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Are you hoping to finance a car in Birmingham? Often, automotive financing is arranged on the lot, but this can take major time out of your day. Rather than spending hours at the car lot or bank, you can fill out an application for a car loan through our site.

This is especially worthwhile for people who’ve got credit problems, as a variety of dealers will review your application, many of which specialize in bad credit lending scenarios.

Auto Finance Rates in Birmingham

Most loan companies don’t supply auto finance rates based on FICO score. Instead, they showcase the lowest rate they offer. In fact, your rate of interest can vary hugely based on your credit, among other variables. The rates shown below are only for informational purposes. These aren’t advertisements, and your actual rate will vary.

Credit Rating New Car Used Car
Excellent 3.0% 3.4%
Good 4.3% 4.9%
Average 6.0% 7.3%
Subprime 8.7% 9.8%
Bad 13.5% 14.3%
Very Bad 14.0% 16.0%

Used Car Financing in Birmingham

Yes, the rates of interest for a used vehicle are more expensive than the rates for a new one. On the other hand, financing a pre-owned car or truck is smarter, considering that the total cost will be significantly less. Take a look at the chart below, which displays the costs of auto loans for new versus used cars and trucks.

Years Old Price APR Months Payment Interest Total
New $19,000 6.00% 60 $367.32 $3,039 $22,039
1 Year $15,200 7.50% 60 $304.58 $3,075 $18,275
2 Years $12,920 7.50% 60 $258.89 $2,613 $15,533
3 Years $10,982 7.50% 60 $220.06 $2,221 $13,203

Once it leaves the dealership, a new car or truck loses as much as 25% of its value, and it keeps depreciating every year. A car that cost $19,000 new won’t be worth but $10,982 after 36 months of ownership. Listed below are the common limitations on used vehicle financing:

  • Vehicle not more than 7-10 years old.
  • Mileage no more than 100,000 miles.
  • Bought through dealer, not private party.

Bad Credit Car Loans in Birmingham

Generally speaking, promotions such as zero down are unthinkable if your credit score isn’t in the 700s. In effect, your FICO score is used a measure of risk. Like any large investment, it’s best to speak with a specialist who can guide you through the process.


If your credit is pretty lousy, you may be tempted to go to a car dealership that promotes buy here pay here loans. No credit checks come at a price: outrageous rates, strict terms, and high-priced, well-used vehicles. You will be happier with a car loan from a bank, credit union, or loan company. The interest rates will undoubtedly be less expensive, the terms superior, and you have the ability to repair your credit at the same time.

Best of all, you can submit your application online.

Can a Car Loan Improve Your Credit?

A car loan can be a powerful way to raise your credit score, but it’s vital that you make your payments on time. Your FICO score won’t surge the instant you pay off your loan. It slowly but surely increases as you make your payments from month to month. Most lenders offer automated bill-pay solutions, which are crucial for making your payments by the due date each and every month.

Birmingham Resources

Credit Unions

Credit UnionAddressZip CodeTelephone
AcipcoPO Box 272735202(205) 328-4371
Acipco1501 31st Ave N35207(205) 328-4371
Acipco Federal Credit Union2930 16th St N35207(205) 252-0799
Alabama Central3601 4th Ave S35222(205) 510-1300
Alabama Central250 W Oxmoor Rd35209(205) 941-1010
Alabama Central Credit Union131 Citation Ct35209(205) 940-9798
Alabama Credit Union League22 Inverness Center Pkwy35242(205) 991-9710
Alabama PostalP> O> Box 1162735202(205) 252-4812
Alabama TelcoPo Box 36028735236(205) 985-2828
Alabama Telco3439 Colonnade Pkwy35243(205) 967-2993
Alabama Telco613 19th St N35203(205) 252-8024
Alabama Telco2150 Gadsden Hwy35235(205) 661-9712
Alabama Telco103 Oxmoor Rd35209(205) 942-9977
Alabama Telco Credit Union3439 Colonnade Pkwy #10035243(205) 967-2993
Alabama Telco Credit Union1849 Data Dr35244(205) 985-2828
America'S FirstP.O. BOX 1134935203(205) 320-4185
America'S First1200 4th Ave N35203(205) 320-4185
America'S First1819 20th St35218(205) 781-4220
America'S FirstInverness Center Pkwy35242(205) 995-0001
America'S First1918 Veterans Memorial Dr35214(205) 798-8914
America'S First724 Crow Dr35215(205) 836-8380
America'S First3312 Old Columbiana Rd35226(205) 823-3985
America'S FirstFrankfurt Cir35211(205) 945-1188
America'S First Federal Credit Union1910 Gadsden Hwy35235(205) 655-3360
America'S First Federal Credit UnionLakeshore35203(205) 945-1188
America'S First Federal Credit Union1819 20th Pl SW35211(205) 781-4220
America'S First Federal Credit Union2 Inverness Center Pkwy35242(205) 995-0001
America'S First Federal Credit Union3355 Vanderbilt Rd35234(205) 841-1098
America'S First Federal Credit UnionPo Box 1134935202(205) 327-2328
America'S First Federal Credit Union920 Parkway Dr35215(205) 699-2091
AngPO Box 17020435217(205) 841-4525
Ang Federal Credit Union5401 E Lake Blvd35217(205) 841-4525
Apco Employees1608 7th Ave N35203(205) 257-3601
Apco Employees750 17th St N35203(205) 257-3601
Apco Employees42 Inverness Center Pkwy35242(205) 992-5030
Apco Employees600 18th St N35203(205) 257-3601
Bbm Federal Credit Union630 Ishkooda Rd SW35211(205) 925-1305
Birmingham Federal Employees FCU801 Tom Martin Drive Rm 27935211(205) 945-1778
Birmingham Financial1600 20th St S35205(205) 558-2861
Birmingham News Employees2201 4th Ave N35203(205) 325-2430
Carraway Methodist Credit Union1600 Carraway Blvd35234(205) 502-6284
City Of B'Ham General Employees708 17th St N35203(205) 583-4654
Coca-Cola United Federal Credit Union4600 E Lake Blvd35217(205) 808-9194
Coosa Pines524 Red Lane Rd35215(205) 838-2466
Credit Union Service Center1169 Huffman Rd35215(205) 856-5522
Credit Union Service Center2801 John Hawkins Pkwy35244(205) 682-6990
EbscoP O Box 194335201(205) 991-1106
Ebsco110 Olmsted St35242(205) 991-1106
Ebsco5724 U.S. 28035242(205) 991-1106
EcoPO Box 238535201(205) 226-3900
Eco3746 Lorna Rd35244(205) 226-3938
Eco2430 Old Springville Rd35215(205) 226-3940
Eco2100 18th St S35209(205) 226-3959
Energen47 W Oxmoor Rd35209(205) 944-1192
Federal Employees1509 4th Ave S35233(205) 322-4026
Fireman'S1808 7th Ave N35203(205) 252-6083
First Educators898 Arkadelphia Rd35204(205) 226-7976
First Educators3613 6th Ave S35222(205) 581-8800
First Educators Credit UnionPo Box 3648935236(205) 581-8800
Guiding Light Church - Credit Union1846 John Rogers Dr35210(205) 838-2466
H A B D Federal Credit Union3535 7th Ave S35222(205) 458-2714
Health1400 6th Ave S35233(205) 930-1213
Ibm Se Employees Federal Credit Union2001 12th Ave N35234(205) 323-0722
Ibm Southeast Employees1200 8th Ave N #101935203(205) 323-0724
Jefferson County Employees716 Richard Arrington Jr Blvd N35203(205) 325-5683
Jefferson County Teachers' Credit Union2120 12th Ave N35234(205) 226-3900
Jefferson County Teachers' Credit Union409 Huffman Rd35215(205) 226-3941
L&N Employees4101 Vanderbilt Rd35217(205) 841-2544
Legacy Community200 Corporate Ridge Rd35242(205) 933-9933
Legacy Community1920 4th Ave S35233(205) 933-9933
Legacy Community1400 20th St S35205(205) 933-9933
Legacy Community1729 5th Ave N35203(205) 252-5476
Legacy Community9825 Parkway E35215(205) 854-9952
Legacy Community6001 Service Rd35235(205) 655-0880
Legacy Community801 Tom Martin Dr35211(205) 945-1778
Legacy Community800 Montclair Rd35213(205) 592-3272
Legacy Community2815 Greystone Commercial Blvd #60035242(205) 408-0088
Legacy Community701 Princeton Ave SW35211(205) 783-5411
Legacy Community1880 Chace Lake Pkwy35244(205) 988-3747
Legacy Community Federal Credit UnionTarrant Huffman Ln35217(205) 854-9952
Milestone351 24th St N35203(205) 252-6569
Mutual SavingsPO BOX 36204535236(205) 682-1100
Mutual Savings199 Bessemer Super Hwy35228(205) 929-2274
Mutual Savings2040 Valleydale Terrace35244(205) 682-1100
Mutual Savings Credit Union5950 Chalkville Rd35235(205) 655-3656
New Hope Baptist Church1741 Jefferson Ave SW35211(205) 923-3866
New Pilgrim641 Goldwire Way SW35211(205) 326-3852
Nrs Community DevelopmentPO BOX 13052035213(205) 833-3556
Nrs Community Development7400 London Ave35206(205) 833-3556
O'NealP O BOX 262335202(205) 599-8010
O'Neal744 41st St N35222(205) 599-8010
Peoples First Federal Credit Union1140 Ford Ave35217(205) 841-1818
Platinum Federal Credit Union5549 Colony Ln35226(205) 402-2002
Railroad Federal Credit Union1808 2nd Ave S35210(205) 956-0678
S R I Employees2000 9th Ave S35205(205) 581-2312
Secure First Credit Union3000 Winewood Rd35215(205) 520-2115
Secure First Credit Union2725 35th Ave N35207(205) 520-2115
Sixth Avenue Baptist1101 Martin Luther King Jr Dr35211(205) 322-6654
Social SecurityPO Box 93735201(205) 323-7028
Social Security1200 Reverend Abraham Woods Jr Blvd35285(205) 323-7028
St. Johns Ame Birmingham708 15th St N35203(205) 251-3764
State Farm100 State Farm Pkwy35209(205) 616-6199
United Auto Credit Corperation3 Riverchase Office Rd35244(205) 444-0996
University Federal Credit Union516 20th St S35210(205) 934-9258
University Federal Credit Union525 Brookwood Blvd35209(205) 879-8383