Compare Car Loan Rates in Los Angeles, CA

Looking for the best auto loan rates in Los Angeles, CA? myAutoloan can help! Compare up to four lenders in minutes to find the right loan for you, whether you're purchasing a car or refinancing your existing car loan. Apply now and see today's lowest rates!

Three things to know…

Today's Interest Rates

  • Check out today's lowest rates for all loan types.

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Your Estimated Rate

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Your Payment

  • Now that you know your interest rate, see how much you could afford.

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More Information

How Are Los Angeles, CA Auto Loan Rates Determined?

Various factors affect your California auto loan rate, including the loan amount, your credit score, your income, the car's age, the down payment, and the length of the loan (your loan's term). A low credit score, high debt-to-income ratio, or purchasing an older vehicle from your Los Angeles dealer could lead to a higher interest rate. But what's so bad about a high interest rate? The higher your interest rate gets, the higher your monthly payment becomes and the more you spend over the term of your loan. A difference of just one or two percent could mean you spend hundreds more on interest.

How Do I Lower My Auto Loan Rate in Los Angeles, CA?

Online tools like our Interest Rate Estimator will give you an idea of what your rate might look like before having to apply for a car loan in Los Angeles, CA. If you've plugged in your information and aren't happy with the percentage you see, what can you do to lower it?

The loan term is one thing you can control. Most Los Angeles auto loans are available with terms in 12-month increments between 2 years (24 months) and 7 years (84 months). Many borrowers take longer terms because they usually have a lower monthly payment. However, a longer term also tends to come with a higher interest rate. If your budget allows for a higher monthly payment, choosing a shorter term is a good move. The Auto Payment Calculator estimates what your monthly payment could be with different interest rates and terms to help you see what might be affordable.

If your credit is less than stellar, boosting your score could lower your interest rate. Our Guide to Better Credit for Auto Financing walks you through what determines your credit score and how you can quickly bring it up. Your credit score may take some more time and work, but it's worth it for those lower California auto loan rates.

Waiting to find the right lender can also help you snag a lower rate. While lenders take the same information into consideration, you won't see the same interest rate from each one. Shopping around and comparing offers will help you find the best auto loan rate in Los Angeles, CA — even without the best credit or income. You don't want to choose the first offer you get because a better one could be right around the corner. Don't forget some lenders allow for negotiation, so you can take an offer from one lender to the other to see if they can beat the interest rate.

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

myAutoloan is committed to helping you find the lowest auto loan rates in Los Angeles, CA no matter your credit score or the type of car you're buying. You can see up to four loans at once so you can find the best deal. Simply complete our secure online application, pick the loan that works best for you, and purchase a new ride from your {City}} dealer. Apply now to check today's lowest interest rates!

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