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

Credit UnionLocationZip CodeTelephone
Aimbridge Lending Group4610 S Ulster St80237(303) 306-3220
Alliant Credit Union8900 Pena Boulevard80249(303) 348-4024
Bellco1801 California St #14080202(303) 689-7544
Colorado717 17th St80202(303) 978-2274
Colorado United Credit Union1501 Del Norte St80221(303) 428-9571
Columbine7800 E Union Ave #11080237(720) 283-2346
Columbine Federal Credit Union7800 E Union Ave80237(720) 283-2346
Credit Union Of Colorado1390 Logan St80203(303) 832-4816
Credit Union Of Colorado3100 S Sheridan Blvd #180227(303) 832-4816
Credit Union Of Colorado7541 E Iliff Ave80231(303) 832-4816
Credit Union Of Denver900 Auraria Pkwy80204(303) 234-1700
D C4490 Garfield St80216(303) 321-4414
Denver Community1075 Acoma St80204(303) 573-1170
Denver Community15460 E Andrews Dr80239(303) 573-1170
Denver Community1095 Federal Blvd80204(303) 573-1170
Denver Community6700 E Colfax Ave80220(303) 573-1170
Denver Fire Department2201 Federal Blvd80211(303) 228-5300
Denver Media Credit Union1600 Broadway80202(303) 894-9474
Eagle Legacy4000 Quebec St80207(303) 388-8823
Eagle Legacy1245 E Colfax Ave80218(303) 832-8664
Eagle Legacy1600 W 12th Ave80204(303) 628-6860
Eagle Legacy Credit Union400 S Quebec St80224(303) 431-3400
Eaton Employees4800 York St80216(303) 296-4800
Ent1499 Wynkoop St80202(719) 574-1100
Ent707 17th St80202(719) 574-1100
First Medical Credit Union1715 Ogden St80218(303) 861-0844
Fitzsimons1400 Jackson St80206(303) 398-1015
Healthone4567 E 9th Ave80220(303) 320-2244
I. U. O. E. #9P.O. Box 4000880204(303) 623-3194
I. U. O. E. #9990 Kalamath St80204(303) 623-3194
Legal Community Credit Union Of Col1900 Grant St #111080203(303) 860-1117
Legal Community Credit Union Of Col1900 Grant St80203(303) 860-1117
Mapleton Public Schools591 E 80th Ave80229(303) 288-2066
Northeast Denver Federal Credit Union4621 Peoria St80239(303) 373-7454
Porter850 E Harvard Ave80210(303) 778-5702
Provenant Federal Credit Union4231 W 16th Ave80204(303) 629-3950
Public Service Employees7055 E Evans Ave80224(303) 691-2345
Public Service Employees2027 S University Blvd80210(303) 691-2345
Public Service Employees7698 Pena Blvd80249(303) 691-2345
Public Service Employees815 Colorado Blvd80206(303) 691-2345
Public Service Employees1512 Larimer St80202(303) 691-2345
Public Service Employees1055 Clermont St80220(303) 691-2345
Public Service Employees4001 W 16th Ave80204(303) 691-2345
Rio Grande Operating4593 Pecos St80211(303) 477-3960
Rocky Mountain Law Enforcement700 W 39th Ave80216(303) 458-6660
Safeway Rocky Mountain Credit Union13133 Arapahoe St80202(303) 369-6400
Safeway Rocky Mountain FCU1961 Stout St80294(303) 892-0196
Security Service99 S Broadway80223(210) 476-4000
Security Service1275 S Federal Blvd80219(210) 476-4000
Security Service1551 Wewatta St80202(210) 476-4000
Smw No 91725 W Mississippi Ave80223(303) 934-5428
Sooper5590 W Evans Ave80227(303) 986-7500
Tsi Credit Union451 E 58th Ave80216(303) 292-8319
U S Consolidated Federal Credit Union721 19th Street Rm 49180202(303) 454-9528
United Members Mortgage Llc7475 Dakin St80221(720) 540-5510
United Members Mortgage Llc7475 Dakin St #54080221(720) 540-5500
Wedenem7290 Samuel Dr #10180221(303) 657-8715
Wedenem Credit Union7290 Samuel Dr #11180221(303) 657-8715
West Denver Community3299 W Alameda Ave80219(303) 936-2299
Westerra3700 E Alameda Ave80209(303) 321-4209
Westerra3700 Quebec St80207(303) 321-4209
White Crown1515 Cleveland Pl #10080202(303) 534-4448
White Crown1515 Cleveland Pl80202(303) 534-4448