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Auto Loans in Petaluma (CA)

Credit rating is crucial when it comes to getting approved for an auto loan. The APR rates for bad credit auto financing in Petaluma, California, are a good bit higher than those for people with good credit, and rates of acceptance are pretty low. A good credit score may grant you more options, but we can help you get the Petaluma auto loan you need at a rate you can afford.

In less than a minute, we can set you up with a financing professional who’ll work tirelessly to find you the car loan you need.

Petaluma Car Dealerships for Bad Credit

If you’ve got less-than-perfect credit, dealer financing is likely the only option you have, since most all the banks won’t be able to lend to you. Fortunately, there are dealers that can get you the loan you need at at a rate that’s competitive, given your income and other factors. More often than not, these dealers offer:

  • Interest rates that aren’t astronomical.
  • Down payments that don’t break the bank.
  • Vehicles that have fewer miles.

Your income and credit will dictate how much car you can get financed. Usually, when you’ve got bad credit, you can finance six to eight times the amount you make on a monthly basis. For the Petaluma resident earning $1,731 a month, this is $10,386 to $13,848. Then again, only 8% of your income ($138, in this example) should be earmarked for your car payment, which could very well limit what you can spend. Apply online to find out how much you can borrow.

Can You Get Approved with No Money Down?

Have you got a down payment saved for your new car? One might be required. Banks and lenders want to see you supply money down, as doing so will minimize risk built into the loan, meaning a lower APR rate and possibly better terms. The good news is, your trade allowance may be put toward your down payment. In that way, you can, effectively, finance a car with zero down.

Petaluma Buy Here Pay Here Dealers

The BHPH industry continues to grow, largely due to the fact that so many consumers’ credit scores were hit by the housing market and slow economy. These types of dealers approve financing directly, in contrast to regular dealers which utilize third-party lenders, and they regard your job as your credit. Sadly, you should expect high annual percentage rates, huge down payments, and high mileage vehicles that are too expensive given the shape they’re in. If that weren’t enough of an issue, these car lots don’t report back to the credit bureaus, so you could make all of your payments in a timely manner without any lift in your credit score.

Cars in Petaluma That Fit Your Budget

You can easily finance a car that overtaxes your budget. Check out the examples that follow, which demonstrate how much the Petaluma consumer ought to spend based on an income of $1,731 a month, a car payment that amounts to 8% of this income, and a repayment term of 60 months.

Good Credit Okay Credit Subprime Credit
Income Per Month $1,731 $1,731 $1,731
Monthly Installment $138 $138 $138
Loan Rate 3.50% 7.00% 11.00%
Money Down $1,903 $1,748 $1,592
Loan Amount $7,612 $6,994 $6,369
Interest Paid $697 $1,315 $1,940
Total Investment $10,212 $10,057 $9,901
Car Price $9,515 $8,742 $7,961

Used Cars for Sale in Petaluma


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