My Car Lender

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


In today’s market, it’s extremely difficult to purchase a new car or truck if you aren’t approved for a car loan. Most often, the lender keeps a lien on the vehicle until it’s paid off. You’ll have to carry full coverage insurance, to make sure that you’ll have the money to repay the loan in case the car gets totaled. Generally, it’s smart to put together your car loan ahead of time. A local finance specialist can walk you step-by-step through the process, helping you secure a loan from a company you can trust.

Auto Loan Rates in Pensacola

The interest rates below are not ads, but estimations to give you a notion of what rate of interest can be expected given your location and your FICO score. The rate you’re provided may vary considerably from what you see here.

Credit Rating New Car Used 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 Pensacola

Perhaps you have noticed, loan companies charge slightly more expensive rates for used vehicles. However, new cars lose value so quickly, used vehicles are typically a better investment. The figures speak on their own.

Years Old Price APR Months Payment Interest Total Cost
New $30,000 6.00% 60 $579.98 $4,799 $34,799
1 Year $24,000 7.50% 60 $480.91 $4,855 $28,855
2 Years $20,400 7.50% 60 $408.77 $4,126 $24,526
3 Years $17,340 7.50% 60 $347.46 $3,507 $20,847

Are you interested in pre-owned car or truck? Below are the most popular restrictions on used vehicle financing:

  • Car no older than 7-10 years.
  • Mileage no more than 100,000 miles.
  • Purchased via dealer, not private party.

Bad Credit Car Loans in Pensacola

Your credit score is the first thing finance companies assess when determining whether to approve you financing. Better FICO scores typically lead to reduced rates of interest, but it’s considerably more complex than that. Before the internet, you really had to agree to whatever interest rate and conditions you were presented. Today, there are better ways to get financed.


It might seem that a buy here pay here dealer is the most convenient option. Most of these dealerships don’t even look at your credit, and they offer cheap, higher-mileage cars and trucks. The interest rates are very steep, and the vehicles are often price over market value.

You’ll want to avoid these dealerships when you can, securing a car loan on the web. This is the way the majority of people nowadays get financed, and it’s significantly more affordable in the long term.

Contact an auto finance professional in your area today.

No Money Down Car Loans in Pensacola

Down payments are usually required when you get a car financed. The vast majority of loan providers offer 100% financing, in some cases more, but the new owner must have top-notch credit. For people with below-average credit, there is just one real approach: find a dealer that accepts trades, and see if they can consider your existing car instead of a down payment.

Pensacola Resources

Credit Unions


[tboot_column size=”15″]

[tboot_table strip=”yes” border=”yes” hover=”yes” cols=”Credit Union,Location,Zip,Phone” data=”Baptist Regional Medical,905 W Moreno St,32501,(850) 444-7030,Central Credit Union Of Florida,P O Box 17048,32522,(850) 474-0970,Central Credit Union Of Florida,9470 Foxrun Rd,32514,(850) 474-0970,Central Credit Union Of Florida,6200 N W St,32505,(850) 474-0970,Central Credit Union Of Florida,308 N Spring St,32501,(850) 474-0970,Central Credit Union Of Florida,4964 Bayou Blvd,32504,(850) 474-0970,Florida State Employees,PO BOX 11003,32526,(850) 474-1400,Florida State Employees,7 N Coyle St,32502,(850) 438-9677,Florida State Employees,1645 E 9 Mile Rd,32514,(850) 474-1400,Gpce,200 N Pace Blvd,32501,(850) 430-1961,Gpce,9641 Holsberry Rd,32534,(850) 477-9444,Gpce,1 Energy Pl #129,32520,(850) 444-6216,Gpce Credit Union,9515 Holsberry Rd,32534,(850) 477-9444,Gulf Winds,220 E 9 Mile Rd,32534,(850) 479-9601,Gulf Winds,3695 N L St,32505,(850) 479-9601,Gulf Winds,1444 Creighton Rd,32504,(850) 479-9601,Gulf Winds,5996 N Blue Angel Pkwy,32526,(850) 479-9601,Gulf Winds,116 W Government St,32502,(850) 479-9601,Gulf Winds FCU,610 S Pace Blvd,32502,(850) 479-9601,Harvesters,8001 N 9th Ave,32514,(850) 968-2233,Harvesters,1358 W 9 Mile Rd,32534,(850) 968-2233,Harvesters,9285 W Hwy 98,32506,(850) 968-2233,Members First Credit Union Of Florida,P. O. Box 12983,32591,(850) 434-2211,Members First Credit Union Of Florida,7176 N 9th Ave,32504,(850) 434-2211,Members First Credit Union Of Florida,64 S Reus St,32502,(850) 434-2211,Members First Credit Union Of Florida,4240 W Fairfield Dr,32505,(850) 434-2211,Members First Credit Union Of Florida,250 W Airport Blvd,32505,(850) 434-2211,Navy Federal Credit Union,5550 Heritage Oaks Dr,32526,(888) 842-6328,Navy Federal Credit Union,Northcross Village Shopping Center,32514,(888) 842-6328,Navy Federal Credit Union,9070 W Hwy 98,32506,(888) 842-6328,Navy Federal Credit Union,440 N Navy Blvd,32507,(888) 842-6328,Navy Federal Credit Union,235 E 9 Mile Rd,32534,(850) 475-7929,Pen Air,1495 E 9 Mile Rd,32514,(850) 505-3200,Pen Air,5570 W Hwy 98,32507,(850) 505-3200,Pen Air,5941 Hobson Ln,32526,(850) 505-3200,Pen Air,4523 Saufley Field Rd,32526,(850) 505-3200,Pen Air,21 Cunningham St NAS,32508,(850) 505-3200,Pen Air,305 W Gregory St,32502,(850) 505-3200,Pen Air,60 Industrial Blvd,32503,(850) 505-3200,Pen Air Federal Credit Union,Whiting Fld,32501,(850) 505-3200,Pensacola,600 W Garden St,32502,(850) 438-1622,Pensacola Government,108 S Reus St,32502,(850) 432-9939,Pensacola L & N,251 Amber St,32503,(850) 433-6159,West Flordia Medical,8383 N Davis Hwy,32514,(850) 494-4899″][/tboot_table]