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For a lot of car-shoppers, financing is the main obstacle to purchasing the car they desire. Unfortunately, lining up an auto loan can be a frustrating process, which could take days, even weeks. Instead of going from one finance company to the next, applying for a loan, you can submit just one application online. There are experts standing by, ready to help you finance the car you need with an economical rate of interest.

Auto Loan Rates in Los Angeles

Worried about the interest you’ll be asked to pay? Truth be told, your rate of interest differs hugely based on your credit, not to mention other things. The rates shown below are only for informational purposes. They’re not advertisements, and your precise rate will vary.

FICO Score 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%

Make sure you know what your credit rating is. We suggest going here.

Used Car Loans in Los Angeles

Car manufacturers are in the business of selling brand new cars and trucks. However, used vehicles are cheaper in the end, and they depreciate less. Have a look at the table below.

Years Old Price Rate Months Payment Interest Total Cost
New $22,600 6.00% 60 $436.92 $3,615 $26,215
1 Year $18,080 7.50% 60 $362.29 $3,657 $21,737
2 Years $15,368 7.50% 60 $307.94 $3,109 $18,477
3 Years $13,063 7.50% 60 $261.75 $2,642 $15,705

Most cars a chunk of their value per year, so a new car you buy for $22,600 will be worth $18,080 after just one year of ownership. Below are the most popular limits on auto loans for used cars:

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

Poor Credit Car Loans in Los Angeles

Generally speaking, offers like zero down are unfeasible if your credit score has seen better days. Generally, when you have less-than-perfect credit, an annual percentage rate of less than 10% is a pipe dream. Fortunately, the internet makes it a lot easier for the bad credit buyer.

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In Los Angeles, buy here pay here car dealerships wind up catering to people who have serious credit issues of one kind or another. While you should have no difficulty getting approved, you’ll pay a lot for the privilege.

It’s best to avoid these car lots when possible, and obtain a car loan via the web. The rates should be more affordable, the terms better, and you have the chance to improve your credit in the process.

Best of all, you can submit your application online.

Can a Car Loan Improve Your Credit?

If you care to increase your credit score, financing a car can help–so long as you pay the installments as arranged. It is important to bear in mind that this is a step by step process. It’s wise to enroll in automatic payments, just to ensure you won’t skip any installment payments.

Los Angeles Resources

Credit Unions

Credit UnionAddressZipTelephone
20Th Century Fox1901 Avenue of the Stars #12090067(310) 432-2344
20Th Century Fox1901 Avenue of the Stars90067(310) 432-2344
AerospacePO Box 9073590009(310) 336-5030
Affinity West Federal Credit Union2410 Yates Ave90040(323) 725-0119
Aftra5757 Wilshire Blvd #90090036(323) 634-8100
Aftra-Sag5757 Wilshire Blvd90036(818) 562-3400
American Airlines400 Terminal 490045(310) 646-6552
American Broadcast Employees4151 Prospect Ave90027(323) 671-4515
Angelus Can EmployeesPO BOX 5836790058(323) 581-0008
Baxter4501 Colorado Blvd90039(818) 507-8347
C B S Employees12001 Ventura Place #20491604(818) 432-3540
C B S Employees7813 Beverly Blvd90036(818) 432-3540
Cal State L.A.2445 Mariondale Ave90032(323) 505-2600
Cal State L.A.4989 Huntington Dr N90032(323) 505-2600
California11331 Camarillo St. Ste. B91602(800) 334-8788
California420 Rosenell Terrace90026(800) 334-8788
California333 S Beaudry Ave #21590017(800) 334-8788
California2215 Westwood Blvd90064(800) 334-8788
California Bear350 S Figueroa St #18090071(213) 830-4100
California Bear300 S Spring St90013(213) 830-4100
California Bear100 S Main St90012(213) 830-4100
Cedars-Sinai8723 Alden Drive SSB #14790048(310) 423-5549
Cedars-Sinai8700 Beverly Blvd #163190048(310) 423-5549
Deluxe Laboratories5433 Fernwood Ave90027(323) 960-8605
Energy One10889 Wilshire Blvd90024(310) 443-6060
Entertainment Capital FCU5300 Melrose Ave90038(323) 960-4704
Episcopal Community840 Echo Park Ave90026(213) 482-2040
Farmers Insurance GroupP.O. Box 3691190036(800) 877-2345
Farmers Insurance Group4680 Wilshire Blvd90010(800) 877-2345
Federal Employees WestPO BOX 1730790017(213) 327-2093
Federal Employees West611 W 6TH ST ST 87590017(213) 327-2093
Federal Employees West-Fcu2600 Wilshire Blvd #10390057(213) 365-7505
First CityPO Box 8600890086(800) 944-2200
First City717 W Temple St90012(800) 944-2200
First Entertainment6735 Forest Lawn Dr90068(888) 800-3328
First Entertainment5750 Wilshire Blvd #14090036(323) 845-4403
First Entertainment5555 Melrose Ave90038(323) 956-5355
First Financial5115 Wilshire Blvd90036(800) 537-8491
Hanin3700 Wilshire Blvd #10490010(213) 368-9000
Hanin3700 Wilshire Blvd90010(213) 368-9000
Inter-Guild Federal Credit Union6767 Forest Lawn Dr90068(818) 840-9220
Jacom3037 W Jefferson Blvd90018(323) 731-9358
Justice11000 Wilshire Blvd90024(703) 480-5300
Kinecta8601 Lincoln Blvd #13090045(800) 854-9846
Kinecta5411 N Figueroa St90042(800) 854-9846
Kinecta1009 W Martin Luther King Jr Blvd90037(800) 854-9846
Kinecta10005 S Central Ave90002(800) 854-9846
L.A. HealthcarePO BOX 1715990017(213) 291-1833
L.A. Healthcare2131 W 3rd St90057(213) 483-8981
L.A. Healthcare1423 S Grand Ave #20090015(213) 748-4788
L.A. Healthcare637 Lucas Ave #51090017(213) 291-1833
Lithuanian3352 Glendale Blvd90039(323) 661-5276
Los Angeles201 N Los Angeles St90012(877) 695-2328
Los Angeles Firemans Credit Union2021 Colorado Blvd90041(323) 259-3178
Los Angeles FiremensPO Box 6089090060(323) 254-1700
Los Angeles Firemen'S815 Colorado Blvd90041(323) 254-1700
Los Angeles Healthcare FCU201 S Alvarado St90057(213) 353-3888
Los Angeles Lee964 N Hill St90012(213) 626-0974
Los Angeles Police5651 W Manchester Ave90045(310) 342-7272
Los Angeles Police3650 W Martin Luther King Jr Blvd90008(323) 290-6091
Los Angeles Police1880 Academy Dr90012(323) 221-5768
Maryknoll Of L A222 S Hewitt St90012(323) 708-3693
Matadors Community20045 Prairie St91311(818) 993-6328
Musicians' Interguild817 Vine St90038(323) 462-6447
Mwd700 N Alameda St90012(213) 217-6612
Nikkei2005 Sawtelle Blvd90025(310) 479-5633
North Hollywood Postal FCU11304 Chandler Boulevard91601(818) 769-4200
Northrop Grumman1 Gateway Plaza90012(310) 808-4000
Nuvision555 W 5th St90013(213) 244-2918
Nuvision157 S Mednik Ave90022(323) 859-5558
Pacific Resource333 SOUTH HOPE STREET CONCOURSE LE90071(213) 830-7800
Pacific Resource333 SOUTH HOPE STREET CONCOURSE LEVEL90071(213) 830-7800
Peoples Ind Church5856 West Blvd90043(323) 298-7000
Polam589 N Larchmont Blvd90004(323) 463-5137
Postal Credit Union Of L A13031 W Jefferson Blvd90066(310) 823-7279
Premier AmericaWarner Center91367(818) 887-3800
Printing Industries Credit UnionP.O. BOX 91093790091(323) 728-1866
Priority One7001 S Central Ave90052(323) 581-3012
Rancho630 Shatto Pl90005(213) 487-7070
Schools701 W Cesar E Chavez Ave90012(310) 632-0100
Southland300 N. Los Angeles St. STE #204490012(562) 862-6831
Southland200 S Spring St90012(213) 402-4801
Technicolor5300 Melrose Ave #321e90038(323) 960-4704
Telesis Community9301 Winnetka Avenue91311(818) 885-1226
U S Engineers L. A.915 Wilshire Blvd #92090017(213) 615-1687
U.S.B. Employees300 Falcon Street90744(310) 830-0161
Union Yes501 Shatto Pl #16090020(714) 704-2800
Universal City Studios90 Universal City Plaza90068(818) 777-1295
University Credit Union1500 S Sepulveda Blvd90025(310) 477-6628
University Credit UnionAckerman Union90095(310) 825-0066
USC Federal Credit Union1969 Zonal Ave90089(323) 442-1897
UscPO Box 51271890051(213) 821-7100
Usc1025 W 34th St #290089(213) 821-7100
Usc3720 S Flower St FL 190007(213) 821-7100
Usc1969 Zonal Ave #101b90089(213) 821-7100
Va Desert Pacific11301 Wilshire Blvd90049(562) 498-1250
Vernon-Commerce Credit Union3801 S Santa Fe Ave90058(323) 582-0650
Water And Power Community1053 W Sunset Blvd90012(213) 580-1600
Wescom Central626 Wilshire Blvd90017(888) 493-7266
Wescom Credit Union5877 Franklin Ave90068(323) 464-3924
Western8632 S Sepulveda Blvd90045(877) 254-9328
Western3423 S La Cienega Blvd90016(877) 254-9328
Western States Regional920 S Alvarado St90006(213) 385-0271
Zion Hill Baptist Church7860 10th Ave90043(323) 753-9262