Auto Loans in La Mesa (CA)

If you’re thinking of financing a car in La Mesa, not many companies have streamlined the process like us. Rather than waiting until you’re in a high-pressure situation at the dealership, we allow you to apply for financing ahead of time. You can expect to be led step by step through the lending process by a lending specialist near you.

New versus Pre-owned Cars in La Mesa

Pre-owned cars have steeper rates than new ones. However, for savvy consumers, they are the more sensible choice. What follows is an analysis of the cost to finance a car that is new as opposed to 12, 24, or 36 months old.

New Car 1 Year Old Car 2 Year Old Car 3 Year Old Car
Depreciation 0% 25% 40% 50%
Retail Price $18,410 $13,808 $11,046 $9,205
Down Payment $3,682 $1,381 $1,105 $921
APR 5.00% 7.50% 7.50% 7.50%
Term 5 years 4 years 4 years 4 years
Monthly Payment $277.94 $300.47 $240.37 $200.31
Finance Fees $1,948 $1,996 $1,596 $1,330
Total Paid $20,358 $15,803 $12,642 $10,535

There’s no need to decide now. Just apply online, and talk to a vehicle finance expert about your options.

Bad Credit La Mesa Auto Loans

Credit score is crucial when trying to finance a car, no matter where you live. Has yours taken a few licks? Seeking out a loan lender in La Mesa that finances bad credit is vital, or you could be denied or have to deal with an unnecessarily high APR rate. This is where we come into play. We are experts in serving clients all across the credit spectrum, getting them approved for the loans they need.

Bad Credit Car Dealers in La Mesa

Looking for a car for which you can get approved at a decent rate is vitally important, , particularly when you will have a high interest rate because of bad credit.

If you apply through us, you can usually discuss the main points of your finance contract beforehand, then select a time for you to sign and drive. You shouldn’t be persuaded into buying a car or truck which costs more than you budgeted for. Re-establishing your credit is the most important thing.

Buy Here Pay Here Auto Loans in La Mesa, CA

In house financing, better referred to as buy here pay here financing, has grown in recent years, largely because so many people’s credit scores suffered on account of the economic crisis. They might not conduct credit assessments, which means bad credit shouldn’t be a hurdle to approval, but you will really pay for this over time. You’ll find that preowned vehicles are the only thing available, and these La Mesa dealers may expect you to have an remote interlock placed in your vehicle. Repossession is a common occurrence, and the interest rates are very high. There’s a reason why these retailers have a dirty reputation. Let us match you with subprime finance specialist who can get you approved, even if you’ve had to file bankruptcy.

La Mesa Income and Finances

  • Yearly Income: $22,089
  • Monthly Income: $1,841
  • Optimal Monthly Payment: $147 (8% of monthly income)

Take a look at this chart, which displays what price car you can get financed given your credit score, along with an income of $1,841 on a monthly basis, 5 year loan, and 20% due at signing.

Excellent Credit Decent Credit Subprime Credit
Payment Amount $147 $147 $147
Loan Rate 3.50% 7.00% 11.00%
Car Price $10,120 $9,297 $8,467
Down Payment $2,024 $1,859 $1,693
Loan $8,096 $7,438 $6,774
Interest Paid $741 $1,399 $2,063

Submit Your Finance Application

If your credit score isn’t very good, we can help. Apply online, and we’ll get you approved. It’s fast, safe, and risk-free.