Auto Loans in Tarzana (CA)

On a daily basis, we help people in Tarzana get an auto loan, even when they are contending with common hurdles:

  • Subprime Credit
  • Lack of Credit
  • No Down Payment

Our knowledge of the industry is second to none, and we have one of the best success rates in the business. You will enjoy the convenience of having a devoted lending consultant to address the questions you have and arrange your loan.

Tarzana Car Loan Rates

Finding the the best rate of interest you possibly can should be your number one goal. After all, it will dictate how much you pay for your vehicle in sum total. To illustrate how important your rate of interest is, consider the difference in total interest paid at 3.50% versus 11.00% APR:

  • $20,488 financed at 3.50% APR for 60 months: $1,875 paid in total interest.
  • $20,488 financed at 11.00% APR for 60 months: $6,240 paid in total interest.

It’s extremely tough to predict your rate of interest without having information such as your credit score and income. Simply complete your application and discover what rates an area dealer can provide.

Used Vehicle Financing in Tarzana

Pre-owned cars have significant advantages not available from brand new ones. A vehicle that’s two years old is worth around 50% of the original price. Financing less means less interest accrued, even when you’ve got a less affordable rate of interest. Worried there will be service issues? This can be reduced by looking for a vehicle that is still covered by its factory warranty or buying an aftermarket service contract. In the long run, a used car is typically a better financial choice.

Bad Credit Tarzana Auto Loans

Have bad credit on account of issues like unpaid debts, job loss, foreclosure, or even bankruptcy? So many consumers believe they have to finance through one of the buy here pay here car dealers in Tarzana, due to a bankruptcy or other problems, but it’s likely that you can get a car loan at a more affordable rate from a subprime auto lending company. When you submit your application through Golden West Auto Finance, we work to match you with a lender or dealer in Tarzana who is ready to work with your credit.

They now say that 20% of the American population have a mistake on their credit report, as reported by one of the primary credit reporting agencies.

You should review your credit report at least one time yearly. Not doing it could bring about higher rates, scaled-down loans, and less chance for approval.

Buy Here Pay Here Dealerships in Tarzana, CA

Maybe you’ve thought about BHPH financing on account of bad credit? Normally, there are better options. They may not carry out credit checks, meaning your credit problems ought not be an obstacle to approval, but you end up paying a lot for this. The fact is, you should expect exorbitant rates of interest, massive down payments, and high mileage vehicles that are steeply-priced. Is strengthening your credit a concern for you? Then you are better off applying through us, seeing as BHPH car lots won’t help you improve your credit.

Purchasing a Vehicle in Tarzana: How Much You Can Finance

As you may know, creditors review your credit and income to determine how much they are going to lend you. We’ve provided a table that depicts potential pre-approvals for someone with an income of $2,561 a month, the average in Tarzana.

Credit Income Factor Amount Borrowed
Excellent Credit 10 $25,610
Decent Credit 9 $23,049
Temporary Bad Credit 8 $20,488
Bad Credit 7 $17,927
Horrible Credit 6 $15,366

In reality, it’s safer to secure a smaller loan than you really can. Below we have a chart showing what car you can afford with a payment amount of $205, 20% down payment, and 60 month term.

Excellent Credit Average Credit Bad Credit
Monthly Income $2,561 $2,561 $2,561
Monthly Installment $205 $205 $205
APR 3.50% 7.00% 11.00%
Repayment Years 5 5 5
Purchase Price $14,078 $12,934 $11,779
Money Down $2,816 $2,587 $2,356
Loan $11,262 $10,347 $9,423
Interest Paid $1,031 $1,946 $2,870
Overall Investment $15,108 $14,880 $14,649

Complete Your Credit Application

At Golden West Auto Finance, we’re experts at getting behind the wheel of a new car. Submit your application, and we’ll get you approved. It’s quick, safe, and there’s no fee.