Auto Loans in Ventura (CA)

When it comes to financing a car in Ventura, few if any firms have refined the process like ours has. As opposed to waiting until you’re in the dealer finance office, we allow you to apply for financing in advance. You will be led one step at a time through the lending process by a financing specialist in your city.

Credit Approval for Ventura Car Buyers

  • Have an income of at least $325 a week.
  • Offer at least 10% of the purchase price in advance.
  • Finance for no longer than 5 years.
  • Go with a car which costs just 10-50% of the amount you make on an annual basis.

Bad Credit Ventura Car Loans

Banking institutions usually fund loans only for people who have good credit. That is, scores of 700 at least. Needless to say, you don’t want to waste a lot of time struggling to find a lender or dealer in Ventura that works with lower credit scores. We have the solution. At Golden West Auto Finance, we serve customers with credit problems of all kinds, helping them secure the loans they need.

Credit report irregularities have grown fairly prevalent. Have you checked that your credit report is devoid of errors?

Thank goodness, it doesn’t take too much effort to challenge any discrepancies, and the process could help you secure a lower interest and better terms.

Buy Here Pay Here Dealers in Ventura, CA

Buy here pay here dealers would like you to believe that they’re your only option, yet this is seldom the case. These dealers grant financing directly, in contrast to conventional dealerships which work with banks and finance companies, and they finance just about anyone. Sadly, you can expect excessive loan rates, big down payments, and older vehicles that are too expensive in light of the shape they’re in. Because of this, these dealerships have a bad reputation. We want to match you with a reputable dealer who can get you financed, even if your credit is terrible.

Securing Funds for a Car in Ventura: The Amount You Can Borrow

Want to know how much you can finance based on factors like your income and credit? As an example, check out these figures for the average Ventura consumer who has a monthly income of $1,632.

Credit Rating Income Factor Loan
Great Credit 10 $16,320
Average Credit 9 $14,688
Slow Credit 8 $13,056
Poor Credit 7 $11,424
Terrible Credit 6 $9,792

How much you can borrow, and how much you really should, are two different things.

Auto Loans with $131 Monthly Payment

Take a look at this table, which shows what price car you can get financed based upon your credit rating, along with an income of $1,632 per month, 60 month term, and 20% due at signing.

Exceptional Credit Fair Credit Bad Credit
Monthly Installment $131 $131 $131
Loan Rate 3.50% 7.00% 11.00%
Vehicle Price $8,971 $8,242 $7,506
Down Payment $1,794 $1,648 $1,501
Interest Paid $657 $1,240 $1,829
Total Investment $9,628 $9,482 $9,335