Auto Loans in Delano (CA)

A car, truck, or SUV is among the largest assets in your life, but if you are savvy in how you tackle the financial part of the equation, you will save a ton of money in the end. We have access to a diverse network of lenders and dealers, and we have finance professionals ready to finance your purchase. It is hard to find a more convenient way to obtain the financing you need.

Reasons Delano Consumers Choose us

  • Huge network of California lenders and dealers.
  • Schedule an appointment to buy your car or truck.
  • Zero application fees.

Delano Car Loans for Bad Credit

Credit score is pivotal when financing a car, no matter where you live. Has yours weathered a few bumps along the way? You don’t want to deal with a credit denial. This is the reason it’s important to contact a lender or dealer in Delano that provides auto loans for subprime credit. We can help. At Golden West Auto Finance, we serve clients at every point on the credit spectrum, getting them the loans they need.

Delano Bad Credit Car Dealerships

If you have a good credit rating, to start with you will see what vehicles are available. If you have bad credit, however, you will take more time lining up your financing, including your interest rate, lending terms, and down payment. Your dealer may expect you to present some documentation such as proof of income, proof of residence, and driver’s license. Avoid being persuaded into purchasing a vehicle which costs more than you budgeted for. It will put you at a higher risk of default, which would only do more harm to your credit..

Buy Here Pay Here Car Lots in Delano, California

Considering a buy here pay here dealer because of bad credit? Normally, there are better alternatives. These types of dealerships provide car loans directly, in contrast to regular dealers which utilize one of their affiliated lenders, and they typically don’t check your credit.

Cons include:

  • Ridiculous Finance Fees
  • Outrageous Down Payments
  • Steeply-Priced Autos
  • GPS Tracking Devices

As if that weren’t a problem, these dealerships almost never report back to the credit agencies, so you could make all of your payments in a timely manner without any boost to your credit score.

Purchasing a Car in Delano: Loan Amounts

The higher your credit, the more you can finance. The same goes for your income. As an example, have a look at these amounts for the average Delano resident who gets paid $1,163 per month.

Credit Income Factor Sum
Excellent Credit 10 $11,630
Average Credit 9 $10,467
Subprime Credit 8 $9,304
Poor Credit 7 $8,141
Really Bad Credit 6 $6,978

It’s always good to borrow less than you can, as a way to keep your debt to income ratio low.

Auto Loans at $93 per Month

Have you determined how much car is in your budget? Have a look at the chart below, but keep in mind the interest rates are only estimations, and the numbers are based upon an income of $13,956 annually, the Delano average. Repayment term is 5 years.

Prime Credit Fair Credit Poor Credit
Monthly Installment $93 $93 $93
APR 3.50% 7.00% 11.00%
Car Price $6,393 $5,873 $5,349
Money Down $1,279 $1,175 $1,070
Total Interest $468 $884 $1,303
Total Amount Paid $6,861 $6,757 $6,652

Ready to Get Approved?

We can get you behind the wheel of a new car. A finance professional will take you step-by-step through the approval process, helping you get approved at a fair rate.