Get an Auto Loan Quote

Auto Loans in Los Angeles (CA)

A low credit score. It’s discouraging. Fortunately, we ensure that you get access to bad credit car dealers in Los Angeles. Listed below are the secrets to our system

  • Advanced Application Placement System
  • Huge Network of Lenders
  • Detailed Buyer Education

Bad Credit Auto Financing Los Angeles California

Bad Credit Car Dealers in Los Angeles, CA

Most banks don’t lend to individuals who have weak credit. Thankfully, there are dealerships and specialty lenders that finance credit-challenged consumers. Unlike buy here pay here dealers, these dealerships offer:

  • Reasonable interest rates.
  • Lower down payments.
  • New and used vehicles.

Your credit and income will dictate how much car you can get financed. Here is an example based on an income of $1,851 per month, the average in Los Angeles:

Minimum Credit Score Income Factor Loan
700 10 $18,510
625 9 $16,659
575 8 $14,808
525 7 $12,957
300 6 $11,106

These numbers are simply approximations. You might not have the ability to borrow this much, particularly if you have a high debt-to-income ratio.

A dedicated finance specialist can help you determine how much you can borrow, and at what rate. To get going, simply submit your application.

Your Choice of Vehicle: New versus Used

Used and new cars each offer their own merits. You can finance a new car for longer, and at a cheaper rate, but you spend significantly more in the end.

New Car Pre-owned Car
Years Old 0 1
Price $18,510 $13,883
Down Payment $3,702 $1,388
Interest Rate 5.00% 7.50%
Length 60 months 48 months
Monthly Payment $279.45 $302.10
Interest $1,959 $2,006
Total Paid $20,469 $15,889

Buy Here Pay Here Dealers in Los Angeles, CA

Often known as buy here pay here, tote the note, or your job is your credit car lots, these establishments generally have a few fundamental features. They…

  1. Supply car loans in house.
  2. Do not perform credit checks.
  3. Want you to make your car payments 2-4 times per month, often at the lot.

Many consumers with very bad credit feel that a buy here pay here car lot is the only real place that will be willing to accept their credit. Unfortunately, the interest rates are a lot higher than you’d get from a dealership that does indirect lending. They also hardly ever report payments to the credit reporting agencies, meaning the borrower’s credit score isn’t likely to improve even if they pay off the loan as scheduled.

Can This Boost Your Credit Score?

Besides giving you the funds you’ll need, a car loan has the ability to help you raise your credit. To strengthen your credit, make your payments when they’re due, month in and month out. Of course, increases in credit score are progress, not immediate, gathering momentum in the course of months, even years. It is not easy to know the amount your score is going to climb, but credit gurus have observed a 5-10% improvement each month.

Cars from Los Angeles Dealers


Zipcode Make Model Minimum Price Maximum Price Condition
Total Records Found: , showing 5 per page



No Records found