Auto Loans in Davis (CA)

If you need to finance a car in Davis, rest assured we can help. We assist shoppers in Davis and across the state of California, helping them get approval online for financing. We match you with a lending expert who’ll guide you step by step through the process.

Benefits for Davis Borrowers

  • Guidance from an experienced lending professional.
  • No need to negotiate price and funding all at once.
  • Much less time wasted doing paperwork when you buy your vehicle.
  • Application is free of charge.
  • Tremendous selection of used and new vehicles.

Davis Bad Credit Car Loans

Most of the time, loan providers pull a credit score tailored for the motor vehicle industry. This score is heavily influenced by your history with car loans and leases. A lot of consumers settle for financing through a buy here pay here car lot in Davis, due to a bad credit score, but you really want to stay clear of these dealers. We can help. At Golden West Auto Finance, we serve clients with credit problems of all kinds, getting them approved for the loans they need.

Credit Report Irregularities

For the best rate of interest, you ought to check your credit report for inaccuracies.

Thankfully, it doesn’t take all that long to challenge any errors, and doing it could contribute to a lower interest and much better terms.

Buy Here Pay Here Auto Loans in Davis, CA

Buy here pay here dealers primarily work with people who have truly serious credit problems such as:

  • Chapters 7 or 13
  • Auto Repossession
  • Collections
  • Judgments
  • Charge-offs

Customarily, dealer financing is indirect, in that car dealers work with a network of lenders to provide the loans, but buy here pay here dealers act as both lender and dealer.. Disadvantages include inflated lending rates and down payments, as well as overpriced vehicles and in-person payments If increasing your credit score is important to you, you should submit your application through us, since buy here pay here dealers won’t aid you in boosting your credit.

Getting a Loan for a Vehicle in Davis: Loan Amounts

Nearly all lenders review your income and credit score to determine how much they’re willing to lend you. We’ve included a table depicting the maximum loans for someone with an income of $4,626 a month, the average in Davis.

Credit Rating Multiplier Amount
Excellent Credit 10 $46,260
Fair Credit 9 $41,634
Subprime Credit 8 $37,008
Poor Credit 7 $32,382
Horrible Credit 6 $27,756

It’s smart to finance less than you can, in order to keep your debt low low.

Auto Loans with $370 Monthly Payment

Below we have a chart displaying what car can be afforded with a payment of $370, 20% down payment, and 60 month term.

Prime Credit Decent Credit Subprime Credit
Income Per Month $4,626 $4,626 $4,626
Monthly Installment $370 $370 $370
Rate 3.50% 7.00% 11.00%
Car Price $25,429 $23,362 $21,276
Money Down $5,086 $4,672 $4,255
Amount Borrowed $20,343 $18,690 $17,021
Interest Paid $1,862 $3,515 $5,184
Total with Interest $27,291 $26,877 $26,460

Ready to Find Your Loan?

If you have poor credit, we can help. We will place your application with a dealer or lender in your area.