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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


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[tboot_table strip=”yes” border=”yes” hover=”yes” cols=”Credit Union,Address,Zip Code,Telephone” data=”Acipco,PO Box 2727,35202,(205) 328-4371,Acipco,1501 31st Ave N,35207,(205) 328-4371,Acipco Federal Credit Union,2930 16th St N,35207,(205) 252-0799,Alabama Central,3601 4th Ave S,35222,(205) 510-1300,Alabama Central,250 W Oxmoor Rd,35209,(205) 941-1010,Alabama Central Credit Union,131 Citation Ct,35209,(205) 940-9798,Alabama Credit Union League,22 Inverness Center Pkwy,35242,(205) 991-9710,Alabama Postal,P> O> Box 11627,35202,(205) 252-4812,Alabama Telco,Po Box 360287,35236,(205) 985-2828,Alabama Telco,3439 Colonnade Pkwy,35243,(205) 967-2993,Alabama Telco,613 19th St N,35203,(205) 252-8024,Alabama Telco,2150 Gadsden Hwy,35235,(205) 661-9712,Alabama Telco,103 Oxmoor Rd,35209,(205) 942-9977,Alabama Telco Credit Union,3439 Colonnade Pkwy #100,35243,(205) 967-2993,Alabama Telco Credit Union,1849 Data Dr,35244,(205) 985-2828,America’S First,P.O. BOX 11349,35203,(205) 320-4185,America’S First,1200 4th Ave N,35203,(205) 320-4185,America’S First,1819 20th St,35218,(205) 781-4220,America’S First,Inverness Center Pkwy,35242,(205) 995-0001,America’S First,1918 Veterans Memorial Dr,35214,(205) 798-8914,America’S First,724 Crow Dr,35215,(205) 836-8380,America’S First,3312 Old Columbiana Rd,35226,(205) 823-3985,America’S First,Frankfurt Cir,35211,(205) 945-1188,America’S First Federal Credit Union,1910 Gadsden Hwy,35235,(205) 655-3360,America’S First Federal Credit Union,Lakeshore,35203,(205) 945-1188,America’S First Federal Credit Union,1819 20th Pl SW,35211,(205) 781-4220,America’S First Federal Credit Union,2 Inverness Center Pkwy,35242,(205) 995-0001,America’S First Federal Credit Union,3355 Vanderbilt Rd,35234,(205) 841-1098,America’S First Federal Credit Union,Po Box 11349,35202,(205) 327-2328,America’S First Federal Credit Union,920 Parkway Dr,35215,(205) 699-2091,Ang,PO Box 170204,35217,(205) 841-4525,Ang Federal Credit Union,5401 E Lake Blvd,35217,(205) 841-4525,Apco Employees,1608 7th Ave N,35203,(205) 257-3601,Apco Employees,750 17th St N,35203,(205) 257-3601,Apco Employees,42 Inverness Center Pkwy,35242,(205) 992-5030,Apco Employees,600 18th St N,35203,(205) 257-3601,Bbm Federal Credit Union,630 Ishkooda Rd SW,35211,(205) 925-1305,Birmingham Federal Employees FCU,801 Tom Martin Drive Rm 279,35211,(205) 945-1778,Birmingham Financial,1600 20th St S,35205,(205) 558-2861,Birmingham News Employees,2201 4th Ave N,35203,(205) 325-2430,Carraway Methodist Credit Union,1600 Carraway Blvd,35234,(205) 502-6284,City Of B’Ham General Employees,708 17th St N,35203,(205) 583-4654,Coca-Cola United Federal Credit Union,4600 E Lake Blvd,35217,(205) 808-9194,Coosa Pines,524 Red Lane Rd,35215,(205) 838-2466,Credit Union Service Center,1169 Huffman Rd,35215,(205) 856-5522,Credit Union Service Center,2801 John Hawkins Pkwy,35244,(205) 682-6990,Ebsco,P O Box 1943,35201,(205) 991-1106,Ebsco,110 Olmsted St,35242,(205) 991-1106,Ebsco,5724 U.S. 280,35242,(205) 991-1106,Eco,PO Box 2385,35201,(205) 226-3900,Eco,3746 Lorna Rd,35244,(205) 226-3938,Eco,2430 Old Springville Rd,35215,(205) 226-3940,Eco,2100 18th St S,35209,(205) 226-3959,Energen,47 W Oxmoor Rd,35209,(205) 944-1192,Federal Employees,1509 4th Ave S,35233,(205) 322-4026,Fireman’S,1808 7th Ave N,35203,(205) 252-6083,First Educators,898 Arkadelphia Rd,35204,(205) 226-7976,First Educators,3613 6th Ave S,35222,(205) 581-8800,First Educators Credit Union,Po Box 36489,35236,(205) 581-8800,Guiding Light Church – Credit Union,1846 John Rogers Dr,35210,(205) 838-2466,H A B D Federal Credit Union,3535 7th Ave S,35222,(205) 458-2714,Health,1400 6th Ave S,35233,(205) 930-1213,Ibm Se Employees Federal Credit Union,2001 12th Ave N,35234,(205) 323-0722,Ibm Southeast Employees,1200 8th Ave N #1019,35203,(205) 323-0724,Jefferson County Employees,716 Richard Arrington Jr Blvd N,35203,(205) 325-5683,Jefferson County Teachers’ Credit Union,2120 12th Ave N,35234,(205) 226-3900,Jefferson County Teachers’ Credit Union,409 Huffman Rd,35215,(205) 226-3941,L&N Employees,4101 Vanderbilt Rd,35217,(205) 841-2544,Legacy Community,200 Corporate Ridge Rd,35242,(205) 933-9933,Legacy Community,1920 4th Ave S,35233,(205) 933-9933,Legacy Community,1400 20th St S,35205,(205) 933-9933,Legacy Community,1729 5th Ave N,35203,(205) 252-5476,Legacy Community,9825 Parkway E,35215,(205) 854-9952,Legacy Community,6001 Service Rd,35235,(205) 655-0880,Legacy Community,801 Tom Martin Dr,35211,(205) 945-1778,Legacy Community,800 Montclair Rd,35213,(205) 592-3272,Legacy Community,2815 Greystone Commercial Blvd #600,35242,(205) 408-0088,Legacy Community,701 Princeton Ave SW,35211,(205) 783-5411,Legacy Community,1880 Chace Lake Pkwy,35244,(205) 988-3747,Legacy Community Federal Credit Union,Tarrant Huffman Ln,35217,(205) 854-9952,Milestone,351 24th St N,35203,(205) 252-6569,Mutual Savings,PO BOX 362045,35236,(205) 682-1100,Mutual Savings,199 Bessemer Super Hwy,35228,(205) 929-2274,Mutual Savings,2040 Valleydale Terrace,35244,(205) 682-1100,Mutual Savings Credit Union,5950 Chalkville Rd,35235,(205) 655-3656,New Hope Baptist Church,1741 Jefferson Ave SW,35211,(205) 923-3866,New Pilgrim,641 Goldwire Way SW,35211,(205) 326-3852,Nrs Community Development,PO BOX 130520,35213,(205) 833-3556,Nrs Community Development,7400 London Ave,35206,(205) 833-3556,O’Neal,P O BOX 2623,35202,(205) 599-8010,O’Neal,744 41st St N,35222,(205) 599-8010,Peoples First Federal Credit Union,1140 Ford Ave,35217,(205) 841-1818,Platinum Federal Credit Union,5549 Colony Ln,35226,(205) 402-2002,Railroad Federal Credit Union,1808 2nd Ave S,35210,(205) 956-0678,S R I Employees,2000 9th Ave S,35205,(205) 581-2312,Secure First Credit Union,3000 Winewood Rd,35215,(205) 520-2115,Secure First Credit Union,2725 35th Ave N,35207,(205) 520-2115,Sixth Avenue Baptist,1101 Martin Luther King Jr Dr,35211,(205) 322-6654,Social Security,PO Box 937,35201,(205) 323-7028,Social Security,1200 Reverend Abraham Woods Jr Blvd,35285,(205) 323-7028,St. Johns Ame Birmingham,708 15th St N,35203,(205) 251-3764,State Farm,100 State Farm Pkwy,35209,(205) 616-6199,United Auto Credit Corperation,3 Riverchase Office Rd,35244,(205) 444-0996,University Federal Credit Union,516 20th St S,35210,(205) 934-9258,University Federal Credit Union,525 Brookwood Blvd,35209,(205) 879-8383″][/tboot_table]