My Car Lender

Home / Finance / California Auto Finance / Fresno (CA) Auto Loans


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


[tboot_column size=”15″]

[tboot_table strip=”yes” border=”yes” hover=”yes” cols=”Credit Union,Location,Zip Code,Telephone” data=”Ctgy,7 River Park Pl E,93720,(559) 433-8576,Educational Employees,P.O. BOX 5242,93755,(800) 538-3328,Educational Employees,5640 E Kings Canyon Rd,93727,(800) 538-3328,Educational Employees,6745 N Milburn Ave,93722,(800) 538-3328,Educational Employees,3488 W Shaw Ave,93711,(800) 538-3328,Educational Employees,1177 Van Ness Ave #100,93721,(800) 538-3328,Educational Employees,455 E Barstow Ave,93710,(800) 538-3328,Educational Employees,9515 N Sommerville Dr,93720,(800) 538-3328,First California,2525 E Shields Ave,93726,(559) 226-8282,First Golden,2904 N Blackstone Ave,93703,(559) 228-1800,Fresno County,P.O. BOX 8027,93747,(559) 252-5000,Fresno County,3067 W Bullard Ave,93711,(559) 252-5000,Fresno County,8087 N Cedar Ave,93720,(559) 252-5000,Fresno County,4422 W Ashlan Ave,93722,(559) 252-5000,Fresno County,4979 E University Ave,93727,(559) 252-5000,Fresno County,1250 Van Ness Ave,93721,(559) 252-5000,Fresno Fire Department,5300 N Fresno St,93710,(559) 228-1997,Fresno Grangers,2319 N Parkway Dr,93705,(559) 237-2066,Fresno Police Department,1004 N Van Ness Ave,93728,(559) 233-1788,Greater Valley Credit Union,1185 W Hedges Ave,93728,(559) 233-0867,Greater Valley Credit Union,1901 E Shields Ave #186,93726,(559) 244-5790,Horizon Credit Union,3434 W Shaw Ave,93711,(559) 275-3944,Mc Clatchy Employees,1626 E St,93706,(559) 441-6189,Operating Engineers Local Union #3,4860 N Cedar Ave,93726,(559) 241-0508,Pacific Service,102 E Nees Ave,93720,(888) 858-6878,Pacific Service Credit Union,650 O St,93721,(559) 263-5279,Pipe Trades District Council 36,1303 N Rabe Ave,93727,(559) 456-2854,San Joaquin Power Employees,PO BOX 16039,93755,(559) 230-5080,San Joaquin Power Employees,1080 W Shaw Ave,93711,(559) 230-5080,Santa Fe First Federal Credit Union,2006 N Fine Ave,93727,(559) 251-5064,So Val Tel,SO-VAL TEL FEDERAL CREDIT UNION 49,93727,(559) 456-1144,So Val Tel,4986 E Clinton Way,93727,(559) 456-1144,St. Agnes Hospital,1303 E Herndon Ave,93710,(559) 450-3115,State Center,1515 E Shaw Ave,93726,(559) 225-7228,State Center,2550 Mariposa St,93721,(559) 497-0216,State Center Credit Union,2550 Mariposa Mall,93721,(559) 497-0216,United Local,3650 E Ashlan Ave,93726,(559) 227-8329,United Local Credit Union,1755 W Bullard Ave,93711,(559) 227-8329,Valley First,618 E Shaw Ave,93710,(209) 549-8500″][/tboot_table]