Auto Loans in Venice (CA)

If you’d like a car loan in Venice, you have discovered the right team. We serve consumers in Venice and all over California, helping them get approval online for financing. Let us match you with a finance professional who can help you obtain the car loan required for the vehicle you prefer.

New and Used Car Financing in Venice

Both used and new vehicles can be purchased through our participating dealers and lenders. As comparison below shows, used cars do cost you less in the long run, in spite of their elevated loan rates.

New Car 1 Year Old 2 Years Old 3 Years Old
Depreciation 0% 25% 40% 50%
Sticker Price $25,610 $19,208 $15,366 $12,805
Owed Upfront $5,122 $1,921 $1,537 $1,281
APR 5.00% 7.50% 7.50% 7.50%
Months 60 48 48 48
Monthly Payment $386.63 $417.97 $334.38 $278.65
Finance Charge $2,710 $2,776 $2,221 $1,851
Total Paid $28,320 $21,984 $17,587 $14,656

Newer cars are deemed lower risks, however, so you may have an improved chance of being approved if you have a history of bad credit.

Venice Bad Credit Car Loans

There are all kinds of things that result in a bad credit score: unpaid bills, foreclosure, bankruptcy, and much more. So many consumers wind up getting financed through a buy here pay here car dealership in Venice, due to bankruptcy or other problems, but odds are you can get approved at a lower rate from a subprime auto finance company. We can help. We serve clients at every point on the credit spectrum, helping them secure the loans they need.

If you have bad credit, your salesperson will speak with you about financing before anything else.

To make certain that your application data is legitimate, you will typically need to furnish documentation that confirms:

  • Your income.
  • Your place of residence.
  • Whether you’re covered in terms of insurance.

Don’t be tempted into getting a car which costs more than you feel comfortable with. Keep in mind: improving your credit score is of utmost importance.

Venice Buy Here Pay Here Financing

People in Venice and throughout California turn to buy here pay here car lots, often known as in house financing car lots, thinking that they will only be able to get financed with no credit check. Not so. Sure, they rarely require credit assessments, meaning your credit problems ought not be an obstacle to getting approved, but you end up paying quite a lot for this.

Cons include inflated loan rates that border on California’s maximums, as well as high rates of repossession This is why these retailers don’t have a good track record. Let us connect you with a reputable dealer who can get you in the driver’s seat of a great vehicle, even if your credit is awful.

Venice Income and Finances

  • Gross annual Income: $30,734
  • Income Per Month: $2,561
  • Average Car Payment: $282
  • Optimal Monthly Payment: $205 (8% of monthly income)

Are you wondering how much car could suit your budget? Have a look at the numbers below, but remember that the rates of interest are only approximations, and the amounts are derived from $30,734 in yearly income, the Venice average. Repayment term is 60 months.

Exceptional Credit Decent Credit Poor Credit
Income Per Month $2,561 $2,561 $2,561
Car Payment $205 $205 $205
APR 3.50% 7.00% 11.00%
Vehicle Price $14,078 $12,934 $11,779
Money Down $2,816 $2,587 $2,356
Loan Amount $11,262 $10,347 $9,423
Interest Paid $1,031 $1,946 $2,870
Total Amount Paid $15,108 $14,880 $14,649

Ready to Get Rolling?

We’re your trusted source when it comes to getting a car financed in Venice. Our application is free of charge, and you could be driving down the streets of Venice before you know it.