Auto Loans in Santa Rosa (CA)

We see too many Santa Rosa consumers who are worried about being rejected for a car loan on account of credit problems. We work with a wide network of dealers and lenders, which means we can help applicants of every kind, from good credit to bad. More often than not, we can place applicants with the right dealer or lender even if their credit has been weakened by bankruptcy or repossession.

The Most Convenient Way to Get Approved in Santa Rosa

  • Vast range of California lenders and dealers.
  • Don’t have to negotiate price and funding simultaneously.
  • Less time wasted haggling at the time of purchase.
  • 100% financing frequently offered to qualified consumers.

Santa Rosa Bad Credit Car Loans

Less-than-perfect credit has several drawbacks:

  • You will have to pay more in interest.
  • You have to have a larger down payment.
  • You have to finance for shorter terms.

Needless to say, you don’t want to waste a lot of time seeking out a bank or finance company in Santa Rosa that works with bad credit borrowers. When you apply for financing through Golden West Auto Finance, we work to match you with a lender or dealer in Santa Rosa who is ready to approve your loan.

A big part of your credit score is predicated upon your payment history, and making payments on your new auto loan can help you in restoring your credit. Indeed, you may be able to refinance your car or truck once your score has risen by enough points. Don’t overload your finances with an excessive car payment. Typically 5-8% of your monthly income is best, or $160 to $257 if you get paid $3,207, the average in Santa Rosa.

Santa Rosa Buy Here Pay Here Dealers

Buy here pay here car dealers ordinarily help people who have severe credit problems such as:

  • Filing bankruptcy
  • Property Foreclosure
  • Vehicle Repossession
  • Debt Settlement
  • Collections

Dealers like these will approve nearly anyone, no matter their credit, but there are disadvantages.

Unfortunately, you should be prepared for high rates of interest, massive down payments, and cars and trucks that are too expensive for their age and condition. As if that weren’t enough, these car lots don’t work with the credit agencies, which means you could make each and every payment on time without increasing your credit score.

Santa Rosa Income and Finances

  • Income Per Annum: $38,485
  • Income Per Month: $3,207
  • Ideal Monthly Payment: $160 to $321 (5-10% of monthly income)

To sum up, the ideal auto loan incorporates a down payment of 20%, car payment of 8% of monthly income, and term length of 5 years or less. Given an income of $3,207 per month, let’s see the amount you could spend based on your credit.

Great Credit Average Credit Bad Credit
Monthly Income $3,207 $3,207 $3,207
Car Payment $257 $257 $257
Loan Rate 3.50% 7.00% 11.00%
Sticker Price $17,629 $16,196 $14,750
Down Payment $3,526 $3,239 $2,950
Loan Amount $14,103 $12,957 $11,800
Total Interest $1,290 $2,437 $3,594