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Auto Loans in Auburn (CA)

Every single day, we help people in Auburn secure auto loans, even with obstacles such as poor credit, lack of credit, and zero down payment. Instead of waiting until you are in negotiations at the dealership, we allow you to apply for a car loan in advance. We put you in touch with a finance professional whose job it is to get you approved for the car loan you need.

Car Loan Auburn CA

Bad Credit Car Dealerships in Auburn, California

Many dealerships that offer in house financing, often known as buy here pay here dealers, do not require credit inquiries. However, chances are they don’t report to the credit agencies, meaning they will not help you improve your credit score. You’ll be happier finding a dealer that can finance your bad credit through an off-site lender. Yes, they’ll perform credit checks, but they also work with the credit bureaus, which is rare among smaller car lots that offer financing in-house. In any sub-prime lending scenario, you can expect:

  • Much higher rates of interest.
  • Larger down payments.
  • Smaller sized loan amounts.

However, bear in mind you’ll be getting not just a car, but also the opportunity to improve your credit score. There are a great number of dealerships in our network, and they want to get you the car you deserve. Just go here to apply online.

Is a New Vehicle the Way to Go?

New and used vehicles each offer their own benefits. In some cases, a used car is the way to go. The APR rates for new cars are low, but pre-owned vehicles are substantially less expensive.

New Car Used Car 1 Used Car 2 Used Car 3
Age New 1 year old 2 years old 3 years old
Price tag $26,770 $20,078 $16,062 $13,385
Down Payment $5,354 $2,008 $1,606 $1,339
Interest Rate 5.00% 7.50% 7.50% 7.50%
Years 5 4 4 4
Payment $404.15 $436.91 $349.53 $291.27
Total Interest $2,833 $2,902 $2,321 $1,935
Total Outlay $29,603 $22,979 $18,383 $15,320

Buy Here Pay Here (BHPH) Dealers in Auburn, CA

Auburn Buy Here Pay Here

Known as buy here pay here, tote the note, or your job is your credit car lots, these establishments generally have a few principal features:

  • They supply car loans without 3rd party approval.
  • They do not pull your credit.
  • They want you to make payments 2-4 times per month, often at the lot.

For folks who have terrible credit, Auburn buy here pay here car lots tend to be the only option, even though California bad credit car loans from banks and credit unions typically feature lower rates.

Rejuvenating Your Credit in Auburn

Want to restore your credit? Then steer clear of in house financing dealers. The lenders and dealers in our network can help you restore your credit. A car loan can enhance two chief credit score components:

  1. Payment History (35% of score).
  2. Credit Mix (10% of score).

Needless to say, this is a two-edge sword: you can make things worse if you fall behind on your payments. Of course, the advantages of an increased score are considerable:

  • More affordable finance and insurance rates.
  • Chance to refinance existing loans.
  • No security deposits for cell phones, rentals, and utilities.

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