Auto Loans in Roseville (CA)

If you are shopping for a new car, it’s quite possible you will need a car loan to complete your purchase. We’ve spent years building relationships with lenders and dealers across the state of California, and that means we can help applicants of every credit type and budget. Ordinarily, we’re able to place car shoppers with an appropriate dealer or lender within seconds of application.

New and Used Vehicle Loans in Roseville

If you’d like the best value for your money, then a pre-owned car is the best option. What follows is an analysis of what it would cost you to finance a vehicle that is new versus 1, 2, or 3 years old.

New Car 1 Year Old 2 Years Old 3 Years Old
Depreciation 0% 25% 40% 50%
Price $56,690 $42,518 $34,014 $28,345
Owed Upfront $11,338 $4,252 $3,401 $2,835
Loan Rate 5.00% 7.50% 7.50% 7.50%
Length 5 years 4 years 4 years 4 years
Monthly Payment $855.85 $925.22 $740.18 $616.82
Interest $5,999 $6,145 $4,916 $4,097
Total Cost $62,689 $48,662 $38,930 $32,442

Here’s one other thing to think about: new cars may be easier to finance with a low credit score, since a good many lending companies prefer new vehicles. Contact an auto finance professional for more information.

Buying a Car with Bad Credit in Roseville

Have bad credit on account of outstanding debts, unemployment, repossession, or bankruptcy? Luckily, there are finance companies and dealers in Roseville that welcome credit-challenged consumers. Fortunately, we serve consumers all across the credit spectrum, getting them approved for the loans they need.

A large element of your credit score is determined by your record of payments. That means a car loan, being a major loan, can help you repair your credit.

Having said that, missing one simple payment can decrease your score substantially. Settling on an appropriate payment amount is essential. As an example, let us suppose you make $5,669 per month, the average for Roseville residents.

  • 5% of Income: $283 (Ideal)
  • 8% of Income: $454 (Okay)
  • 10% of Income: $567 (Maximum)

Buy Here Pay Here Dealerships in Roseville, CA

Folks in Roseville turn to buy here pay here auto lots, believing that they will only be able to finance a car at a place like this. Rarely is this the case. In most cases, dealer finance is outsourced, as dealers work with banks or credit unions to provide the loans, but BHPH dealers don’t. They are the actual source of the loans.

Most often, used cars and trucks are the only ones offered, and you may be required to pay weekly, at the lot. Repossession is frequent, and the interest rates are extremely high. There’s a reason that these dealerships don’t have the best reputation. We want to place you with a reputable dealer who can get your loan funded, even if you have bad credit.

Roseville Income and Finances

  • Per-Year Income: $68,032
  • Monthly Income: $5,669
  • Average Car Payment: $624
  • Recommended Monthly Payment: $283 to $567 (5-10% of monthly income)

The amount you ought to put into your new car is determined by an array of factors. These numbers are based on a monthly payment of $454, which is 8% of the average consumer’s monthly income in Roseville, combined with a 20% down payment and 5-year loan. Rates of interest are approximated.

Great Credit Decent Credit Subprime Credit
Monthly Payment $454 $454 $454
Loan Rate 3.50% 7.00% 11.00%
Number of Years 5 5 5
Car Price $31,162 $28,630 $26,073
Down Payment $6,232 $5,726 $5,215
Total Interest $2,281 $4,308 $6,352