Compare Car Loan Rates in Sherman Oaks, CA

Compare up to four California lenders in minutes with myAutoloan! We want to help you find the best car loan rate for you, whether you're buying a car from a local Sherman Oaks dealership or hoping to refinance an existing loan. Apply 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 Sherman Oaks, CA?

Various factors influence your California car loan interest rate, including your credit score, the amount of the loan, your income, the down payment, your loan's term (the length of the loan), and the car's age. A poor credit score, low income, or buying an older vehicle from a dealer in Sherman Oaks could lead to a higher interest rate. But is a high interest rate so bad? The higher your interest rate gets, the higher your monthly payment is and the more you spend over your loan’s term. Even a rate one or two percent higher could mean spending hundreds more overall.

Is There a Way to Lower My Sherman Oaks Car Loan Rate?

Online tools like our Interest Rate Estimator will give you a feel for what your rate might look like before you complete an application for a car loan in Sherman Oaks, CA. If you've plugged in your information and are unhappy with the percentage you see, what steps can you take to lower it?

The loan term is one aspect you have total control over. Most Sherman Oaks car loans have terms ranging from 24 months (2 years) to 84 months (7 years) in 12-month intervals. Longer terms attract many borrowers because the monthly payment is usually lower. But longer terms are also likely to 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 estimates what your monthly payment could be based on different interest rates and terms to help you figure out what you might be able to afford.

If your credit is less than stellar, improving your score could help lower your interest rate. Our Guide to Better Credit for Auto Financing can help you understand where your credit score comes from and which steps you can take to bring it up fast. Your credit score may take some more time and work, but it's worth it to get those lower California car loan rates.

Taking the time to hunt down the right lender can also help you achieve a lower rate. While lenders will look at the same information, you won't receive the same interest rate from each one. You need to compare offers and shop around for the best auto loan rate in Sherman Oaks, CA — even if you don't have the highest income or best credit. You shouldn't go with the first offer you receive because there might be a better one just around the corner. Don't forget some lenders are open to negotiation, so you can take an offer from one lender to another to see if they're willing to beat the interest rate.

See the Best Auto Loan Rates in Sherman Oaks, CA with myAutoloan

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

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