Auto Loans in San Pablo (CA)

Arranging your financing ahead of time is a wise strategy, as the benefits are significant:

  • Less time spent at the dealership.
  • Probability of a less expensive interest rate.
  • Your own dealer visit.

Our network of dealerships and lenders is unrivaled, and we are experts in connecting you with the lender who suits you best. Typically, we’re able to match car shoppers with an interested lender or dealer even if they have credit problems due to bankruptcy or repossession.

New versus Used Cars in San Pablo

You can secure financing for a new or pre-owned car in San Pablo, but which is best? What follows is a comparison of what it costs to finance a vehicle that is 0-3 years old.

New Car 1 Year Old Car 2 Year Old Car 3 Year Old Car
Retail Price $43,810 $32,858 $26,286 $21,905
Owed Upfront $8,762 $3,286 $2,629 $2,191
Loan Rate 5.00% 7.50% 7.50% 7.50%
Years 5 4 4 4
Monthly Installment $661.40 $715.01 $572.01 $476.67
Finance Charge $4,636 $4,749 $3,799 $3,166
Overall Cost $48,446 $37,606 $30,085 $25,071

Although a new car costs more, it may be easier to get approved for a new car with a low credit score. Contact an auto finance specialist to learn more.

Bad Credit San Pablo Auto Loans

Bad credit makes for:

  • Steeper rates of interest.
  • Higher down payments.
  • Shortened finance terms.

Here’s the good news: there are loan providers and dealers in San Pablo that accomodate credit-challenged consumers. We have the solution. We are known for serving consumers at every point on the credit spectrum, getting them the loans they need.

A car loan can definitely help you in restoring your credit rating. But needless to say, you have got to make all of the payments and don’t miss any.

To eliminate missed payments, consider having your car payment subtracted right from your bank account.

Commit 8% of your monthly income, at most, for your car loan. If you are like the average San Pablo resident and have an income of $52,571 per year, this is $350.

Buy Here Pay Here Dealers in San Pablo, California

Buy here pay here car dealers usually do business with people who’ve got truly serious credit problems like:

  • Bankruptcy
  • Involuntary Repossession
  • Debt Settlement

Most dealer financing is indirect, in that dealerships work with banks and lenders with whom they have relationships to provide the loans. In contrast, buy here pay here dealers determine who gets approved on location, usually with no credit check. The fact is, you will be faced with exorbitant rates of interest, big down payments, and well-used vehicles that are overpriced. Is boosting your credit important to you? Then you should submit your application through us, since buy here pay here dealerships won’t assist you in re-establishing your credit.

San Pablo Income and Finances

  • Income Per Year: $52,571
  • Monthly Income: $4,381
  • Recommended Monthly Payment: $219 to $438 (5-10% of monthly income)

Buying a Vehicle in San Pablo: How Much to Spend?

The exact amount you ought to spend on a new car or truck is based on several factors. The estimates in the chart below derive from payments of $350, which is 8% of the average consumer’s monthly income in San Pablo, combined with a 20% down payment and 5-year loan. Lending rates are simply estimations.

Excellent Credit Average Credit Bad Credit
Car Payment $350 $350 $350
Interest Rate 3.50% 7.00% 11.00%
Term 5 Years 5 Years 5 Years
Purchase Price $24,082 $22,125 $20,150
Money Down $4,816 $4,425 $4,030
Loan $19,266 $17,700 $16,120
Total Interest $1,763 $3,329 $4,909
Total Amount Paid $25,845 $25,454 $25,059

Your Car Loan is Waiting

At Golden West Auto Finance, we take great pride in getting behind the wheel of a new car. A finance manager will guide you through the lending process, helping you borrow your funds at a fair rate.