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Auto Loans in Santa Rosa (CA)

Before the dawn of the internet, financing a car with bad credit in Santa Rosa, California, was almost impossible. Then we emerged as a market-leader. We understand the complications that Santa Rosa residents with bad credit struggle with.

Advantages we provide include:

  • Leading-Edge Data-Matching System
  • Extensive Network of Dealers
  • Detailed Borrower Education

Bad Credit Auto Loan Santa Rosa California

Bad Credit Car Dealers in Santa Rosa, California

Car dealerships able to assist consumers with sub-prime financing are often referred to as bad credit car dealerships. Any time you have less-than-perfect credit, you can expect:

  • Greater interest rates.
  • Significant down payments.
  • More cost-effective vehicles.

However, it’s a lot better than not having a new car at all, and these dealers can help you restore your credit and secure lower rates of interest later on. At Motive Auto Finance, we work with many such dealerships, and you can get pre-approved by applying online.

Is a New Vehicle Best?

Have you thought about whether you’re in the market for a new or used car? It’s an important decision. In many cases, a pre-owned vehicle is best. The interest rates for new cars are lower, but used cars are much cheaper.

New Car Pre-owned Car
Age New 3 Years Old
Price $32,070 $16,035
Down Payment $6,414 $1,604
Loan Rate 5.00% 7.50%
Years 5 4
Payment Amount $484.16 $348.94
Total Interest $3,394 $2,318
Total Investment $35,464 $18,353

Buy Here Pay Here Dealerships in Santa Rosa, CA

In House Financing Car Dealers in Santa Rosa CA
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Known as in house financing, your job is your credit, or we tote the note car lots, these establishments ordinarily have a few principal features. They…

  1. Furnish car loans on site.
  2. Don’t require credit checks.
  3. Want you to make your car payments 2-4 times per month, often at the lot.

A lot of men and women with really low credit think that a buy here pay here car lot is the only place that will take their credit, even though California bad credit auto loans from credit unions and banks typically involve more affordable rates.

Budgeting Guidelines for Santa Rosa Residents

If you don’t want to struggle to pay your lender each month, only about 10% of your income should be budgeted toward a car payment. On top of this, aim to pay off this vehicle in no more than 60 months. With a 10% payment and 5-year term, you will be purchasing a vehicle which costs approximately 50% of your annual income. If you have an income of $38,485 per year, the average in Santa Rosa, this would be a car costing $19,242. Take note, this is the cap on what you should budget. A number of professionals suggest budgeting even less, just 10-30% of your income for a car.

New and Used Cars in Santa Rosa for Sale

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