Auto Loans in San Antonio (TX)

Every single day, we help people in San Antonio secure car loans, even with difficulties such as poor credit, zero credit, and no money to put down. We help them get in touch with a dealer or lender in San Antonio who can approve them based on their income, credit, and down payment. Our network of lenders is unparalleled, and we have the technology and expertise to place your application in real-time, accelerating the approval process by leaps and bounds. Truly, it’s tough to find a better way to finance a car in “San Antone.”

Competitive Rates for S.A. Consumers

Not only do we simplify the approval process, we make it easy to compare rates offered by various lenders in the San Antonio area. When you speak with your finance professional, they will typically be able to quote you rates from several different lenders. Of course, you are under no obligation to accept any of these offered rates. These days, you can submit multiple applications without decimating your credit, as long as you do so within a relatively short period of time (14-45 days).

San Antonio Bad Credit Car Loans

Credit scores are very important when purchasing a car. Have yours taken a few licks? Many shoppers are convinced they have no choice but to get approved by a buy here pay here car dealership in San Antonio, because of a low credit score, but this is hardly ever the case. We have the solution. At Longhorn Auto Finance, we serve consumers all across the credit spectrum, getting them approved for the loans they need.

It’s now thought that 1 in 5 individuals has inaccuracies on their credit report, as reported by one of the leading credit reporting agencies:

  • Equifax
  • Experian
  • Transunion

Each year, you can check your credit for free at, in accordance with the FACT (Fair and Accurate Credit Transactions) Act, in order to ensure you secure the APR rate that’s as low as possible. To illustrate the impact of your credit score on your auto loan, take a look at these numbers.

Excellent Credit Subprime Credit
Size of Loan $19,680 $19,680
Interest Rate 3.50% 10.00%
Term 5 years 5 years
Interest $1,801 $5,409

For a reliable estimate of your interest rate, you should contact a vehicle finance specialist.

Auto Loans for Preowned Cars in San Antonio

A used vehicle is a good option for anyone interested in avoiding negative equity. Given that preowned vehicles are a lot more affordable, you will probably have less interest paid, even if you have a less affordable interest rate. If you are anxious about repairs and maintenance, you can purchase a a vehicle that has low mileage and good ratings when it comes to reliability. To help you decide whether a new or used car loan you need, we have published the following chart. We’re assuming a car or truck two years old, having lost one half of its value, and a borrower with a prime credit score.

New Car Used Car
Price $24,600 $12,300
Down Payment $4,920 $1,230
Interest Rate 5.00% 7.50%
Length 60 months 48 months
Monthly Payment $371.39 $267.66
Interest Paid $2,603 $1,778
Total Paid $27,203 $14,078


San Antonio Buy Here Pay Here Financing

Buy here pay here dealerships would love you to believe that you don’t have any option but them, but this generally isn’t the way it is. Such dealers provide credit lines in-house, unlike conventional dealerships which outsource this, and they regard your income as a form of credit. Negatives include ridiculous annual percentage rates, money down, and vehicle prices Is improving your credit important to you? If so, you should contact a vehicle finance professional through us, seeing as buy here pay here car lots will not help you raise your credit.

San Antonio Consumer Profile

  • Income Per Year: $29,524
  • Monthly Income: $2460
  • Ideal Car Payment: $197 (8% of monthly income)

Below we have a table displaying what car can be afforded with a payment of $197, 20% down payment, and 60 month term.

Prime Credit Fair Credit Bad Credit
Payment $197 $197 $197
Interest Rate 3.50% 7.00% 10.00%
Term 60 Months 60 Months 60 Months
Vehicle Price $13,523 $12,423 $11,578
Money Down $2,705 $2,485 $2,316
Amount Borrowed $10,818 $9,939 $9,262
Total Interest $990 $1,869 $2,546
Total Paid $14,513 $14,293 $14,124

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Longhorn Auto Finance is your trusted source for auto financing in San Antonio. Talk to a lending manager in your area today.