Auto Loans in Highland (CA)

In Highland, there are several options for getting an auto loan, but not many firms have improved credit approval like us. We work with a vast network of dealers and lenders, and that means we can help applicants get pre-approved for a car loan, even if their credit isn’t the best. We match you with a credit specialist whose primary objective it is to get you approved for the car loan you need.

New and Used Vehicle Financing in Highland

At Golden West Auto Finance, we help customers purchase both new and pre-owned cars and trucks. What follows is an analysis of what it would cost you to finance a car that is brand new, compared to one that is 1-3 years old.

New Car 1 Year Old 2 Years Old 3 Years Old
Price $37,970 $28,478 $22,782 $18,985
Money Down $7,594 $2,848 $2,278 $1,899
APR 5.00% 7.50% 7.50% 7.50%
Duration 60 months 48 months 48 months 48 months
Monthly Installment $573.23 $619.70 $495.76 $413.13
Interest $4,018 $4,116 $3,293 $2,744
Total Cost $41,988 $32,593 $26,075 $21,729

A vehicle lending advisor will help you determine whether a new or used vehicle best meets your requirements. To talk with one, simply apply online.

Highland Bad Credit Car Loans

If you have top-notch credit, you will likely have the benefit of affordable rates of interest and advantageous terms, but most of us have faced credit problems thanks to the financial climate. Here is the good news: there are lending companies and dealers in Highland that have experience serving people who have bad credit. When you submit your application through Golden West Auto Finance, our team works to find you a lender or dealer in Highland who wants to get you in the driver’s seat.

Don’t forget, financing a car can strengthen your credit score by leaps and bounds.

In an effort to eliminate missed payments, consider having your car payment deducted straight from your banking account. Selecting the right payment amount is a must. To illustrate, let’s pretend you earn $3,797 per month, the average for Highland residents.

  • 5% of Income: $190 (Ideal)
  • 8% of Income: $304 (Okay)
  • 10% of Income: $380 (Maximum)

Buy Here Pay Here Dealerships in Highland, California

People today turn to buy here pay here dealerships, sometimes referred to as tote the note dealers, believing that they can only get financed without a credit check. Not the case. Dealers like these will finance almost anyone, regardless of their credit, but there are issues.

You’ll find that used autos are the only ones you can buy, and these aren’t no money down car deals. Normally, the down payment is not much less than what you would pay for the vehicle on the private market, and you could find yourself paying in excess of 20% APR. If bettering your credit score is important to you, you should contact a vehicle finance specialist through us, seeing as BHPH car lots won’t aid you in raising your credit.

Loan Pre-approvals for Highland Consumers

The size loan you will be able to borrow is determined by your income and credit. We’ve included a table depicting the maximum loans for individuals with an income of $3,797 per month, the average in Highland, California.

Credit Income Factor Amount Borrowed
Good Credit 10 $37,970
Fair Credit 9 $34,173
Subprime Credit 8 $30,376
Bad Credit 7 $26,579
Really Bad Credit 6 $22,782

How much you can borrow, and how much is advisable, are two separate things. Do you know how much car is within your budget? Check the numbers below. The annual percentage rates are only estimates, and the amounts are based on $45,560 in yearly income, the average in Highland. Repayment term is 60 months.

Great Credit Average Credit Poor Credit
Payment $304 $304 $304
Rate 3.50% 7.00% 11.00%
Repayment Months 60 60 60
Vehicle Price $20,872 $19,176 $17,464
Money Down $4,174 $3,835 $3,493
Amount Borrowed $16,698 $15,340 $13,971
Total Interest $1,528 $2,885 $4,255
Total Investment $22,400 $22,061 $21,718