My Car Lender

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


Purchasing a new vehicle without a loan or lease is quite uncommon in today’s world. Unfortunately, the process of getting approved for financing can be a real hassle, especially when your credit isn’t killer. If you want to secure the most affordable interest rate available, we’re here to help. This is particularly useful for consumers with poor credit, as a variety of dealerships will consider your credit, a good number of of which specialize in problematic credit.

Car Loan Rates in Sacramento

Keep in mind, these rates should not be viewed as advertisements, but instead estimations at the time of publication. Your exact interest rate will depend on quite a number of factors, such as loan provider, down payment, monthly income, loan-to-value ratio, etc.

Credit Rating New Car Pre-owned 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 Car Loans in Sacramento

It is a little more expensive to finance a pre-owned car, at least in terms of the annual percentage rate. However, new cars depreciate so quickly, pre-owned cars are often a better investment. Check out the chart below, which displays the costs of car loans for new versus pre-owned vehicles.

Years Old Price Rate Months Payment Interest Total Cost
New $15,800 6.00% 60 $305.46 $2,527 $18,327
1 Year $12,640 7.50% 60 $253.28 $2,557 $15,197
2 Years $10,744 7.50% 60 $215.29 $2,173 $12,917
3 Years $9,132 7.50% 60 $182.99 $1,847 $10,980

For most people, a pre-owned vehicle is the way to go. Finance companies charge higher rates of interest for used cars and trucks, but in many cases, you only need 10% down, and the insurance costs are less expensive.

Bad Credit Car Loans in Sacramento

Credit score plays a key part in financing approval and rate of interest. Generally, loan providers use your credit history to determine whether you will make your payments as scheduled. Although subprime credit always results in a more expensive interest rate, you can now request quotes from multiple companies online.


Lots of people wind up turning to Sacramento buy here pay here dealerships that don’t perform credit checks. The downsides are substantial: ridiculous annual percentage rates and lots of stipulations.

It’s better to steer clear of these dealerships when you can, getting an auto loan via the web. There are a number of advantages: superior interest rates, superior service. Moreover, if you make your payments on time, a better FICO score.

Go here to apply online.

Decreasing Your Interest

Are you worried that your rate will be too expensive? Lots of consumers now have discrepancies on their credit histories. These kinds of inaccuracies could be harming your credit score without you knowing it. A lot of people don’t realize that, once each year, you can check your credit report completely free via It takes 30-60 months to get any mistakes fixed, after which time you may see an improvement in your credit score. If you haven’t got favorable credit, having a parent or relative with a good credit rating cosign your loan could lead to a more affordable interest rate.

No Down Payment Financing in Sacramento

Need to finance a car, but you don’t have any cash as a down payment? Truth be told, getting a car financed with no down payment can be difficult. By applying online, you can improve your chances of locking down this sort of a package. Banks and dealers are able to view your preferred down payment ahead of time.

Sacramento Resources

Credit Unions

Credit UnionStreet addressZip CodePhone
Big Valley3111 Wissemann Dr95826(916) 383-0691
CahpPO Box 27650795827(916) 362-1215
Cahp2843 Manlove Rd95826(916) 362-1215
California Community8815 Folsom Blvd95826(916) 386-1418
California Community800 Capitol Mall #401395814(916) 443-6715
First U.S. Community580 University Ave95825(916) 576-5642
First U.S. Community1335 J St95814(916) 576-5681
Heritage Community10399 Old Placerville Rd95827(916) 364-1700
Mc Clatchy EmployeesP.O. BOX 1577995816(916) 321-1780
Mc Clatchy Employees2100 Q St95816(916) 321-1780
Operating Engineers Local Union #34044 N Freeway Blvd #15095834(916) 565-6190
Operating Engineers Local Union #39806 Old Winery Pl #595827(916) 369-6752
Patelco2648 Watt Ave #11795821(916) 971-2640
Patelco1537 Howe Ave #21895825(916) 569-5280
SacramentoP.O. BOX 235195812(888) 722-8601
Sacramento3045 Arden Way95825(888) 722-8601
Sacramento800 H St95814(888) 722-8601
Sacramento3660 Bradshaw Rd95827(888) 722-8601
Sacramento6600 Bruceville Rd95823(888) 722-8601
Sacramento6121 Franklin Blvd95824(888) 722-8601
Sacramento District Postal Emps.1485 River Park Dr95815(916) 921-5050
Safe6341 Folsom Blvd95819(916) 979-7233
Safe2901 K St #10095816(916) 979-7233
Safe3560 El Camino Ave95821(916) 979-7233
Safe3509 Bradshaw Rd95827(916) 979-7233
Safe2200 Del Paso Rd95834(916) 979-7233
Schools Financial1485 Response Rd #12695815(916) 569-2001
Schools Financial5210 Madison Ave95841(916) 334-2424
Schools Financial1631 Claudia Dr95822(916) 422-1010
Schools Financial8848 Calvine Rd95624(916) 682-3132
Schools Financial2051 Natomas Crossing Dr95834(916) 928-0772
Schools Financial8725 Folsom Blvd95826(916) 381-3626
The Golden 1P.O. BOX 1596695852(916) 732-2900
The Golden 18945 Cal Center Dr95826(916) 732-2900
Vision OnePO BOX 27763795827(916) 363-4293
Vision One3279 Ramos Cir95827(916) 363-4293