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Many of us purchase our cars via financing, as it makes for affrodable monthly payments. It’s possible to arrange your auto loan on the lot; however, this can take a few hours of time. The good thing is, it’s simple to submit an application on the web, which should save you a lot of time and aggravation.

Let an auto finance professional in Jefferson City help you get approved for your car loan, answering your questions at the same time.

Car Loan Rates in Jefferson City

Please keep in mind that the rates below aren’t advertisements, but estimates at the time of publication. Exact rates vary.

FICO Score New Car Pre-owned Car
Excellent 3.3% 3.5%
Good 4.7% 4.8%
Average 6.8% 7.8%
Subprime 9.1% 10.3%
Bad 13.0% 13.7%
Very Bad 13.5% 14.9%

It’s smart to know what your credit score is before you ever get financed. You can check your score here.

Used Auto Loans in Jefferson City

You’ll find that it costs a little more to finance a pre-owned car, at least when it comes to rate of interest. However, pre-owned cars and trucks are more economical in the long run, and they depreciate less. Take a look at the comparison below, depicting the costs associated with car loans for brand new versus used cars and trucks.

Years Old Price APR Months Payment Interest Total
New $19,400 6.00% 60 $375.06 $3,103 $22,503
1 Year $15,520 7.50% 60 $310.99 $3,139 $18,659
2 Years $13,192 7.50% 60 $264.34 $2,668 $15,860
3 Years $11,213 7.50% 60 $224.69 $2,268 $13,481

Are you interested in a used car or truck? Most of the time, you can get a car loan for a car that is up to ten years old. Mileage limits may apply.

Poor Credit Auto Loans in Jefferson City

Bad credit has become a major impediment for the consumers of Jefferson City and Missouri as a whole. In effect, your credit score is used a barometer of risk. Most of the time, it’s best to speak with someone familiar with the process.

Many people end up going to buy here pay here dealerships in Jefferson City that don’t check a customer’s credit. Yes, your credit will not be a concern at such a place, but you will end up shelling out a ton in interest for a high mileage vehicle. You should stay away from these car lots if possible, getting a car loan online. A traditional loan provider will report to the credit agencies, which means your credit score will improve if you make your payments on schedule.

Contact an auto finance professional in your area today.

Zero Down Cars in Jefferson City

Are you hoping to purchase a car in Jefferson City with no money down? If you’ve got superior credit, a lot of banks will do away with the down payment requirement. If your credit isn’t but average, however, a down payment of 10-20% is normally needed. By submitting an application online, you may maximize your chances of locking down such a package. Finance companies and car dealers can view what you want your down payment to be upfront. If you leave the down payment field empty, the finance consultant will get it.

Jefferson City Resources

Credit Unions

Credit UnionStreet addressZip CodeTelephone
Central ElectricP.O. Box 26965102(573) 761-2888
Conservation EmployeesPO Box 18065102(573) 522-4000
District 5 Highway1511 Missouri Blvd65109(573) 751-7706
Employment SecurityPO Box 182865102(573) 636-5338
Employment Security400 E Miller St65101(573) 636-5338
FedcoPO Box 65865102(573) 893-1474
Fedco701 S Country Club Dr65109(573) 893-1474
First FinancialPO Box 10436065110(573) 636-9198
First Financial3124 W Edgewood Dr65109(573) 636-9198
Health & Social Services Employees CU1401 Southwest Blvd65109(573) 634-7661
J C Federal Employees Credit Union1009 Madison St #365101(573) 635-8263
J C Federal Employees Credit Union1009 Madison St65101(573) 635-8263
Kilowatt Community2422 Hyde Park Rd65109(573) 635-2685
Kilowatt Credit Union1021 Southwest Blvd65109(573) 635-2685
Missouri Credit Union910 Eastland Dr65101(573) 874-1477
Missouri Credit Union1815 Southwest Blvd65109(573) 874-1477
Missouri Credit Union3200 W Edgewood Dr65109(573) 874-1477
Missouri Baptist400 E High St65101(573) 635-4428
Missouri Credit Union Association223 Madison St65101(573) 636-1010
Missouri Electric Cooperatives EmplP.O. Box 158665102(573) 634-2595
Missouri Electric Cooperatives Empl2722 E McCarty St65101(573) 634-2595
Mizzou Credit Union820 Chestnut St65101(573) 681-5007
Personal Care America2901 W Truman Blvd65109(573) 893-3040
Printing Crafts Credit Union995 Diamond Ridge65109(573) 761-4460
River Region3608 W Truman Blvd65109(573) 635-4185
River Region2009 Schotthill Woods Dr65101(573) 635-4185