Auto Loans in Sacramento (CA)

A few years back, you needed to banks and lenders all over town, applying for loans to do a comparison of rates. At Golden West Auto Finance, we have simplified the process. Instead of waiting until you’re in the dealership’s financing office, we allow you to line up financing in advance. We match you with a finance professional who can help you obtain the car loan needed for the vehicle you desire.

New and Used Car Loans in Sacramento

If you’re looking for the best value for your money, then a pre-owned car is a wise choice. In spite of more expensive interest rates, pre-owned cars cost less money, as is clear in the table that follows.

New Car 1 Year Old 2 Years Old 3 Years Old
Percent of New Price 100% 75% 60% 50%
Sticker Price $9,720 $7,290 $5,832 $4,860
Down Payment $1,944 $729 $583 $486
APR 5.00% 7.50% 7.50% 7.50%
Years 5 4 4 4
Monthly Installment $146.74 $158.64 $126.91 $105.76
Interest $1,029 $1,054 $843 $702
Overall Cost $10,749 $8,344 $6,675 $5,562

It’s not necessary to make your decision now. Just submit your application, and talk to a vehicle finance professional about your options.

Sacramento Car Loans for People with Bad Credit

Poor credit does have some drawbacks, which generally include:

  • Elevated loan rates.
  • Larger down payments.
  • Shortened repayment terms.

A lot of consumers assume they have to get approved by a buy here pay here car lot in Sacramento, on account of bad credit, but odds are you can get financed at a more affordable rate from a subprime auto finance company. We have the solution. We specialize in serving customers on every end of the credit spectrum, helping them secure the loans they need.

Should Your Score Be Stronger?

In order to secure a low APR rate, remember to review your credit report for inaccuracies that could be lowering your score.

Once a year, you can check your credit without spending a dime at, in accordance with the FACT (Fair and Accurate Credit Transactions) Act, so as to make sure you receive the APR rate that’s in line with your credit.

Buy Here Pay Here Car Lots in Sacramento, California

Buy here pay here dealers hopes you assume that they’re the only ones that will finance you. However, this typically isn’t the way it is. Dealers like these will approve nearly anyone, regardless of their credit, but there are drawbacks.

Drawbacks include:

  • Outrageous APR Rates
  • Exorbitant Down Payments
  • Steeply-Priced Vehicles
  • GPS Tracking Devices

If strengthening your credit score is important to you, and it ought to be, you are better off applying through us, as BHPH dealers won’t help you strengthen your credit.

Sacramento Income and Finances

  • Gross annual Income: $11,666
  • Monthly Income: $972
  • Typical Car Payment: $107
  • Optimal Monthly Payment: $49 to $97 (5-10% of monthly income)

Sacramento Auto Loan Rates and Payments

The amount you should shell out on your new car depends on many different factors. These numbers are based on a monthly payment of $78, which is 8% of the average consumer’s monthly income in Sacramento, along with a 20% down payment and 5-year repayment terms. Loan rates are simply estimations.

Good Credit Fair Credit Bad Credit
Car Payment $78 $78 $78
APR 3.50% 7.00% 11.00%
Car Price $5,343 $4,909 $4,471
Money Down $1,069 $982 $894
Note Size $4,274 $3,927 $3,576
Interest Paid $391 $739 $1,089