Compare Current Auto Loan Rates in Commerce, CA

Apply through myAutoloan and compare up to four California lenders in minutes! We make it easy to find the best auto loan rate, whether you're purchasing from a nearby Commerce dealership or refinancing an existing loan. Apply now and see today's lowest rates!

Three things to know…

Today's Interest Rates

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Your Estimated Rate

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Your Payment

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More Information

What Determines Your Auto Loan Rate in Commerce, CA?

Several factors influence your California auto loan interest rate, including your income, your credits core, the loan amount, the age of the car, the down payment, and your loan's term (the length of the loan). A high debt-to-income ratio, low credit score, or purchasing an older car from a dealer in Commerce could result in a higher interest rate. But why is a high interest rate bad? The higher your interest rate, the higher your monthly bill is and the more you spend over your loan’s term. A difference of just one or two percent could mean you spend hundreds more on interest.

Is There a Way to Lower My Commerce Car Loan Rate?

Online tools like our Interest Rate Estimator will give you an idea of what your rate might be before having to apply for a car loan in Commerce, CA. If you've put in your information and aren't liking the percentage you see, how can you lower?

The loan term is one factor you have total control over. Most car loans in Commerce are available with terms in 12-month increments between 2 years (24 months) and 7 years (84 months). Many borrowers are drawn in by longer terms because the monthly payment is usually lower. But longer terms tend to also come with higher interest rates. If you can afford a bigger monthly payment, it's smart to choose a shorter term. The Auto Payment Calculator shows what your monthly payments might look like with different terms and interest rates to help you see what you can afford.

If you have less than ideal credit, boosting your score could lower your interest rate. Use our Guide to Better Credit for Auto Financing to better understand what determines your credit score and how you can quickly bring it up. It may take some time and work to better your credit score, but it's worth it for those lower California auto loan rates.

Taking the time to hunt down the right lender can also help you secure a lower rate. While lenders take the same information into consideration, you won't see the same interest rate from each one. It's important to shop around and compare offers to find the best car loan rate in Commerce, CA — even without a high income or credit score. You shouldn't automatically choose the first offer you get because a better one might be waiting just around the corner. Don't forget some lenders allow for negotiation, so you can take an offer from one lender to the next to see if they'll beat the interest rate.

Use myAutoloan to Check the Best Auto Loan Rates in Commerce, CA

myAutoloan is dedicated to helping you find the lowest car loan rates in Commerce, CA no matter your credit score or the type of car you're buying. We'll present you with up to four loans at once so you can find the right deal. Fill out our simple and secure online application, choose the best loan for you, and head to your Commerce dealer to purchase a new ride. Don't wait to apply and check today's lowest interest rates!

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