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For the majority of buyers in Fresno, a car loan is an essential part of purchasing any new or used vehicle. When you have brilliant credit, this is a pretty simple process. For people with poor credit, however, it can be challenging. A lot of finance specialists advise lining up your financing in advance.

Let a local Fresno finance professional guide you through the purchasing process. Best of all, it takes just two minutes to apply.

Car Loan Rates in Fresno

These interest rates are for informational purposes only. They are not advertisements. Variables that affect your precise interest rate include:

  • Credit Standing
  • Place of Residence
  • Auto Loan and/or Lease History
  • Regular Monthly Income
  • Type of Vehicle: New or Used
  • Loan Duration: 24-84 Months
Credit Rating New Car Used Car
Excellent 3.2% 3.7%
Good 4.6% 5.7%
Average 6.5% 8.5%
Subprime 9.4% 10.8%
Bad 14.1% 16.5%
Very Bad 15.6% 18.4%

Used Auto Loans in Fresno

New cars have the lowest rates. Elevated rates for pre-owned cars, however, are counterbalanced by more affordable down payments, monthly payments, and insurance costs. Below, we compare the cost of a loan for a car or truck that is brand new versus one, two, or three years old.

Years Old Price APR Months Payment Interest Total
New $31,250 6.00% 60 $604.15 $4,999 $36,249
1 Year $25,000 7.50% 60 $500.95 $5,057 $30,057
2 Years $21,250 7.50% 60 $425.81 $4,298 $25,548
3 Years $18,063 7.50% 60 $361.94 $3,654 $21,716

Interested in pre-owned car? Here are the typical restrictions on used vehicle financing:

  • Car not more than 7-10 years old.
  • Mileage no more than 100,000 miles.
  • Purchased from dealer, not private party.

Poor Credit Auto Loans in Fresno

Poor credit has become a serious problem among shoppers in Fresno, and throughout California. In a nutshell, your FICO score is used a measure of risk. In the old days, loan providers were scarce who would grant car loans for those with less-than-perfect credit. Now many lenders, and also some banks, have special finance teams.


Countless shoppers with below-average credit wind up at one of Fresno’s buy here pay here car lots. These sellers approve auto loans internally, without credit check. The negatives are appreciable, such as inflated annual percentage rates and multitudinous conditions.

Instead, it’s smart to apply for the loan you need via the internet. This is the way a lot of consumers nowadays get approved, and it’s a lot cheaper over time.

Go here to apply online.

Limiting Your Interest

There are various strategies to minimize your annual percentage rate. For starters, you should fix any inaccuracies on your credit report. Many people don’t know that, once per year, you can check your credit report free of charge via

It will take 30-60 months to get any errors rectified, after which time you may see an improvement in your credit score. Additionally, down payments, cosigners, and faster repayment terms all add up to decreased loan rates.

Can a Car Loan Improve Your Credit?

Financing a car can be an effective method of increasing your credit score, but you have to make sure that you make your payments on time. It is important to keep in mind that this is a step by step process. Although the actual boost in your credit score is tough to determine, the improvement is considerable.

Fresno Resources

Credit Unions

Credit UnionLocationZip CodeTelephone
Ctgy7 River Park Pl E93720(559) 433-8576
Educational EmployeesP.O. BOX 524293755(800) 538-3328
Educational Employees5640 E Kings Canyon Rd93727(800) 538-3328
Educational Employees6745 N Milburn Ave93722(800) 538-3328
Educational Employees3488 W Shaw Ave93711(800) 538-3328
Educational Employees1177 Van Ness Ave #10093721(800) 538-3328
Educational Employees455 E Barstow Ave93710(800) 538-3328
Educational Employees9515 N Sommerville Dr93720(800) 538-3328
First California2525 E Shields Ave93726(559) 226-8282
First Golden2904 N Blackstone Ave93703(559) 228-1800
Fresno CountyP.O. BOX 802793747(559) 252-5000
Fresno County3067 W Bullard Ave93711(559) 252-5000
Fresno County8087 N Cedar Ave93720(559) 252-5000
Fresno County4422 W Ashlan Ave93722(559) 252-5000
Fresno County4979 E University Ave93727(559) 252-5000
Fresno County1250 Van Ness Ave93721(559) 252-5000
Fresno Fire Department5300 N Fresno St93710(559) 228-1997
Fresno Grangers2319 N Parkway Dr93705(559) 237-2066
Fresno Police Department1004 N Van Ness Ave93728(559) 233-1788
Greater Valley Credit Union1185 W Hedges Ave93728(559) 233-0867
Greater Valley Credit Union1901 E Shields Ave #18693726(559) 244-5790
Horizon Credit Union3434 W Shaw Ave93711(559) 275-3944
Mc Clatchy Employees1626 E St93706(559) 441-6189
Operating Engineers Local Union #34860 N Cedar Ave93726(559) 241-0508
Pacific Service102 E Nees Ave93720(888) 858-6878
Pacific Service Credit Union650 O St93721(559) 263-5279
Pipe Trades District Council 361303 N Rabe Ave93727(559) 456-2854
San Joaquin Power EmployeesPO BOX 1603993755(559) 230-5080
San Joaquin Power Employees1080 W Shaw Ave93711(559) 230-5080
Santa Fe First Federal Credit Union2006 N Fine Ave93727(559) 251-5064
So Val TelSO-VAL TEL FEDERAL CREDIT UNION 4993727(559) 456-1144
So Val Tel4986 E Clinton Way93727(559) 456-1144
St. Agnes Hospital1303 E Herndon Ave93710(559) 450-3115
State Center1515 E Shaw Ave93726(559) 225-7228
State Center2550 Mariposa St93721(559) 497-0216
State Center Credit Union2550 Mariposa Mall93721(559) 497-0216
United Local3650 E Ashlan Ave93726(559) 227-8329
United Local Credit Union1755 W Bullard Ave93711(559) 227-8329
Valley First618 E Shaw Ave93710(209) 549-8500