Auto Loans in Pico Rivera (CA)

Are you shopping for a new or used vehicle, but you still need a car loan? We can help. For years, we’ve been establishing a network of dealers and lenders across the United States, and we are dedicated to matching you to the dealer that can get you in the car you want. Experience the convenience of working with a dedicated finance specialist to help answer your questions and line up your loan.

Why Get Your Loan Approved Ahead of Time?

  • Deep network of California dealers and lenders.
  • Don’t have to negotiate price and APR all at once.
  • Schedule an appointment to choose your car or truck.
  • Apply free of cost.
  • Both new and pre-owned cars and trucks approved for financing.

Financing a Car in Pico Rivera with Bad Credit

There are a number of downsides to auto loans with bad credit:

  • You will have to pay more total interest.
  • You have to put more money down.
  • You have to finance for shorter terms.

Naturally, you don’t want to waste time trying to find a dealer or lender in Pico Rivera that will work with subprime credit. When you apply for financing through Golden West Auto Finance, our team works to match you with a dealer or lender in your area who wants to approve you for financing.

Dealerships in Pico Rivera That Finance Bad Credit

Getting your credit approved, not choosing your vehicle, is the first order of business at bad credit car dealers in Pico Rivera. Car dealerships have been known for charging steeper rates than they have to. To be sure you get an affordable rate, be sure to ask the dealer the buy rate. This is the rate offered by the lender before the dealership adds extra points for setting up the loan. Never let yourself be tempted into purchasing a car that’s higher in price than you feel comfortable with. The extra stress isn’t worth it in the end..

Buy Here Pay Here Dealers in Pico Rivera, California

Have you considered a buy here pay here dealer on account of bad credit? Ordinarily, there are more attractive alternatives. Nearly all dealer finance is outsourced, as dealers work with banks or credit unions to provide the loans. On the other hand, BHPH dealers are the actual source of the loans. Issues include excessively high interest rates that frequently match California’s usury laws, as well as high rates of repossession There is a reason that these car dealers don’t have a very good track record. Let us match you with a reputable dealer who can get you financed, even if your credit is horrible.

Buying a Car in Pico Rivera: How Much You Can Finance

The maximum loan you can get will depend on how much money you earn, and how strong your credit score is. The following numbers incorporate an income of $1,964 a month, which is typical for people who live in Pico Rivera.

Credit Score Income Factor Sum
Excellent Credit 10 $19,640
Decent Credit 9 $17,676
Slow Credit 8 $15,712
Bad Credit 7 $13,748
Terrible Credit 6 $11,784

How much you can borrow, and how much is advisable, aren’t one in the same.

Auto Loans with $157 Monthly Payment

Have a look at this chart showing what car you can afford with a payment per month of $157, 20% down payment, and 5-year term.

Exceptional Credit Fair Credit Bad Credit
Monthly Income $1,964 $1,964 $1,964
Monthly Installment $157 $157 $157
Loan Rate 3.50% 7.00% 11.00%
Purchase Price $10,796 $9,919 $9,033
Money Down $2,159 $1,984 $1,807
Loan Amount $8,637 $7,935 $7,226
Interest Paid $790 $1,492 $2,201
Total Paid $11,586 $11,411 $11,234

Submit Your Online Application

At Golden West Auto Finance, our mission is getting in the driver’s seat of a new car. Submit your application, and we’ll get you approved. It’s quick, safe, and there’s nothing to lose.