My Car Lender

Home / Finance / Hawaii Auto Finance / Honolulu (HI) Auto Loans


For many Honolulu car-buyers, getting financed is necessary to purchasing a new vehicle. You can choose to line up financing with the dealer, though this isn’t always a convenient process. Fortunately, you can request financing through our website, saving yourself a great deal of time and aggravation. Loan companies and dealers vie for your business in real time, putting you behind the wheel of the approval process.

Car Loan Rates in Honolulu

What will your interest rate be? In fact, your rate of interest can vary hugely based on your credit, among other variables. The rates displayed below are only for informational purposes. They aren’t advertisements, and your exact rate will vary.

Credit Score New Car Pre-owned Car
Excellent 3.4% 3.9%
Good 4.8% 6.3%
Average 6.2% 7.9%
Subprime 11.1% 14.8%
Bad 15.6% 20.1%
Very Bad NA NA

Used Car Auto Loans in Honolulu

Car makers are most interested in selling brand new cars. That being said, a used car auto loan has all kinds of advantages, which includes:

  • Just 10% down required.
  • Lower purchase price.
  • Minimized risk of car poor.

Consider the table below, showing the costs associated with auto loans for new versus used cars and trucks.

Years Old Price Rate Months Payment Interest Total
New $17,800 6.00% 60 $344.12 $2,847 $20,647
1 Year $14,240 7.50% 60 $285.34 $2,880 $17,120
2 Years $12,104 7.50% 60 $242.54 $2,448 $14,552
3 Years $10,288 7.50% 60 $206.16 $2,081 $12,370

After only 12 months on the road, the $17,800 new car is worth only $14,240, and only $10,288 after three years. Below are the typical restrictions on used car loans:

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

Bad Credit Auto Loans in Honolulu

By and large, loan providers want consumers with exceptional credit, as car and truck loans involve lots of money. The higher your credit score is, the lower your rate of interest. Fortunately, the internet has made it a lot less complicated for the subprime borrower.

A lot of buyers with unfavorable credit end up at one of Honolulu’s buy here pay here car lots. These dealers offer on-site auto loans, sans credit assessment. No credit checks come at a price: ridiculous annual percentage rates, a lot of conditions and terms, and overpriced vehicles.

It’s better to stay away from these dealerships if at all possible, getting an auto loan on the web. The down payments are less expensive, the same as the annual percentage rates, and the service is far better.

Go here to apply online.

Minimizing Your Annual Percentage Rate

Apart from buying a cheaper car or truck, the easiest way to trim your monthly payment is by boosting your credit. Resolving any credit report errors can boost your credit score appreciably. Fortunately, it’s free to check your credit report annually at You can dispute any mistakes yourself, or engage a company to handle the dispute for you. In some cases, adding a cosigner to your loan package could also lessen your interest rate.

No Money Down Car Loans in Honolulu

Saving enough money you need to purchase a car can be challenging, especially if your credit isn’t very good, which typically entails a large down payment. No money down finance offers, like 0% financing deals, are usually offered only to individuals with superior credit. When you’ve got a bad credit score, there’s only one real option: search for a car dealership that welcomes trade-ins, and let your existing vehicle cover the down payment on your new one.

Honolulu Resources

Credit Unions


[tboot_column size=”15″]

[tboot_table strip=”yes” border=”yes” hover=”yes” cols=”Credit Union,Address,Zip,Phone” data=”Hawaii Community,45-690 Pakalana St,96727,(800) 514-2328,North Hawaii Community,45-3600 Mamane St,96727,(808) 775-7251,Aloha,550 Paiea St #228,96819,(808) 841-6836,Aloha Pacific,832 S Hotel St,96814,(808) 531-3711,Aloha Pacific,3625 Harding Ave,96816,(808) 531-3711,Aloha Pacific,988 Fort Street Mall,96813,(808) 531-3711,Aloha Pacific,2200 Kamehameha Hwy #201,96819,(808) 531-3711,American Airlines,Terminal (HNL) 300 Rodgers Blvd,96819,(808) 831-6480,Board Of Water Supply,630 S. Beretania Street Engineerin,96813,(808) 748-5980,Board Of Water Supply,630 S Beretania St,96813,(808) 748-5980,Glover,PO Box 579,96809,(808) 218-7509,Glover,248 Sand Island Access Rd,96819,(808) 218-7509,H M S A Employees,P O Box 860,96808,(808) 948-5154,H M S A Employees,818 Keeaumoku St,96814,(808) 948-5154,Hawaii,P.O. Box 30207,96820,(808) 847-1371,Hawaii,1244 Kaumualii St,96817,(808) 847-1371,Hawaii Central,681 S King St,96813,(808) 536-3677,Hawaii Law Enforcement,1537 Young St,96826,(808) 973-4311,Hawaii Law Enforcement,801 S Beretania St,96813,(808) 532-4760,Hawaii Law Enforcement,1537 Young St Fl 3,96826,(808) 973-4311,Hawaii National Guard,P.O. BOX 10815,96816,(808) 737-5714,Hawaii National Guard,3949 Diamond Head Rd,96816,(808) 737-5714,Hawaii Pacific,1441 Kapiolani Blvd #1318,96814,(808) 955-5933,Hawaii Pacific,1450 Ala Moana Blvd #1000,96814,(808) 947-0212,Hawaii Schools,233 Vineyard St,96813,(808) 521-0302,Hawaii State,PO Box 3072,96802,(808) 587-2700,Hawaii State,3221 Waialae Ave #16,96816,(808) 426-4480,Hawaii State,1099 Alakea St #100,96813,(808) 426-4370,Hawaii State,560 Halekauwila St,96813,(808) 587-2700,Hawaii Stevedores,650 Iwilei Rd #160,96817,(808) 527-3411,Hawaiian Airlines,P O Box 30065,96820,(808) 835-3344,Hawaiian Airlines,3375 Koapaka St,96819,(808) 838-5310,Hawaiian Airlines,375 Aokea Pl,96819,(808) 835-3344,Hawaiian Electric Employees,770 Kapiolani Blvd #514,96813,(808) 543-7581,Hawaiian Tel,1138 N King St,96817,(808) 832-8700,Hawaiian Tel,1177 Bishop St,96813,(808) 532-5300,Hawaiian Tel,2199 Kalia Rd,96815,(808) 931-5109,Hawaiian Tel,1144 10th Ave,96816,(808) 735-6940,Hawaiian Tel Federal Credit Union,1144 10th Ave #101,96816,(808) 735-6940,Hawaiiusa,1226 College Walk,96817,(808) 534-4300,Hawaiiusa,771 Amana St,96814,(808) 973-1570,Hawaiiusa,Waialae Ave,96816,(808) 733-1700,Hawaiiusa,Hawaii Kai Executive Plaza,96825,(808) 393-2400,Hawaiiusa Federal Credit Union,Aiea Shopping Centre,96813,(808) 483-1500,Hickam,P.O. Box 30025,96820,(808) 423-1391,Honea,PO BOX 1358,96807,(808) 841-2473,Honolulu,P O Box 2428,96804,(808) 524-4961,Honolulu,459 Patterson Rd Rm 3B-101,96819,(808) 433-0197,Honolulu,1357 Kapiolani Blvd,96814,(808) 203-5850,Honolulu,3600 Aolele St,96818,(808) 422-7979,Honolulu,300 Ala Moana Blvd,96850,(808) 524-4961,Honolulu Fire Department,1200 N School St,96817,(808) 853-2355,Hotel And Travel Industry,1600 Kapiolani Blvd #110,96814,(808) 942-5115,Inter-Island FCU,2200 Kamehameha Hwy #206,96819,(808) 848-6600,Island Tradition,1450 Ala Moana Blvd #1300,96814,(808) 945-6426,Kamehameha,2200 Kamehameha Hwy #202,96819,(808) 842-9660,Kapalama Pacific,2200 Kamehameha Hwy #216,96819,(808) 845-2331,Kapalama Pacific,2200 Kamehameha Hwy,96819,(808) 845-2331,Kuakini Medical And Dental,347 N Kuakini St,96817,(808) 687-6280,Kuakini Medical And Dental,1703 Liliha St,96817,(808) 687-6280,Leahi,3675 Kilauea Ave,96816,(808) 733-7900,Local Union 1186 Ibew,1935 Hau St #300,96819,(808) 848-1599,Mccabe Hamilton & Renny,1130 N Nimitz Hwy,96817,(808) 533-4567,Meadow Gold Dairies,P. O. Box 1880,96805,(808) 944-5922,Meadow Gold Dairies,925 Cedar St,96814,(808) 944-5922,Media Hawaii,P.O. Box 4614,96812,(808) 545-3281,Navfac,4250 Radford Dr,96818,(808) 422-0577,Navy Federal Credit Union,4256 Radford Dr,96818,(888) 842-6328,Oahu,2219 Pauoa Rd,96813,(808) 521-6727,Oral,PO Box 3288,96801,(808) 543-9303,Oral,1331 N. Nimitz Hwy. Pier 39/40,96817,(808) 543-9303,Ots Employees,811 Middle St,96819,(808) 848-4408,Pearl Harbor,846 S Hotel St #101,96813,(808) 737-4328,Pearl Harbor,550 Paiea St #128,96819,(808) 737-4328,Pearl Harbor,1580 Makaloa St,96814,(808) 737-4328,Pearl Harbor,585 Port Royal St,96818,(808) 737-4328,Pentagon,Tripler Army Medical Center 1 Jarrett White Rd,96819,(808) 839-7077,Plumbers & Fitters Local 675,1109 Bethel St. Lower Level,96813,(808) 537-9135,Prince Kuhio,740 Kohou St,96817,(808) 946-1904,Schofield,5 Sand Island Access Rd,96819,(808) 845-9070,Sheraton Hawaii,PO Box 8559,96830,(808) 931-8000,Sheraton Hawaii,2255 Kalakaua Ave #3505,96815,(808) 931-8000,Skyone,324 Rodgers Blvd,96819,(808) 848-2828,St. Francis Medical Center,2228 Liliha St #209,96817,(808) 547-6229,The Queen’S,715 S King St #110,96813,(808) 547-4521,The Queen’S,1301 Punchbowl St Harkness #139,96813,(808) 547-4521,Theodavies,1284 Kalani St,96817,(808) 847-1909,Times,d106 3375 Koapaka St,96819,(808) 831-0986,University Of Hawaii,2019 S King St,96826,(808) 983-5500,University Of Hawaii,2010 East-West Rd,96822,(808) 983-5500″][/tboot_table]