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With our present-day prices, it is very tough to get a car without using a loan. Many times, your loan will be arranged in the F&I office, but this can be a very time intensive process. Fortunately, you can apply on the web, which can save you a good deal of time and hassle.

It’s so convenient to have a local San Jose finance professional lead you through the purchasing process. What’s even better, it’s free to apply.

Car Loan Rates in San Jose

Most loan companies don’t provide auto finance rates based on credit score. Instead, they tell you the most affordable rate available. The truth is, your annual percentage rate can vary greatly based on your credit, plus a range of other factors. The rates displayed below are only for informational purposes. They are not advertisements, and your precise rate could deviate vastly from what’s seen below.

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%

Used Car Financing in San Jose

The rates are higher when financing used cars and trucks, because they present a greater risk of maintenance complications. Still, a pre-owned auto loan has all kinds of advantages:

  • Cheaper down payment required.
  • Lower sticker price.
  • Reduced risk of negative equity.

Here, we look at the costs of a loan for a car that is brand new versus a few years old.

Age Price Rate Months Payment Interest Total
New $16,400 6.00% 60 $317.06 $2,623 $19,023
1 Year $13,120 7.50% 60 $262.90 $2,654 $15,774
2 Years $11,152 7.50% 60 $223.46 $2,256 $13,408
3 Years $9,479 7.50% 60 $189.94 $1,917 $11,397

As you can see, the car purchased new for $16,400 will only be worth $9,479 after three years on the road. More often than not, you can finance a vehicle that is up to ten years old. Mileage restrictions may apply.

Bad Credit Auto Loans in San Jose

Has your credit been scarred by chapter 7/13 bankruptcy, repossession, or other issues like this? Quite frankly, when you’ve got a bad credit score, an interest rate of less than 10% isn’t a possibility. Past generations had to go from one dealer to another, hunting for one able to offer them a loan. Fortunately, the internet has done away with much of this homework.


For consumers who have recent bankruptcy or repossessions, a buy here pay here dealer might be the only alternative. There’s a price you pay for that lack of credit check: ridiculous rates of interest, loads of conditions and terms, and a limited selection of vehicles. Almost always, it’s preferable to work with a regional bank or lender. The benefits are considerable: superior rates of interest, superior service, and if you make your payments as agreed, a better credit score.

Best of all, you can submit your application online.

Can a Car Loan Improve Your Credit?

Gradually, the payments made on an auto loan can heighten your FICO score . If you do business with a buy here pay here dealership, you won’t have this opportunity. It’s impossible to determine exactly how many points you credit score will increase, given that it hinges on many different factors, but the increase is typically substantial.

San Jose Resources

Credit Unions

Credit UnionStreet addressZip CodePhone
1St United Federal Credit Union6920 Santa Teresa Blvd #10295119(408) 281-8100
Alliance3315 Almaden Expy #5595118(408) 265-7322
Alliance2105 Forest Ave95128(800) 232-8669
Alliance5681 Snell Ave #295123(800) 232-8669
Alliance265 Curtner Ave95125(800) 232-8669
Alliance Credit UnionPo Box 1846095158(408) 445-3387
Atd6830 VIA DEL ORO STE 20595119(408) 365-4753
Atd Federal Credit Union5225 Hellyer Ave95138(408) 365-4444
Bank Of Walnut Creek1625 The Alameda #10095126(408) 918-0755
Citizens Equity First2980 E Capitol Expy #9095148(408) 545-1471
Citizens Equity First670 Lincoln Ave95126(408) 545-1411
Commonwealth Central5890 Silver Creek Valley Rd95138(408) 531-3100
Commonwealth Central3075 Union Ave95124(408) 531-3262
Creit Ventures Inc Creit Ventures Inc1590 The Alameda #10095126(408) 925-0201
Ctgy6450 Viaduct Del Oro95119(408) 226-5874
ElectricPO BOX 647995150(408) 445-3130
Electric2125 Canoas Garden Ave #11095125(408) 445-3130
Electric Federal Credit Union2125 Canoas Garden Ave95125(408) 445-3130
First Technology1570 W San Carlos St95126(408) 282-7704
Keypoint1172 N Capitol Ave95132(408) 731-4100
MeriwestP O BOX 53095395153(408) 972-5222
Meriwest1795 Hillsdale Ave95124(877) 637-4937
Meriwest5615 Chesbro Ave95123(877) 637-4937
Meriwest1 N 1st St #10095113(877) 637-4937
Meriwest670 River Oaks Pkwy95134(877) 637-4937
Meriwest555 Bailey Ave95120(877) 637-4937
Meriwest5683 Cottle Rd95123(877) 637-4937
Meriwest650 Harry Rd95120(877) 637-4937
Operating Engineers Local Union #3798 N 1st St95112(408) 995-5095
Pacific Postal1040 Leigh Ave95126(408) 275-8595
Pacific Postal1750 Lundy Ave95101(408) 437-8888
Partners 1Stc/o NXP95131(408) 474-6336
Patelco1775 Story Rd #11095122(408) 254-8020
Provident1705 E Capitol Expy95121(408) 532-6348
Provident1757 Technology Dr95110(408) 436-9480
San Jose140 Asbury St95110(408) 294-8800
Santa Clara County1641 N 1st St #24595110(408) 282-0700
Santa Clara County1641 N 1st St95110(408) 282-0700
Santa Clara County5353 Almaden Expy95118(408) 947-3172
Santa Clara County140 E San Fernando St95112(408) 938-2880
Santa Clara County255 N White Rd95127(408) 938-2894
Santa Clara County852 N 1st St95112(408) 282-0743
Self-Help2010 Story Rd95122(408) 347-9559
Star One1090 Blossom Hill Rd95123(408) 543-5202
Star One3136 Stevens Creek Blvd95117(408) 543-5202
Technology2010 N 1st St95131(408) 451-9111
Technology1562 S Bascom Ave95008(408) 467-2382
Technology846 Blossom Hill Rd95123(408) 467-2386
Xceed Financial2195 Monterey Rd #5095112(408) 283-4350