Auto Loans in Huntington Beach (CA)

In Huntington Beach, there are several options for getting a car loan, but not many companies have simplified the experience like us. We serve consumers in Huntington Beach and across California, helping them locate a lender or dealer willing to approve their credit. You’ll be led step-by-step through the process by a finance professional based where you live.

New versus Pre-owned Cars in Huntington Beach

Each and every day, we help consumers in purchasing new and pre-owned vehicles both. Here we have a breakdown of how much it would cost you to finance a car that costs $36,400 new, as it ages from new to 3 years old.

New Car 1 Year Old 2 Years Old 3 Years Old
Sticker Price $36,400 $27,300 $21,840 $18,200
Owed Upfront $7,280 $2,730 $2,184 $1,820
Interest Rate 5.00% 7.50% 7.50% 7.50%
Years 5 4 4 4
Payment $549.53 $594.08 $475.26 $396.05
Total Interest $3,852 $3,946 $3,157 $2,630
Overall Cost $40,252 $31,246 $24,997 $20,830

You don’t need to decide today, but if you submit your application, you can speak to a vehicle finance specialist about your options.

Huntington Beach Bad Credit Car Loans

Below-average credit has several disadvantages:

  • You will have to pay more interest.
  • You have to have a larger down payment.
  • You have to stick with a shorter term loan.

While non-prime credit can make it tricky to purchase a car, it is by no means hopeless. We have the solution. At Golden West Auto Finance, we are experts in serving customers at every point on the credit spectrum, helping them secure the loans they need.

If you have good credit rating, you spend almost all your time at the dealership viewing vehicles. If you have bad credit, however, you will put attention more on your interest rate, lending terms, and down payment.

To get the lowest rate available, remember to inquire about the rate offered by the lender. Never be lured into getting a vehicle which costs more than you anticipated. Don’t forget, you have a credit score to rebuild.

Buy Here Pay Here Dealers in Huntington Beach, CA

Buy here pay here dealers ordinarily do business with people who’ve got truly serious credit problems such as:

  • Filing bankruptcy
  • Vehicle Repossession
  • Collections
  • Judgments
  • Charge-offs

Nearly all dealer finance isn’t direct to the consumer, as dealerships work with various lenders to provide the loans, but buy here pay here dealers are the actual source of the loans.

Cons include exorbitant interest rates and steeply-priced vehicles and bimonthly payments That isn’t all: these dealerships rarely report to the credit bureaus, which means you could make each and every payment as agreed with no boost to your credit score.

Loan Amounts for Huntington Beach Consumers

Here we have the maximum loan amount you could borrow given different levels of credit. We’ve provided a table that depicts potential pre-approvals for people with an income of $3,640 a month, the average in Huntington Beach.

Credit Income Factor Amount
Great Credit 10 $36,400
Fair Credit 9 $32,760
Slow Credit 8 $29,120
Bad Credit 7 $25,480
Really Bad Credit 6 $21,840

However, it’s advisable to buy a cheaper car than you’re pre-approved to finance.

Financing a Car with $291 Monthly Payment

Check out this chart, which shows you what price car you can afford based upon your credit standing, provided an income of $3,640 per month, 60 month repayment, and 20% down.

Excellent Credit Average Credit Bad Credit
Income Per Month $3,640 $3,640 $3,640
Monthly Payment $291 $291 $291
Loan Rate 3.50% 7.00% 11.00%
Payment Period 5 Years 5 Years 5 Years
Vehicle Price $20,009 $18,383 $16,741
Money Down $4,002 $3,677 $3,348
Loan Amount $16,007 $14,706 $13,393
Interest Paid $1,465 $2,766 $4,079

Contact a Finance Professional Near You

We can get you behind the wheel of a new car. We will match you with a finance professional from a dealer or lender in your area.