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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.


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


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[tboot_table strip=”yes” border=”yes” hover=”yes” cols=”Credit Union,Address,Zip,Telephone” data=”20Th Century Fox,1901 Avenue of the Stars #120,90067,(310) 432-2344,20Th Century Fox,1901 Avenue of the Stars,90067,(310) 432-2344,Aerospace,PO Box 90735,90009,(310) 336-5030,Affinity West Federal Credit Union,2410 Yates Ave,90040,(323) 725-0119,Aftra,5757 Wilshire Blvd #900,90036,(323) 634-8100,Aftra-Sag,5757 Wilshire Blvd,90036,(818) 562-3400,American Airlines,400 Terminal 4,90045,(310) 646-6552,American Broadcast Employees,4151 Prospect Ave,90027,(323) 671-4515,Angelus Can Employees,PO BOX 58367,90058,(323) 581-0008,Baxter,4501 Colorado Blvd,90039,(818) 507-8347,C B S Employees,12001 Ventura Place #204,91604,(818) 432-3540,C B S Employees,7813 Beverly Blvd,90036,(818) 432-3540,Cal State L.A.,2445 Mariondale Ave,90032,(323) 505-2600,Cal State L.A.,4989 Huntington Dr N,90032,(323) 505-2600,California,11331 Camarillo St. Ste. B,91602,(800) 334-8788,California,420 Rosenell Terrace,90026,(800) 334-8788,California,333 S Beaudry Ave #215,90017,(800) 334-8788,California,2215 Westwood Blvd,90064,(800) 334-8788,California Bear,350 S Figueroa St #180,90071,(213) 830-4100,California Bear,300 S Spring St,90013,(213) 830-4100,California Bear,100 S Main St,90012,(213) 830-4100,Cedars-Sinai,8723 Alden Drive SSB #147,90048,(310) 423-5549,Cedars-Sinai,8700 Beverly Blvd #1631,90048,(310) 423-5549,Deluxe Laboratories,5433 Fernwood Ave,90027,(323) 960-8605,Energy One,10889 Wilshire Blvd,90024,(310) 443-6060,Entertainment Capital FCU,5300 Melrose Ave,90038,(323) 960-4704,Episcopal Community,840 Echo Park Ave,90026,(213) 482-2040,Farmers Insurance Group,P.O. Box 36911,90036,(800) 877-2345,Farmers Insurance Group,4680 Wilshire Blvd,90010,(800) 877-2345,Federal Employees West,PO BOX 17307,90017,(213) 327-2093,Federal Employees West,611 W 6TH ST ST 875,90017,(213) 327-2093,Federal Employees West-Fcu,2600 Wilshire Blvd #103,90057,(213) 365-7505,First City,PO Box 86008,90086,(800) 944-2200,First City,717 W Temple St,90012,(800) 944-2200,First Entertainment,6735 Forest Lawn Dr,90068,(888) 800-3328,First Entertainment,5750 Wilshire Blvd #140,90036,(323) 845-4403,First Entertainment,5555 Melrose Ave,90038,(323) 956-5355,First Financial,5115 Wilshire Blvd,90036,(800) 537-8491,Hanin,3700 Wilshire Blvd #104,90010,(213) 368-9000,Hanin,3700 Wilshire Blvd,90010,(213) 368-9000,Inter-Guild Federal Credit Union,6767 Forest Lawn Dr,90068,(818) 840-9220,Jacom,3037 W Jefferson Blvd,90018,(323) 731-9358,Justice,11000 Wilshire Blvd,90024,(703) 480-5300,Kinecta,8601 Lincoln Blvd #130,90045,(800) 854-9846,Kinecta,5411 N Figueroa St,90042,(800) 854-9846,Kinecta,1009 W Martin Luther King Jr Blvd,90037,(800) 854-9846,Kinecta,10005 S Central Ave,90002,(800) 854-9846,L.A. Healthcare,PO BOX 17159,90017,(213) 291-1833,L.A. Healthcare,2131 W 3rd St,90057,(213) 483-8981,L.A. Healthcare,1423 S Grand Ave #200,90015,(213) 748-4788,L.A. Healthcare,637 Lucas Ave #510,90017,(213) 291-1833,Lithuanian,3352 Glendale Blvd,90039,(323) 661-5276,Los Angeles,201 N Los Angeles St,90012,(877) 695-2328,Los Angeles Firemans Credit Union,2021 Colorado Blvd,90041,(323) 259-3178,Los Angeles Firemens,PO Box 60890,90060,(323) 254-1700,Los Angeles Firemen’S,815 Colorado Blvd,90041,(323) 254-1700,Los Angeles Healthcare FCU,201 S Alvarado St,90057,(213) 353-3888,Los Angeles Lee,964 N Hill St,90012,(213) 626-0974,Los Angeles Police,5651 W Manchester Ave,90045,(310) 342-7272,Los Angeles Police,3650 W Martin Luther King Jr Blvd,90008,(323) 290-6091,Los Angeles Police,1880 Academy Dr,90012,(323) 221-5768,Maryknoll Of L A,222 S Hewitt St,90012,(323) 708-3693,Matadors Community,20045 Prairie St,91311,(818) 993-6328,Musicians’ Interguild,817 Vine St,90038,(323) 462-6447,Mwd,700 N Alameda St,90012,(213) 217-6612,Nikkei,2005 Sawtelle Blvd,90025,(310) 479-5633,North Hollywood Postal FCU,11304 Chandler Boulevard,91601,(818) 769-4200,Northrop Grumman,1 Gateway Plaza,90012,(310) 808-4000,Nuvision,555 W 5th St,90013,(213) 244-2918,Nuvision,157 S Mednik Ave,90022,(323) 859-5558,Pacific Resource,333 SOUTH HOPE STREET CONCOURSE LE,90071,(213) 830-7800,Pacific Resource,333 SOUTH HOPE STREET CONCOURSE LEVEL,90071,(213) 830-7800,Peoples Ind Church,5856 West Blvd,90043,(323) 298-7000,Polam,589 N Larchmont Blvd,90004,(323) 463-5137,Postal Credit Union Of L A,13031 W Jefferson Blvd,90066,(310) 823-7279,Premier America,Warner Center,91367,(818) 887-3800,Printing Industries Credit Union,P.O. BOX 910937,90091,(323) 728-1866,Priority One,7001 S Central Ave,90052,(323) 581-3012,Rancho,630 Shatto Pl,90005,(213) 487-7070,Schools,701 W Cesar E Chavez Ave,90012,(310) 632-0100,Southland,300 N. Los Angeles St. STE #2044,90012,(562) 862-6831,Southland,200 S Spring St,90012,(213) 402-4801,Technicolor,5300 Melrose Ave #321e,90038,(323) 960-4704,Telesis Community,9301 Winnetka Avenue,91311,(818) 885-1226,U S Engineers L. A.,915 Wilshire Blvd #920,90017,(213) 615-1687,U.S.B. Employees,300 Falcon Street,90744,(310) 830-0161,Union Yes,501 Shatto Pl #160,90020,(714) 704-2800,Universal City Studios,90 Universal City Plaza,90068,(818) 777-1295,University Credit Union,1500 S Sepulveda Blvd,90025,(310) 477-6628,University Credit Union,Ackerman Union,90095,(310) 825-0066,USC Federal Credit Union,1969 Zonal Ave,90089,(323) 442-1897,Usc,PO Box 512718,90051,(213) 821-7100,Usc,1025 W 34th St #2,90089,(213) 821-7100,Usc,3720 S Flower St FL 1,90007,(213) 821-7100,Usc,1969 Zonal Ave #101b,90089,(213) 821-7100,Va Desert Pacific,11301 Wilshire Blvd,90049,(562) 498-1250,Vernon-Commerce Credit Union,3801 S Santa Fe Ave,90058,(323) 582-0650,Water And Power Community,1053 W Sunset Blvd,90012,(213) 580-1600,Wescom Central,626 Wilshire Blvd,90017,(888) 493-7266,Wescom Credit Union,5877 Franklin Ave,90068,(323) 464-3924,Western,8632 S Sepulveda Blvd,90045,(877) 254-9328,Western,3423 S La Cienega Blvd,90016,(877) 254-9328,Western States Regional,920 S Alvarado St,90006,(213) 385-0271,Zion Hill Baptist Church,7860 10th Ave,90043,(323) 753-9262″][/tboot_table]