My Car Lender

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Nine out of ten new cars and trucks are bought with loans or leased. As a rule, the loan provider retains a lien on the car or truck while you’re repaying the loan. You are expected to carry full coverage insurance during this period, and your interest rate will depend largely on your credit score. Instead of spending hours at the dealership or finance company, you can apply for a car loan today online.

There are specialists in your area, happy to help you finance the car you need with a rate that won’t break the bank.

Car Loan Rates in Denver

These rates aren’t anything but estimations to give you an understanding of what annual percentage rate you can expect given where you live and your FICO score. Your exact rate will depend on various factors, which includes lender, down payment, debt-to-income ratio, length and type of loan, and much more.

Credit Score New Car Pre-owned Car
Excellent 3.1% 3.2%
Good 4.7% 4.6%
Average 6.8% 6.8%
Subprime 10.1% 9.8%
Bad 14.9% 16.4%
Very Bad 16.3% 18.0%

Checking your FICO score can prevent you from being overcharged. You can check your score here online.

Used Auto Loans in Denver

Car manufacturers are only really interested in selling brand new cars. However, pre-owned vehicles are more affordable in the end, and they require cheaper down payments. The figures speak for themselves.

Years Old Price APR Months Payment Interest Total
New $27,250 6.00% 60 $526.82 $4,359 $31,609
1 Year $21,800 7.50% 60 $436.83 $4,410 $26,210
2 Years $18,530 7.50% 60 $371.30 $3,748 $22,278
3 Years $15,751 7.50% 60 $315.61 $3,186 $18,936

For most individuals, a pre-owned car is a much better option. Most loan companies will allow you to finance a second hand car up to eight years old, and some cap the miles at 100,000 miles.

Bad Credit Car Loans in Denver

Are you handicapped by a credit score in the low 600s? To help set your rate of interest, banks and finance companies look at your history with previous car loans and leases. Although below-average credit always leads to a higher annual percentage rate, you can now request quotes from an assortment of loan companies online.


In-house financing is yet another option, offered by Denver’s buy here pay here car lots. While you might not have trouble when it comes to approval, it’ll cost you a lot for the privilege. Whenever feasible, you’ll want to obtain your finance package through one of these loan companies:

  • Local bank.
  • Credit union local to you.
  • Auto finance company.

A dealer or finance expert can help you secure financing from one of these loan companies. The rates should be lower, the terms better, and you have the chance to improve your credit in the process.

Best of all, you can submit your application online.

Decreasing Your Interest

Although your rate of interest will be based upon your credit score, there are things that you can do to make your auto loan less expensive. Fixing any credit report errors can improve your credit score substantially. Fortunately, you can check your credit once a year, at no cost, at Denver has quite a few credit restoration services to help you rectify these kinds of errors, or you can reach out to the credit bureaus all by yourself. Supplying a bigger down payment or adding a cosigner with a good credit rating may also trim your interest rate.

No Down Payment Car Loans in Denver

Saving up the cash you need to buy a car or truck is difficult, even if it’s only for the down payment. Many loan providers offer financing for 100% of the vehicle’s cost, in some cases more, but they require extremely good credit from the consumer. When you’ve got unfavorable credit, there is only one real option: locate a dealer that takes trades, and find out if they will consider your old car in lieu of a down payment.

Denver Resources

Credit Unions


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[tboot_table strip=”yes” border=”yes” hover=”yes” cols=”Credit Union,Location,Zip Code,Telephone” data=”Aimbridge Lending Group,4610 S Ulster St,80237,(303) 306-3220,Alliant Credit Union,8900 Pena Boulevard,80249,(303) 348-4024,Bellco,1801 California St #140,80202,(303) 689-7544,Colorado,717 17th St,80202,(303) 978-2274,Colorado United Credit Union,1501 Del Norte St,80221,(303) 428-9571,Columbine,7800 E Union Ave #110,80237,(720) 283-2346,Columbine Federal Credit Union,7800 E Union Ave,80237,(720) 283-2346,Credit Union Of Colorado,1390 Logan St,80203,(303) 832-4816,Credit Union Of Colorado,3100 S Sheridan Blvd #1,80227,(303) 832-4816,Credit Union Of Colorado,7541 E Iliff Ave,80231,(303) 832-4816,Credit Union Of Denver,900 Auraria Pkwy,80204,(303) 234-1700,D C,4490 Garfield St,80216,(303) 321-4414,Denver Community,1075 Acoma St,80204,(303) 573-1170,Denver Community,15460 E Andrews Dr,80239,(303) 573-1170,Denver Community,1095 Federal Blvd,80204,(303) 573-1170,Denver Community,6700 E Colfax Ave,80220,(303) 573-1170,Denver Fire Department,2201 Federal Blvd,80211,(303) 228-5300,Denver Media Credit Union,1600 Broadway,80202,(303) 894-9474,Eagle Legacy,4000 Quebec St,80207,(303) 388-8823,Eagle Legacy,1245 E Colfax Ave,80218,(303) 832-8664,Eagle Legacy,1600 W 12th Ave,80204,(303) 628-6860,Eagle Legacy Credit Union,400 S Quebec St,80224,(303) 431-3400,Eaton Employees,4800 York St,80216,(303) 296-4800,Ent,1499 Wynkoop St,80202,(719) 574-1100,Ent,707 17th St,80202,(719) 574-1100,First Medical Credit Union,1715 Ogden St,80218,(303) 861-0844,Fitzsimons,1400 Jackson St,80206,(303) 398-1015,Healthone,4567 E 9th Ave,80220,(303) 320-2244,I. U. O. E. #9,P.O. Box 40008,80204,(303) 623-3194,I. U. O. E. #9,990 Kalamath St,80204,(303) 623-3194,Legal Community Credit Union Of Col,1900 Grant St #1110,80203,(303) 860-1117,Legal Community Credit Union Of Col,1900 Grant St,80203,(303) 860-1117,Mapleton Public Schools,591 E 80th Ave,80229,(303) 288-2066,Northeast Denver Federal Credit Union,4621 Peoria St,80239,(303) 373-7454,Porter,850 E Harvard Ave,80210,(303) 778-5702,Provenant Federal Credit Union,4231 W 16th Ave,80204,(303) 629-3950,Public Service Employees,7055 E Evans Ave,80224,(303) 691-2345,Public Service Employees,2027 S University Blvd,80210,(303) 691-2345,Public Service Employees,7698 Pena Blvd,80249,(303) 691-2345,Public Service Employees,815 Colorado Blvd,80206,(303) 691-2345,Public Service Employees,1512 Larimer St,80202,(303) 691-2345,Public Service Employees,1055 Clermont St,80220,(303) 691-2345,Public Service Employees,4001 W 16th Ave,80204,(303) 691-2345,Rio Grande Operating,4593 Pecos St,80211,(303) 477-3960,Rocky Mountain Law Enforcement,700 W 39th Ave,80216,(303) 458-6660,Safeway Rocky Mountain Credit Union,13133 Arapahoe St,80202,(303) 369-6400,Safeway Rocky Mountain FCU,1961 Stout St,80294,(303) 892-0196,Security Service,99 S Broadway,80223,(210) 476-4000,Security Service,1275 S Federal Blvd,80219,(210) 476-4000,Security Service,1551 Wewatta St,80202,(210) 476-4000,Smw No 9,1725 W Mississippi Ave,80223,(303) 934-5428,Sooper,5590 W Evans Ave,80227,(303) 986-7500,Tsi Credit Union,451 E 58th Ave,80216,(303) 292-8319,U S Consolidated Federal Credit Union,721 19th Street Rm 491,80202,(303) 454-9528,United Members Mortgage Llc,7475 Dakin St,80221,(720) 540-5510,United Members Mortgage Llc,7475 Dakin St #540,80221,(720) 540-5500,Wedenem,7290 Samuel Dr #101,80221,(303) 657-8715,Wedenem Credit Union,7290 Samuel Dr #111,80221,(303) 657-8715,West Denver Community,3299 W Alameda Ave,80219,(303) 936-2299,Westerra,3700 E Alameda Ave,80209,(303) 321-4209,Westerra,3700 Quebec St,80207,(303) 321-4209,White Crown,1515 Cleveland Pl #100,80202,(303) 534-4448,White Crown,1515 Cleveland Pl,80202,(303) 534-4448″][/tboot_table]