My Car Lender

Home / Finance / Florida Auto Finance / Naples (FL) Auto Loans


In today’s world, it’s become very tough to purchase a new car or truck if you aren’t eligible for a loan. If you’ve got first-rate credit, this is a pretty basic process. If you have a low credit score, however, it can be a real nightmare. A great many financial professionals advocate lining up your auto loan before stepping foot on the dealer lot, which provides several advantages:

  • Fewer hours wasted at the dealer lot.
  • More affordable APR.
  • Greater bargaining power.

A finance expert can guide you through the process, ensuring you obtain financing from a finance company in your area.

Auto Finance Rates in Naples

These rates are only for informational purposes. They are not advertisements. Your precise interest rate could differ significantly from the rates right here.

FICO Score New Car Pre-owned Car
Excellent 3.2% 3.3%
Good 4.4% 4.5%
Average 6.1% 6.0%
Subprime 9.0% 9.4%
Bad 13.4% 14.1%
Very Bad 13.8% 15.5%

Used Car Auto Loans in Naples

New vehicles are tempting, for sure. Regardless, it is better to finance a pre-owned car, since the total price will be substantially less. You can finance a solid pre-owned vehicle for so much less than what it costs to finance a new one.

Years Old Price APR Months Payment Interest Total Cost
New $26,800 6.00% 60 $518.12 $4,287 $31,087
1 Year $21,440 7.50% 60 $429.61 $4,337 $25,777
2 Years $18,224 7.50% 60 $365.17 $3,686 $21,910
3 Years $15,490 7.50% 60 $310.40 $3,133 $18,624

Essentially, the car financed new for $26,800 won’t be worth but $15,490 after 36 months. Let’s consider the most popular restrictions on auto loans for used cars:

  • Car not more than 7-10 years old.
  • Mileage no higher than 100,000.
  • Bought from dealer, not private party.

Poor Credit Car Loans in Naples

Credit history is a huge factor when it comes to loan approval and annual percentage rate. To help determine your interest rate, lenders assess your history with past auto loans and leases. Although below-average credit always leads to a more expensive annual percentage rate, you can now request quotes from several different loan providers online.


Lots of buyers with unfavorable credit find themselves at one of Naples’s buy here pay here dealers. These retailers grant auto loans internally, with no credit check. No, your credit isn’t going to be an issue at this type of place, but you will wind up forking out a lot in interest for an older car or truck.

Instead, it’s a smart idea to search for your loan via the internet. A regular lender will report to the credit reporting agencies, which means your credit score will improve as long as you keep making your payments as agreed.

Go here to apply online.

Minimizing Your Interest Rate

Apart from buying a more economical vehicle, the most effective way to reduce your monthly installment is by boosting your credit score. Repairing any credit report inaccuracies can raise your credit score significantly. A lot of consumers don’t know that, once per year, you can check your credit report free of charge via Naples has several credit restoration services to help you rectify these kinds of errors, or you can file the dispute yourself. In some cases, having someone cosign your loan could also lower your annual percentage rate.

No Down Payment Car Loans in Naples

Are you aiming to purchase a car or truck in Naples with zero down payment? For those who have fantastic credit, the majority of loan providers will waive the down payment requirement. If your credit is just fair, however, a down payment of 10-20% is typically required. By submitting an application online, you can improve your odds of locking down such a deal, as dealerships can view what you want your down payment to be upfront.

Naples Resources

Credit Unions


[tboot_column size=”15″]

[tboot_table strip=”yes” border=”yes” hover=”yes” cols=”Credit Union,Address,Zip,Telephone” data=”Suncoast Schools,7465 Vanderbilt Beach Rd,34119,(800) 999-5887,Suncoast Schools,8793 Tamiami Trail E,34113,(800) 999-5887,Suncoast Schools,1035 Crosspointe Dr,34110,(800) 999-5887,Suncoast Schools,2728 Horseshoe Dr N,34104,(800) 999-5887″][/tboot_table]