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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

Credit UnionStreet addressZip CodePhone
AAA Federal Credit Union60600 US 31 South46614(574) 231-4508
AAA Federal Credit UnionPo Box 378846619(574) 255-2323
AAA Federal Credit UnionP.O. Box 378846619(574) 232-8021
AAA Federal Credit Union61600 US 31 South46614(574) 231-4508
AAA Federal Credit Union1112 N Bendix Dr46628(574) 232-8021
Communitywide1555 W Western Ave46628(574) 239-2700
Communitywide52330 Indiana 93346637(574) 277-5200
Communitywide405 E Ireland Rd46614(574) 299-2800
Communitywide1915 Lincolnway E46613(574) 289-8800
Credit Union Centers Of Indiana3631 Edison Rd46635(574) 243-9460
Imeco3404 Boland Dr46628(574) 232-8403
Indiana University1700 W Mishawaka Ave46615(812) 855-7823
Notre DameSt Mary's College46616(574) 284-5760
Notre Dame210 S Michigan St46601(574) 239-6611
Notre Dame19033 Douglas Rd46637(574) 239-6611
Notre Dame4401 W Western Ave46619(574) 234-3971
Notre Dame2102 E Ireland Rd46614(574) 299-2220
Notre Dame21 Lafortune Student Center46637(574) 631-8222
Notre Dame Federal Credit Union801 E Lasalle Ave46617(574) 237-7288
Policemen'S1130 S Main St46601(574) 234-1524
River Bend718 Chapin St46601(574) 288-1949
S C S Credit Corporation900 E Colfax Ave46617(574) 239-2000
South Bend Firefighters1122 S Main St46601(574) 287-6161
South Bend Post OfficeP O Box 678946660(574) 272-8581
South Bend Post Office Credit Union53790 Generations Dr46635(574) 272-8581
South Bend Transit1401 S Lafayette Blvd #10046601(574) 232-2192
South Bend Transit FCU402 S Notre Dame Ave46617(574) 232-2192
Teachers110 S Main St46601(574) 232-8012
Teachers3915 Portage Ave46628(574) 247-3900
Teachers1930 W Ireland Rd46614(574) 291-2181
Teachers735 Lincoln Way W46601(574) 233-7335
Teachers Credit Union1930 E Ireland Rd46614(574) 291-2181
Teachers Credit Union823 E Jefferson Blvd46617(574) 232-1911
Teachers Credit Union735 Lincoln Way E46601(574) 233-7335