Auto Loans in Culver City (CA)

A car, truck, or SUV is among the most significant purchases the average consumer makes, so it is crucial to work with a finance professional to secure the right loan. Our industry partnerships are second to none, and we have agents approve you for the financing you need. Normally, we can place consumers with the right lender or dealer within a minute.

Benefits of our System for Culver City Car Buyers

  • Less stress and fear of credit denial.
  • Appointment to purchase your vehicle.
  • No fee for application.
  • Wide range of new and used autos.

Bad Credit Car Loans in Culver City

If you have first-rate credit, you’ll likely benefit from highly affordable interest rates and advantageous terms. Unfortunately, millions of people have faced credit problems, many of which were brought on by the financial climate. Nobody wants to deal with having a new line of credit declined, so you should contact a dealer or lender in Culver City that approves non-prime credit. We have the solution. At Golden West Auto Finance, we serve clients at every point on the credit spectrum, getting them approved for the loans they need.

If you have good credit, your first priority will be to explore the vehicles that are for sale. If you have bad credit, however, you will spend more time discussing your interest rate, lending terms, and down payment.

To get the lowest rate you can, make sure to inquire about the rate quoted by the lender sometimes referred to as the buy rate. Your car payment should never be beyond 10% of your income. For a consumer earning the Culver City average of $2,029 of income each month, this would be $203. The calculation is pretty simple. All you have to do is multiply your monthly income by .10 to determine the upper end of your payment range.

Buy Here Pay Here Car Lots in Culver City, CA

People in Culver City and throughout California turn to buy here pay here dealers, sometimes referred to as in house financing car lots, convinced that they will only be able to get approved at such a place. Not the case. Such dealerships approve credit lines directly, while a lot of dealers make use of banks and credit unions, and they are more focused on your income than your credit. Typically, preowned autos are the only models on the lot, and these aren’t zero down car loans. Quite often, the down payment is what the dealer paid for the vehicle at auction, and rates in excess of 20% APR aren’t unusual. There is a reason why these car dealers have a sullied track record. Let us put you in touch with dealer finance specialist who can get you behind the wheel of a really good vehicle, even if your credit is terrible.

Loan Amounts for Culver City Residents

The maximum loan you can obtain will depend on the amount of money you make, and how high your credit scores are. These numbers presume an income of $2,029 per month, which is typical of the average Culver City resident.

Credit History Multiplier Sum
Excellent Credit 10 $20,290
Fair Credit 9 $18,261
Temporary Bad Credit 8 $16,232
Poor Credit 7 $14,203
Terrible Credit 6 $12,174

It’s best if you buy a more affordable car than necessary. This enables you to save income for unexpected expenses. Consider this table, which shows you what price car you can afford given your credit standing, provided an income of $2,029 on a monthly basis, 5 year repayment, and a down payment of 20%.

Prime Credit Decent Credit Bad Credit
Income Per Month $2,029 $2,029 $2,029
Car Payment $162 $162 $162
APR 3.50% 7.00% 11.00%
Vehicle Price $11,153 $10,247 $9,332
Money Down $2,231 $2,049 $1,866
Interest Paid $816 $1,542 $2,274
Overall Investment $11,970 $11,789 $11,606

Start Your Online Application

At Golden West Auto Finance, our mission is getting behind the wheel of a new car. We will match you with a finance consultant from a dealer or lender in Culver City.