Looking For Car Finance In Oakland CA During June 2020?
Getting the best deal on a car loan in Oakland CA can save you a significant amount of money over the life of your loan. That’s why you need a partner who knows how to get you approved for the vehicle that you want at the lowest car loan interest rate possible and with no hassle.
The AllCreditCarLoans network of finance partners provides quick and easy auto finance decisions for all credit situations. Our finance partners are making more loans, approving buyers with lower credit scores, offering lower monthly payments and making larger loans than ever before. There has never been a better time to get an auto loan than right now.
By working with AllCreditCarLoans, you can get preapproved for a car loan before going to the car dealership, so that you can negotiate as a cash buyer and get the best deal possible.
So, no matter what your credit situation, if you are looking for a quick, no-hassle auto loan at the best rate, just click the button below to get the process started. Our one-page application form is simple and easy to use. It only takes a few minutes.
We Can Get You Financed Despite Any Special Circumstances
You need a new car and we are here to help you get it!
Your chances of obtaining vehicle financing are very good. Via our network of dealer and lender partners, we have many options available to get you financed. Difficult circumstances are our specialty and we have seen nearly every situation possible.
We have helped…
Car buyers get their first car
Car buyers with a past repossession
Car buyers with a past bankruptcy
Car buyers who are paid in cash
Car buyers who are self-employed
Car buyers who receive social security benefits
Car buyers who are on disability
Car buyers who are retired
Car buyers with no money to put down
Car buyers with a trade-in vehicle
Apply today and let us start helping you get that new car that you need!
Watch Our Video On Getting A Car Loan In Oakland CA
AllCreditCarLoans Follows A Simple 1-2-3 Auto Loan Application Process
No need to wait for hours at a dealership or submit reams of paperwork. No need to worry about your gathering together your credit history. With our streamlined application process, everything is as easy as 1-2-3.
- 1 - COMPLETE OUR ONLINE APPLICATION - This process only takes a few minutes. Our simple application is safe and secure, so you don’t have to worry about your information. There is no cost. Applying for your auto loan is totally FREE.
- 2 - RECEIVE YOUR CREDIT APPROVAL - Getting your loan approval is fast and easy. AllCreditCarLoans has an extensive lending network, so the approval process is fast and efficient. You don’t have to wait for days, weeks or months. Many applicants receive loan approval on the same day.
- 3 - CHOOSE YOUR VEHICLE - With our easy as 1-2-3 process, you can buy your vehicle on the same day that your loan is approved. Just visit your nearby auto dealership and negotiate like a cash buyer.
Your Car Financing Options
Your credit history and where you are buying your auto from will determine the kind of auto deal you can get.
Whether you are buying a new or used auto from a dealer; you need a program designed to help you get a vehicle loan despite some credit challenges; or you are looking to refinance your existing loan - we can help.
We provide a variety of auto loan options to suit your needs and credit situation:
- Oakland CA New Car Loans
- Oakland CA Used Car Loans
- Oakland CA Auto Refinance Loans
- Oakland CA Good and Fair Credit Car Loans
- Oakland CA Bad, Poor and Horrible Credit Auto Loans
Our loan programs are tailored to your exact needs and budget and are designed to meet or exceed the features of national auto finance companies like Capital One Auto Navigator, Carmax Finance, USAA Car Loans, Chase Auto, Wells Fargo Car Loans, Bank of America Auto Loans, Navy Federal Auto Loans, AAA Auto Loans, Key Bank Auto Loans, PNC BankAuto Loans, Bankrate Auto Loans, US Bank Auto Loans, TD Bank Auto Loans and State Farm Bank Auto Loans.
We also specialize in sub-prime auto loans including financing an auto after bankruptcy and helping borrowers to obtain a loan after an auto repossession.
If you are looking for an auto title loan or the best place to refinance your vehicle, we have programs that can help you as well.
We've provided auto loans for first-time buyers, auto financing for college students and we are proud to have arranged military and veteran auto loans for service members and their spouses. We've even been able to help foreign nationals and others who do not qualify for a social security number to obtain an auto loan with their ITIN.
AllCreditCarLoans works with the best buy here pay here car lots, bad credit car dealers, second chance car dealers and other lenders to provide the best interest rates.
You are never alone in this process. Our lender partners will guide you every step of the way -- from the time you begin processing your application, all the way to the day when you drive home your new vehicle. Click the button below to let us get started helping you today!
Auto Loan Calculator For Oakland CA
Use our car payment calculator to determine how much you can spend when refinancing or financing your next car. You can run different scenarios by varying the "down payment" and "number of months" fields in order to arrive at your desired payment.
Your total car expenses should be no more than 20% of your take-home pay.
What To Know Before You Apply For Vehicle Financing
Credit scores give lenders an idea of how you manage your finances. These scores are essential in helping you plan your finances well. Likewise, credit scores can be testaments of how well you make decisions, as well as how healthy your spending habits are. Credit scores can help determine whether you pay your bills on time, if you use your credit cards wisely, and how well you manage your loans.
The higher your credit score, the lower the interest rate you will likely be asked to pay.
Therefore, if you have multiple loans that are unpaid; if your credit cards have been maxed out and several of your bills remain unpaid, you earn a low credit score. While it does not define the kind of person that you are, your score can indicate an unhealthy financial habit, which can make you appear "too risky" and turn away lenders.
A lot of lenders do not offer car loans to applicants who have a low credit score because they do not want to encounter problems when collecting payments. Some lenders accept borrowers with low scores, but they often charge higher interest rates for the loans they make. This is because they want to lessen the risks that your low credit score represents.
But we are different. We work with leading lenders and dealers to help you find the best auto loan terms for your credit situation. Fill out our quick and easy one-page application to let us get you preapproved today.
While it is possible to find a lender who will finance a car for up to 84 months, we don't recommend stretching out payments any longer than you need. It’s best to pay off a car loan as quickly as you can since cars depreciate rapidly. The longer the loan term, the more probable that at some point you will end up owing more on the loan than the vehicle is worth. Being underwater or upside-down on a loan is a risky financial situation. The best interest rates are available for shorter loan terms. We recommend keeping your loan term to 3 years for used vehicles and up to 5 years for new autos.
Soft vs. Hard Credit Pull
Your auto lender may do a "soft" credit pull in order to pre-qualify you for a car loan. A "soft" credit pull doesn’t subtract from your credit score the same way a "hard" pull does, but it also doesn’t guarantee you’ll be approved for a loan or that you'll get the exact rate you’ve been quoted. A "hard" credit pull will be required before the loan terms are finalized.
If you are applying with multiple lenders in order to shop the best interest rates, it makes sense to complete all your loan applications within a short time-frame. The credit reporting agencies tend to count multiple hard inquiries made within a short period as only one inquiry.
It's a good idea to know your credit score before you apply for your loan. If you are unsure what your credit score is, you can always use this service to find your credit score.
If your credit score could use improvement, you can work with a credit repair vendor to improve your credit score.
Car Loan Restrictions
Some lenders only work within a specific network of dealerships. This could limit your choice of vehicles to a handful of makes, models and vehicle types.
Some lenders will only work with car dealers so you won't be able to use them to buy a car from a private seller.
The interest rate you’ll receive depends upon your credit history, your income, the length of the loan and the vehicle you choose.
Steps To Get An Auto Loan
Shopping for an auto has never been easier. Our streamlined process and vast network of lending partners make getting a car loan quick and easy.
1 - Budget For Your Auto Purchase
The first step in obtaining auto financing is to figure out how much you can afford to spend.
If you have a car to trade-in, you should determine its value so that you can factor that into your budget. A good resource for determining your auto's market value is Kelley Blue Book.
Next, you'll want to consider how much money you have to use for a down-payment. The more money you put down, the lower your monthly payment will be. If you need an auto loan with no down payment, don't worry. We can still help you.
Finally, use our vehicle finance calculator to estimate your monthly payment. You can vary the interest rate and loan term to see how that affects the potential monthly payment.
2 - Choose Whether You Want A New Or Used Vehicle
If you are looking to get the most value for your dollar, you will likely be better off financing a used car. For the best results, follow our used car recommendations.
If you've chosen to buy a new car, you will most likely be purchasing the vehicle from a car dealership. In order to get the best deal on new car financing, follow our new car recommendations.
3 - Apply For Your Loan
Click the button below and fill out our quick and easy application form to get started right away!
New Car Loans
New car loans are the most common type of auto financing. Beyond the traditional option of getting approved through a new car dealer, many consumers have found that they can save money and gain negotiating leverage by arranging their auto financing in advance.
Most new car dealerships are able to apply rebates and incentives to reduce the need for money down. If you have negative equity in a vehicle that you're trading in, you may have to provide money down to cover the negative equity so that it's not carried over into your new loan. While buying a new car with bad credit isn't so common, there are many manufacturers that offer lower-priced new cars with attractive financing incentives to make buying easier for people with lower credit scores.
Let us help you get preapproved for that new car loan and you will become a cash buyer. This saves you time at the dealership and gives you the power to negotiate your best deal on any car you choose. Apply for a new car loan in Oakland CA and see how much we can save you.
Used Vehicle Loans
A used vehicle loan is our most commonly requested loan. By letting us help pre-arrange your funding source, you know that you'll have the power to negotiate the best deal. Apply for a used auto loan and see what type of rate & term you can get from our participating lenders.
Buying a used auto will typically provide the best value. That's because the prior owners have already absorbed the biggest portion of the car's depreciation and you may have the option to buy directly from a private seller, thus saving dealer fees. We can help you with an auto loan to buy from a private seller.
If you choose to purchase a used auto, you can click here to view used cars near you in Oakland CA.
Shopping For The Best Auto Loan Rates In Oakland CA?
Whether you are looking for the best car loan interest rate for a new or used vehicle, or you want to refinance an auto loan, we can help.
With a lower interest rate, you'll save money and pay off your car loan faster. The single most important thing you can do to save money on an auto loan is to shop for the best auto loan rate before you set foot in a dealership. By knowing what kind of rate you qualify for before you try to buy a vehicle, you accomplish three things:
- You'll know what range of car payments you can qualify for
- You can focus your negotiations with the dealer on the vehicle price rather than on financing terms
- You won't end up getting a higher cost loan than you want
Use our car loan calculator to determine what range of payments you can expect. You can enter your balance, term, and interest rate to calculate what the payment will be. You can compare different scenarios to see how much more you can save by increasing your down payment.
Average Car Payment Interest Rates You Can Expect
|Credit Score Range||Average APR for a New Car||Average APR for a Used Car|
|781 - 850||3.68%||4.34%|
|661 - 780||4.56%||5.97%|
|601 - 660||7.52%||10.34%|
|501 - 600||11.89%||16.14%|
|300 - 500||14.41%||19.98%|
Why Getting Preapproved For A Car Loan Is Important
Having a preapproved auto loan streamlines the buying process because you become a cash buyer and you can bypass the usual salesman's tactic of negotiating based on monthly payment. The problem with negotiating based on the monthly payment amount is that you can easily lose sight of the total cost and end up paying more in the long run.
While you are at one of your local dealerships, the finance manager may try to beat the interest rate of your preapproved loan. Before accepting the dealer's replacement loan, make sure that the interest rate is lower, all of the other terms are comparable, and the final total price is less. It's good to be cautious because there is always a risk that the finance manager could juggle the numbers in the dealership's favor and you could end up spending more money than you would with your preapproved car loan.
As you negotiate your best deal, be sure to leave enough money to cover the sales tax and any additional fees. This way your total "out the door" cost does not exceed the maximum amount of your preapproved auto loan.
How Does Getting Preapproved For An Auto Loan Work?
Auto dealers usually offer car financing through their preferred lenders, typically at a higher interest rate than available elsewhere. Getting preapproved directly with one of our lending partners helps you to negotiate the best car loan rate before you even get to the dealership so that you can save money in the long run.
When you start your car buying process at a dealership, the salesmen will focus on the monthly payment, which makes it easier to forget about the actual price of the car. But when you show up with a preapproved auto loan, negotiations can be based on the price of the car instead.
How To Get Pre-Qualified For A Car Loan
When you’re applying with us, the application process is simple and quick. You should have the following information on-hand:
- Driver’s license and Social Security number
- Proof of income
- Employment verification
This information helps our lending partners to get a clear picture of your financial status, making it easier to secure the best auto loan rates for your credit situation.
About Oakland CA
Oakland is the largest city and the county seat of Alameda County, California, United States. A major West Coast port city, Oakland is the largest city in the East Bay region of the San Francisco Bay Area, the third largest city overall in the San Francisco Bay Area, the eighth most populated city in California, and the 45th largest city in the United States. With a population of 428,827 as of 2018, it serves as a trade center for the San Francisco Bay Area; its Port of Oakland is the busiest port in the San Francisco Bay, the entirety of Northern California, and the fifth busiest in the United States of America. An act to incorporate the city was passed on May 4, 1852, and incorporation was later approved on March 25, 1854, which officially made Oakland a city. Oakland is a charter city.
Oakland is in the eastern region of the San Francisco Bay. In 1991 the City Hall tower was at 37°48′19″N 122°16′21″W / 37.805302°N 122.272539°W / 37.805302; -122.272539 (NAD83). (The building still exists, but like the rest of the Bay Area, it has shifted northwest perhaps 0.6 meters in the last twenty years.)
The United States Census Bureau says the city’s total area is 78.0 square miles (202 km), including 55.8 square miles (145 km) of land and 22.2 square miles (57 km) (28.48 percent) of water.
Oakland’s highest point is near Grizzly Peak Blvd, east of Berkeley, just over 1,760 feet (540 m) above sea level at about 37°52′43″N 122°13′27″W / 37.8786°N 122.2241°W / 37.8786; -122.2241. Oakland has 19 miles (31 km) of shoreline, but Radio Beach is the only beach in Oakland.
Oaklanders refer to their city’s terrain as “the flatlands” and “the hills”. Until recent waves of gentrification, these terms also symbolized Oakland’s deep economic divide, with “the hills” being more affluent communities. About two-thirds of Oakland lies in the flat plain of the East Bay, with one-third rising into the foothills and hills of the East Bay range.
Ruptures along the nearby San Andreas Fault caused severe earth movement in the San Francisco Bay Area in 1906 and 1989. San Andreas quakes induces creep (movement occurring on earthquake faults) in the Hayward fault, which runs directly through Oakland, Berkeley, San Jose and other Bay Area cities.
The 2010 United States Census reported Oakland had a population of 390,724. The population density was 5,009.2 inhabitants per square mile (1,934.1/km). The racial makeup of Oakland was 134,925 (34.5%) White (non-Hispanic White 25.9%), 129,471 (28.0%) African American, 3,040 (0.8%) Native American, 65,811 (16.8%) Asian (8.7% Chinese, 2.2% Vietnamese, 1.6% Filipino, 0.7% Cambodian, 0.7% Laotian, 0.6% Korean, 0.5% Japanese, 0.5% Indian, 0.1% Mongolian), 2,222 (0.6%) Pacific Islander (0.3% Tongan), 53,378 (13.7%) from other races, and 21,877 (5.6%) from two or more races. Hispanic or Latino of any race were 99,068 persons (25.4%). 18.1% of the population were of Mexican descent, 1.9% Salvadoran, 1.3% Guatemalan, and 0.7% Puerto Rican.
The greater Oakland area has the fifth largest cluster of “elite zip codes” ranked by the number of households with the highest combination of income and education. 37.9% of residents over 25 years of age have bachelor’s degree or higher. Oakland ranked among the top cities with residents with bachelor’s degrees and graduate degrees per square mile.
Oakland ranks in the top 20 of American cities in median household income, with a 2012 value of US$51,863. In 2012, the median income for a household in the city was US$51,863 and the median income for a family was US$59,459. The mean income for a household was US$77,888 and the mean income for a family was US$90,948. Males had a median income of US$50,140 versus US$50,304 for females. The unemployment rate as of December 2013 was 9.7%.
In 2007 approximately 15.3 percent of families and 17.0 percent of the general population were below the poverty line, including 27.9 percent of those under age 18 and 13.1 percent of those age 65 or over. 0.7% of the population is homeless. Home ownership is 41% and 14% of rental units are subsidized.
As of the census of 2000, 19.4% of the population and 16.2% of families were below the poverty line. Out of the total population, 27.9% of those under the age of 18 and 13.1% of those 65 and older were living below the poverty line.
The census reported 382,586 people (97.9% of the population) lived in households, 5,675 (1.5%) lived in non-institutionalized group quarters, and 2,463 (0.6%) were institutionalized.
There were 153,791 households, out of which 44,762 (29.1%) had children under the age of 18 living in them, 50,797 (33.0%) were opposite-sex married couples living together, 24,122 (15.7%) had a female householder with no husband present, 8,799 (5.7%) had a male householder with no wife present. There were 11,289 (7.3%) unmarried opposite-sex partnerships, and 3,442 (2.2%) same-sex married couples or partnerships. 52,103 households (33.9%) were made up of individuals and 13,778 (9.0%) had someone living alone who was 65 years of age or older. The average household size was 2.49. There were 83,718 families (54.4% of all households); the average family size was 3.27.
The population was spread out with 83,120 people (21.3%) under the age of 18, 36,272 people (9.3%) aged 18 to 24, 129,139 people (33.1%) aged 25 to 44, 98,634 people (25.2%) aged 45 to 64, and 43,559 people (11.1%) who were 65 years of age or older. The median age was 36.2 years. For every 100 females, there were 94.2 males. For every 100 females age 18 and over, there were 91.8 males.
There were 169,710 housing units at an average density of 2,175.7 per square mile (840.0/km), of which 153,791 were occupied, of which 63,142 (41.1%) were owner-occupied, and 90,649 (58.9%) were occupied by renters. The homeowner vacancy rate was 3.0%; the rental vacancy rate was 8.5%. 166,662 people (42.7% of the population) lived in owner-occupied housing units and 215,924 people (55.3%) lived in rental housing units.
Oakland has consistently ranked as one of the most ethnically diverse major cities in the country. A 2019 analysis by WalletHub showed that Oakland was the most ethnoracially diverse city in the United States. The city’s formerly most populous ethnic group, whites, declined from 95.3% in 1940 to 32.5% by 1990, due to a combination of factors, including suburbanization. Oakland became a destination for African Americans in the Great Migration during and after World War II as they gained high-paying jobs in the defense industry. Blacks have formed a plurality in Oakland for many years, peaking in 1980 at about 47% of the population.
Oakland’s black population decreased by nearly 25 percent between 2000 and 2010. The city’s demographics have changed due to a combination of rising housing prices associated with gentrification and with blacks relocating to better housing in Bay Area suburbs or moving to the Southern United States in a reverse migration, where conditions are considered to have improved. This trends and cultural shifts have led to a decline among some of Oakland’s long standing black institutions, such as churches, businesses and nightclubs, which had developed during the growing years of the 1950s through 1970.
In the 2010 census African Americans maintained their status as Oakland’s single largest ethnic group, with 27% of the population, followed by non-Hispanic whites at 25.9%, and Hispanics of any race at 25.4%. Ethnic Asians constitute 17%, followed by smaller minority groups.
Many immigrants have settled in the city. Immigrants and others have marched by the thousands down Oakland’s International Boulevard in support of legal reforms benefiting undocumented immigrants.
An analysis by the Urban Institute of U.S. Census 2000 numbers showed Oakland had the third-highest concentration of gays and lesbians among the 50 largest U.S. cities, behind San Francisco and Seattle. Census data showed that among incorporated places that have at least 500 female couples, Oakland had the nation’s largest proportion. In the 2000 census, 2,650 lesbian couples identified as such in Oakland; one in every 41 Oakland couples identified as a same-sex female partnership.
Zip Code Map
94601–94615, 94617–94624, 94649, 94659–94662, 94666
For more information, see Oakland California wiki