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Most individuals decide to obtain their cars and trucks with a loan, paying monthly rather than spending just one lump sum. You can opt to line up financing through the dealer, though this can require a few hours of time. Why wait to submit an application at the lender or car lot when you can apply right now through our site? Let a finance specialist in South Bend help you get approved for financing, answering your questions at the same time.

Auto Loan Rates in South Bend

A lot of loan companies only advertise the best rate they have, which is only available to folks with perfect credit. In reality, your annual percentage rate differs hugely based on your credit score, among a number of other factors. The rates displayed below are only for informational purposes. These aren’t advertisements, and your actual rate could deviate widely from what’s displayed below.

FICO Rating New Car Pre-owned Car
Excellent 3.4% 3.7%
Good 4.6% 5.2%
Average 6.2% 6.9%
Subprime 8.1% 8.5%
Bad 10.8% 11.7%
Very Bad 11.5% 12.8%

Don’t know your FICO score? You need to. If you don’t know your fico score, you could overpay in interest. Go here to check your score.

Used Car Loans in South Bend

We are continually bombarded by advertising for new cars and trucks. However, pre-owned cars and trucks are cheaper in the end, and they require smaller down payments. Here, we review the costs of a loan for a car that is new versus a few years old.

Years Old Price Rate Months Payment Interest Total
New $17,700 6.00% 60 $342.19 $2,831 $20,531
1 Year $14,160 7.50% 60 $283.74 $2,864 $17,024
2 Years $12,036 7.50% 60 $241.18 $2,435 $14,471
3 Years $10,231 7.50% 60 $205.00 $2,069 $12,300

A second hand car is a great option, regardless of whether you’re getting a loan or paying cash. Generally, you can finance a car that is up to ten years old. Mileage limitations often apply.

Poor Credit Auto Loans in South Bend

Bad credit makes it tricky to finance a car, but it isn’t impossible. The higher your credit score, the wider array of options you’ll have. A couple of decades ago, there weren’t all that many non-bank loan providers who would supply auto loans for those with subprime credit. Now many lenders, not to mention some banks and credit unions, have subprime finance units.

For people who have recent bankruptcies or foreclosures, a buy here pay here dealer may well be the only option. While you might not have trouble with respect to approval, you’ll get taxed a lot for the opportunity.

Instead, our recommendation is that you secure a loan on the web. The down payments are cheaper, as are the annual percentage rates, and the service is far superior.

Contact an auto finance professional in your area today.

Zero Down Car Loans in South Bend

Do you need to get a car financed, but you have no cash as a down payment? Truthfully, financing a car without a down payment is sometimes hopeless. Assuming you have bad credit, there is only one real alternative: get a hold of a dealership that accepts trade-ins, and see if they’ll consider your existing car instead of a down payment.

South Bend Resources

Credit Unions


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[tboot_table strip=”yes” border=”yes” hover=”yes” cols=”Credit Union,Street address,Zip Code,Phone” data=”AAA Federal Credit Union,60600 US 31 South,46614,(574) 231-4508,AAA Federal Credit Union,Po Box 3788,46619,(574) 255-2323,AAA Federal Credit Union,P.O. Box 3788,46619,(574) 232-8021,AAA Federal Credit Union,61600 US 31 South,46614,(574) 231-4508,AAA Federal Credit Union,1112 N Bendix Dr,46628,(574) 232-8021,Communitywide,1555 W Western Ave,46628,(574) 239-2700,Communitywide,52330 Indiana 933,46637,(574) 277-5200,Communitywide,405 E Ireland Rd,46614,(574) 299-2800,Communitywide,1915 Lincolnway E,46613,(574) 289-8800,Credit Union Centers Of Indiana,3631 Edison Rd,46635,(574) 243-9460,Imeco,3404 Boland Dr,46628,(574) 232-8403,Indiana University,1700 W Mishawaka Ave,46615,(812) 855-7823,Notre Dame,St Mary’s College,46616,(574) 284-5760,Notre Dame,210 S Michigan St,46601,(574) 239-6611,Notre Dame,19033 Douglas Rd,46637,(574) 239-6611,Notre Dame,4401 W Western Ave,46619,(574) 234-3971,Notre Dame,2102 E Ireland Rd,46614,(574) 299-2220,Notre Dame,21 Lafortune Student Center,46637,(574) 631-8222,Notre Dame Federal Credit Union,801 E Lasalle Ave,46617,(574) 237-7288,Policemen’S,1130 S Main St,46601,(574) 234-1524,River Bend,718 Chapin St,46601,(574) 288-1949,S C S Credit Corporation,900 E Colfax Ave,46617,(574) 239-2000,South Bend Firefighters,1122 S Main St,46601,(574) 287-6161,South Bend Post Office,P O Box 6789,46660,(574) 272-8581,South Bend Post Office Credit Union,53790 Generations Dr,46635,(574) 272-8581,South Bend Transit,1401 S Lafayette Blvd #100,46601,(574) 232-2192,South Bend Transit FCU,402 S Notre Dame Ave,46617,(574) 232-2192,Teachers,110 S Main St,46601,(574) 232-8012,Teachers,3915 Portage Ave,46628,(574) 247-3900,Teachers,1930 W Ireland Rd,46614,(574) 291-2181,Teachers,735 Lincoln Way W,46601,(574) 233-7335,Teachers Credit Union,1930 E Ireland Rd,46614,(574) 291-2181,Teachers Credit Union,823 E Jefferson Blvd,46617,(574) 232-1911,Teachers Credit Union,735 Lincoln Way E,46601,(574) 233-7335″][/tboot_table]