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Auto financing makes it possible to shop for a car or truck that you would be unable to purchase in cash. Unfortunately, the process of getting financing can be a major aggravation, especially if your credit isn’t the greatest. We can help you secure your car loan faster, at an affordable rate of interest, even when your credit isn’t great.

You could be in the driver’s seat of a new car in no time flat.

Auto Loan Rates in Phoenix

Many lenders only advertise the most affordable rate they offer, which is only available to people with great credit. The reality is, your interest rate can vary hugely based on your credit, plus a range of other variables. The rates shown below are only for informational purposes. These are not advertisements, and your exact rate could be very different.

FICO Score New Car Pre-owned Car
Excellent 3.4% 3.9%
Good 4.8% 5.7%
Average 6.6% 8.2%
Subprime 9.3% 10.6%
Bad 14.4% 16.7%
Very Bad 17.1% 19.0%

Used Auto Loans in Phoenix

New cars have the most competitive rates of interest. Nevertheless, it’s smart to finance a pre-owned car, as the total price will be significantly less. Consider the chart below, illustrating the costs associated with auto loans for new versus pre-owned vehicles.

Age Price Rate Months Payment Interest Total Cost
New $30,800 6.00% 60 $595.45 $4,927 $35,727
1 Year $24,640 7.50% 60 $493.74 $4,984 $29,624
2 Years $20,944 7.50% 60 $419.67 $4,236 $25,180
3 Years $17,802 7.50% 60 $356.72 $3,601 $21,403

Are you interested in a pre-owned car or truck? Listed below are the typical limits on auto loans for used cars:

  • Car no older than 7-10 years.
  • Mileage no greater than 100,000.
  • Purchased through dealer, not private party.

Bad Credit Car Loans in Phoenix

Getting financed with below-average credit can be quite a job, especially if you don’t want to pay an outrageous rate of interest. Generally speaking, it works like this: the better your credit, the lower your interest rate. Past generations had to go from one dealer to another, in search of one able to offer them a loan. Fortunately, modern innovation has streamlined most of this groundwork.


If your credit is pretty bad, you may be keen on a car dealership that promotes buy here pay here loans. Clearly, your credit isn’t going to be a concern at this type of place, but you will end up paying a ton in interest for an outdated car or truck.

You should stay away from these dealerships whenever possible, getting an auto loan on the web. This is how the majority of people get approved, and it’s much more economical in the end.

Contact an auto finance professional in your area today.

Can a Car Loan Improve Your Credit?

As time passes, the payments made financing a car can elevate your credit score . It is important to bear in mind that this is a step by step process. Most lenders offer automatic bill-pay, which is crucial for keeping current on your payments.

Phoenix Resources

Credit Unions

Credit UnionStreet addressZip CodePhone
Aero21111 N 19th Ave85027(602) 436-2408
Aero3401 E Air Ln85034(602) 231-5655
Aero1944 East Sky Harbor Cir N85034(602) 253-6729
Alhambra7339 N 35th Ave85051(602) 246-5120
Arizona2650 W Ross Dr85027(602) 683-1850
Arizona1505 E Southern Ave85042(602) 683-1780
Arizona12401 N Cave Creek Rd85022(602) 683-1530
Arizona5151 N 19th Ave85015(602) 683-1300
Arizona15625 S 48th St85048(602) 683-1480
Arizona333 N 44th St85008(602) 683-1000
Arizona300 W Jefferson St85003(602) 683-1330
Arizona CentralPO BOX 1165085061(602) 264-6421
Arizona Central2020 N Central Ave85004(602) 523-8400
Arizona Credit Union League Inc3611 N Black Canyon Hwy85015(602) 264-6701
Arizona Grocers Credit Union8611 N Black Canyon Hwy85021(602) 252-4003
Arizona HeritageP.O. Box 1829085005(602) 258-8669
Arizona Heritage2402 W Grant St85009(602) 258-8669
Arizona Mult Bank101 N 1st Ave85003(602) 643-0030
Arizona State2355 W Pinnacle Peak Rd85027(602) 452-4800
Arizona State1812 W Monroe St85007(602) 452-4800
Arizona State Credit Union1535 W Jefferson St85007(602) 254-1626
Arizona State Savings & Credit Union1661 E Camelback Rd85016(602) 644-4740
Arizona State Savings & Credit Union20002 N 19th Ave85027(602) 644-4760
Arizona State Savings & Credit Union20022 N 31st Ave85027(602) 644-4720
Auto Source48 N 56th St85034(602) 244-1550
Banner2702 N 3rd St #401085004(602) 254-5291
Banner1111 E McDowell Rd85006(602) 254-5291
Banner9201 W Thomas Rd85037(602) 254-5291
Banner Federal Credit Union302 E McDowell Rd #10585004(602) 254-5291
Bashas' Associates1940 W Indian School Rd85015(480) 831-0098
Canyon State3440 W Deer Valley Rd85027(623) 580-6000
Canyon State20227 N 27th Ave85027(623) 869-3800
Canyon State1900 W Thomas Rd85009(623) 580-6000
Canyon State1558 W Jackson St85007(623) 580-6000
Canyon State2440 W Osborn Rd85015(623) 580-6000
Chicanos Por La Causa Federal Credit Union701 S Central Ave85004(602) 262-2752
Credit Union West350 E Dunlap Ave85020(623) 218-2223
Deer Valley15458 N 28th Ave85053(602) 375-7300
Deer Valley16215 N 28th Ave85053(602) 375-7300
Deer Valley3428 W Anthem Way85086(602) 375-7300
Desert Schools148 N 48th St85034(602) 433-7000
Desert Schools3721 E Thomas Rd85018(602) 335-4030
Desert Schools6633 N Black Canyon Hwy85015(602) 335-2800
Desert Schools1825 W Bell Rd85023(602) 335-4630
Desert Schools6145 N 35th Ave85017(602) 335-4090
Desert Schools2500 N 44th St85008(602) 335-8320
Desert Schools4940 E Ray Rd85044(602) 335-8080
Desert Schools7502 W Thomas Rd85033(602) 335-7200
Desert Schools5250 W Indian School Rd85031(602) 335-5890
Desert Schools2501 W Happy Valley Rd #3485027(602) 335-4110
Desert Schools7575 W Lower Buckeye Rd85043(602) 335-4020
Desert Schools4619 E Cactus Rd85032(602) 335-5745
Desert Schools340 E Baseline Rd85042(602) 335-4590
Desert Schools5555 N 7th St #14085014(602) 335-5700
Desert Schools3423 E Bell Rd85032(602) 335-5040
Desert Schools826 E Union Hills Dr85024(602) 335-5720
Farmers Insurance Group16001 N 28th Ave85053(800) 877-2345
First803 E Devonshire Ave85014(480) 831-2645
First Corporate Credit Union2 N Central Ave85004(602) 322-2400
First Credit Union401 W Washington St85003(480) 345-2107
Hughes Federal Credit UnionW Lincoln St85003(602) 254-4852
Maricopa Santa Fe8601 N Black Canyon Hwy #10585021(602) 266-7781
MarisolPO Box 2052585036(602) 252-6831
Marisol721 N 3rd St85004(602) 252-6831
Marisol3220 W Gibson Ln85009(602) 252-6831
Marisol2601 E Roosevelt St85008(602) 252-6831
Mayo Employees5777 E Mayo Blvd85054(480) 342-2400
Mountain America3001 W Indian School Rd85017(602) 266-3522
Payment Systems Credit Union20430 N 19th Ave85027(623) 308-8000
Shamrock Foods2926 W Encanto Blvd85009(602) 477-6429
Southwest Airlines2330 E Jones Ave #685040(602) 225-5000
Southwest Airlines Employees Credit Union2330 E Jones Ave85040(602) 225-5000
Southwest Health Care1640 W Thomas Rd85015(602) 274-7592
Southwest Health Care Credit Union500 E Thomas Rd85012(602) 274-7592
Srp Credit Union221 N 79th Ave85043(602) 797-3000
Sunwest11839 N 28th Dr85029(602) 866-1100
Sunwest302 E McDowell Rd #10085004(602) 258-5500
Sunwest Federal Credit Union - Downtown Office302 E McDowell Rd85004(602) 866-1100
Truwest5136 E Roosevelt St85008(602) 629-2600
U-HaulP.O. Box 2150685036(602) 263-6655
United Auto Credit10240 N 31st Ave #12285051(602) 216-9700
United Auto Credit2400 N Central Ave85004(602) 716-0140
United Methodist Federal Credit Union1550 E Meadowbrook Ave85014(602) 277-5325
Vantage West10440 N 32nd St85028(800) 280-3039
Vantage West200 E Van Buren St85004(602) 404-2976
Vantage West22600 N 19th Ave85027(800) 280-3039
Vantage West3416 N 24th Ln85015(602) 385-8390