Auto Loans in Porterville (CA)

An automobile is one of the biggest investments you will make, and finding an inexpensive interest rate is paramount. We’ve spent years securing relationships with dealers and lenders across California, and that means we can help applicants get pre-approved for a car loan, even if their credit isn’t perfect. We match you with a financing professional who can help you get the loan you need for the vehicle you want.

The Easiest Way to Get a Loan in Porterville

  • Unmatched range of California lenders and dealers.
  • Don’t have to negotiate price and financing at the same time.
  • Appointment to purchase your car.
  • Apply free of charge.

Porterville Bad Credit Car Loans

If you’ve got subprime credit, getting your car loan approved through a bank generally isn’t possible. While a low credit score could make it difficult to buy a new vehicle, you’ve got a few options. This is where we come into play. At Golden West Auto Finance, we are dedicated to serving people at every point on the credit spectrum, helping them secure the loans they need.

Dealerships for Bad Credit in Porterville

Getting your credit approved, not choosing a new car or truck, is the first order of business at car dealers that finance bad credit. The dealer may need you to present all of the following documentation:

  • Driver’s License
  • Proof of Income
  • Proof of Residence

All in all, your loan payment should equate to just 5-8% of your monthly income. For instance, a resident of Porterville who earns $1,291 each month, the average, should plan to fork out only $65 to $103.

Buy Here Pay Here Dealers in Porterville, CA

In house financing, also known as buy here pay here financing, has grown in recent years, mainly because so many people’s credit scores were hit by the housing market and slow economy. It’s true, they don’t perform credit checks, which means your credit problems shouldn’t be an impediment, but you will really pay for this over the long haul. Sadly, you can look forward to high interest rates, massive down payments, and vehicles that cost too much given their mileage and condition. There’s a good reason that these car dealers don’t have the best track record. We want to connect you with dealer finance professional who can get you in the driver’s seat of a great car, even if you’ve been through bankruptcy.

Porterville Consumer Profile

  • Gross annual Income: $15,497
  • Monthly Income: $1,291
  • Average Car Payment: $142
  • Optimal Monthly Payment: $65 to $129 (5-10% of monthly income)

Below we have a table displaying what car you can afford with a payment per month of $103, 20% down payment, and 5-year term.

Excellent Credit Fair Credit Subprime Credit
Payment $103 $103 $103
Rate 3.50% 7.00% 11.00%
Vehicle Price $7,097 $6,520 $5,938
Money Down $1,419 $1,304 $1,188
Total Interest $519 $981 $1,447