Auto Loans in Fremont (CA)

If you are shopping for a new car, there is a good chance you need an auto loan to afford the car you want. As opposed to waiting until you’re in the dealer’s finance office, we allow you to apply for a car loan in advance. You’ll be walked one step at a time through the lending process by a finance professional in your area.

New Car Auto Loans in Fremont

If you are looking to purchase a new car, consider these recommendations. You’re able to offer a down payment of 20%, and you aren’t considering getting rid of your car before it has been paid off. The average new car loan lasts more than 5 years, so if you like to replace your car after each couple of years, you should consider leasing a car.

Financing a Preowned Vehicle in Fremont

A used car is the best idea for consumers serious about saving money. The finance fees for used autos are slightly more expensive, but other advantages, such as a lower sticker price and flatter rate of depreciation, more than make up for these elevated rates. Lenders will have limits when it comes to mileage and year of production, however. Vehicle must have no more than 100,000 miles and not be over 7 years old. Have a look at this comparison of new and used auto loans in Fremont, California. These estimations rely on the following assumptions:

  • Three year old used vehicle.
  • Credit score of 690 to 720.
  • Simple Interest.
New Car Used Car
Price $54,090 $27,045
Down Payment $10,818 $2,705
APR 5.00% 7.50%
Duration 5 years 4 years
Monthly Payment $816.60 $588.53
Finance Charge $5,724 $3,909
Total Paid $59,814 $30,954

Bad Credit Car Loans in Fremont

Credit scores are critical when purchasing a car not just in Fremont, but everywhere. Has yours taken a few licks? This is the good news: there are lending companies and dealers in Fremont that accomodate people who have credit problems. Fortunately, we specialize in serving clients who have credit problems of all kinds, helping them secure the loans they need.

Mistakes on credit reports are getting to be pretty widespread. Have you checked that your credit hasn’t been subject to mistaken identity or human error?

Luckily, it doesn’t take too much time to overturn such irregularities, and the process could lead to a lower interest and improved terms.

Buy Here Pay Here Car Lots in Fremont, CA

People today in Fremont turn to buy here pay here dealerships, sometimes known as your job is your credit car dealers, thinking they can only get financed at such a place. Not the case. These types of dealerships grant credit lines directly, while traditional dealers farm this out to off site lenders, and they are more concerned with your job than your credit.

Regrettably, you should expect inflated annual percentage rates, massive down payments, and older vehicles that are steeply-priced. There’s a good reason that these retailers have a dirty reputation. We can connect you with a reputable dealer who can get you financed, even if your credit is dreadful.

Fremont Income and Finances

  • Income Per Year: $64,913
  • Income Per Month: $5,409
  • Recommended Monthly Payment: $433 (8% of monthly income)

Fremont Auto Loan Rates and Payments

Check out this chart, which shows what price car you can get financed based upon your credit rating, given an income of $5,409 per month, 5 year repayment, and a down payment of 20%.

Excellent Credit Decent Credit Bad Credit
Car Payment $433 $433 $433
Loan Rate 3.50% 7.00% 11.00%
Payment Term 5 Years 5 Years 5 Years
Vehicle Price $29,733 $27,317 $24,878
Down Payment $5,947 $5,463 $4,976
Interest Paid $2,177 $4,110 $6,061

Ready to Find Your Loan?

If you’ve got less-than-perfect credit, you may need help getting financed. We don’t charge an application fee, and you could be pre-approved for financing in no time.