford with a payment of $184, 20% down payment, and 5-year term.

Excellent Credit Average Credit Poor Credit
Income Per Month $2,299 $2,299 $2,299
Monthly Installment $184 $184 $184
APR 3.50% 7.00% 11.00%
Loan Term 60 Months 60 Months 60 Months
Purchase Price $12,638 $11,610 $10,574
Money Down $2,528 $2,322 $2,115
Borrowed Funds $10,110 $9,288 $8,459
Total Interest $925 $1,747 $2,576
Total Investment $13,563 $13,357 $13,150

Start Your Application Here!

We’re your trusted source when it comes to getting a car financed in Chino. We charge no application fees, and you could be driving down the streets of Chino before you know it.