Auto Loans in Pasadena (CA)

Here at Golden West Auto Finance, we help people in Pasadena get an auto loan, even with complications such as bad credit, zero credit, and zero down payment. As opposed to waiting until you are in a high-pressure situation at the dealership, we enable you to arrange financing in advance. You will be guided one step at a time through the lending process by a finance professional near you.

Credit Acceptance for Pasadena Car Buyers

  • Have an income of not less than $750 each couple of weeks.
  • Lower the amount financed by putting money down.
  • Assuming you have real credit problems, get someone to co-sign the loan.

Bad Credit Pasadena Car Loans

Old fashioned financial institutions like banks typically only finance people with very solid credit. That is, scores of 700 or higher. Finding a loan provider in Pasadena that finances bad credit is essential, or you could be rejected or be charged an unnecessarily high interest rate. Through us, you can contact an automotive financing professional from a dealer or lender in your zip code who wants to get you behind the wheel.

You want to purchase a vehicle that will fit your credit, not the other way round, so a conversation about financing typically comes before anything else.

To get the lowest rate you can, be sure you inquire about the buy rate. This is the rate offered by the lender before the dealer tacks on extra points for arranging the loan. If at all possible, your car payment should be equal to just 5-8% of your gross monthly income. As one example, a resident of Pasadena who earns $1,299 monthly, the average, should plan to fork out just $65 to $104, no more.

Pasadena Buy Here Pay Here Car Lots

For people who have been through bankruptcy or debt settlement, buy here pay here financing may well sound like a good plan. These dealerships provide funding directly, while a lot of dealerships contract this, and they are more focused on your income than your credit. Most often, used autos are the only ones on the lot, and these aren’t no money down cars. In most cases, the down payment equals the vehicle’s value at dealer auction, and interest rates that equal the California’s maximum legal limit are not unusual. Is boosting your credit important to you? Then you are better off applying through us, seeing as buy here pay here car lots won’t help you improve your credit.

Pasadena Consumer Profile

  • Income Per Annum: $15,583
  • Income Per Month: $1,299
  • Ideal Car Payment: $65 to $130 (5-10% of monthly income)

How Expensive a Car Can You Afford?

Check out this chart demonstrating what car you can afford with a monthly payment of $104, 20% down payment, and 60 month term.

Excellent Credit Decent Credit Bad Credit
Monthly Payment $104 $104 $104
Loan Rate 3.50% 7.00% 11.00%
Number of Years 5 5 5
Vehicle Price $7,141 $6,560 $5,974
Money Down $1,428 $1,312 $1,195
Borrowed Funds $5,712 $5,248 $4,780
Interest Paid $523 $987 $1,456
Total Paid $7,663 $7,547 $7,430

Contact a Vehicle Finance Professional Today!

If you’ve got poor credit, don’t worry. Our application is free of charge, and you could be pre-approved for financing within 24 hours.