Daily Auto Loan Rates California
October 28, 2025
What Auto Loans Are
An auto loan is a fixed-term loan used to buy a vehicle. In California you typically finance a new or used car and repay in monthly installments over 24 to 84 months. The car serves as collateral, which can help your rate.
Tips for Getting the Best Auto Loan in California
Tip 1: Check your credit score and fix errors before applying. A higher score generally earns lower APRs.
Tip 2: Shop several California lenders to compare offers, terms, and fees. A prequalification can help without a hard inquiry.
Tip 3: Consider a larger down payment to reduce the loan amount and the monthly payment.
Tip 4: Favor shorter terms if you can budget the payment. Shorter terms save you interest.
Tip 5: Read the fine print on fees and penalties; compare total cost, not just the monthly payment.
California Market Conditions
California's auto market blends strong demand with shifting supply and elevated prices. New cars remain pricey while used vehicles swing with inventory. Rates move with inflation, the Fed, and lender competition. For California buyers, rate shopping is essential to save money.
The Rate Table Below
Below is the daily APR rate table from popular lenders. Use it to compare starting APR, estimated payments, term lengths, and fees across California lenders.
Future Outlook for California Auto Loans
Expect APRs to drift with macro trends. If inflation cools and credit markets loosen, California rates could ease. If demand stays high or supply stays tight, rates may hold. Being preapproved helps you act fast.
Benefits
Benefits of auto financing include predictable monthly payments, faster approval, and the ability to preserve cash for other goals. California buyers also gain from online prequalification and flexible terms.
FAQs
Q: What is the difference between the interest rate and APR? A: The interest rate is the annual cost of borrowing; APR includes fees and points to show the total cost.
Q: Do I need to live in California to get CA rates? A: Residency typically helps, but many lenders offer state-specific programs; you’ll usually provide income verification and a CA driver’s license.
Q: How long can I finance a car in CA? A: Most loans run 24 to 84 months; longer terms lower payments but cost more in interest.
Auto loan rates comparison table for Oct 28, 2025
|
Lender |
Est. Payment |
Starting APR |
Term (Months) |
Est. Fees |
|
Sun Trust |
$889 |
24 |
$1,336 |
||
|
Sun Trust |
$613 |
36 |
$2,068 |
||
MyAutoLoan |
$611 |
36 |
$1,996 |
||
|
Sun Trust |
$476 |
48 |
$2,848 |
||
|
Sun Trust |
$394 |
60 |
$3,640 |
||
|
MyAutoLoan |
$393 |
60 |
$3,580 |
||
|
Sun Trust |
$343 |
72 |
$4,696 |
||
|
MyAutoLoan |
$338 |
72 |
$4,336 |
||
|
MyAutoLoan |
$304 |
84 |
$5,536 |
* Default rates and fees are based on an average $20,000 loan with good credit.