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Are you considering a new or pre-owned vehicle in Kansas City, and plan to finance it? A lot of the time, your auto loan will be arranged in the dealer’s office, but this can take hours. Instead of wasting time at the car lot or finance company, you can submit an application for a car loan on the web. Lenders and dealers will fight to finance your credit, putting you in the driver’s seat of the approval process.

Auto Loan Rates in Kansas City

Most banks don’t display Kansas City auto loan rates based on FICO score. Instead, they give you the most affordable rate available. The reality is, your annual percentage rate varies hugely based on your credit, among a number of other things. The rates shown below are only for informational purposes. These aren’t advertisements, and your actual rate could deviate vastly from what’s displayed below.

Credit Rating 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%

Used Car Financing in Kansas City

You will find that the loan rates for a pre-owned car or truck are greater than the rates for a new one. Steeper rates of interest for used vehicles, however, are contrasted by lower down payments, monthly installments, and premiums. Check out the chart below.

Years Old Price APR Months Payment Interest Total Cost
New $20,000 6.00% 60 $386.66 $3,199 $23,199
1 Year $16,000 7.50% 60 $320.61 $3,236 $19,236
2 Years $13,600 7.50% 60 $272.52 $2,751 $16,351
3 Years $11,560 7.50% 60 $231.64 $2,338 $13,898

Basically, the car bought new for $20,000 is worth only $11,560 after 36 months on the road. Typically, you can finance a vehicle that is up to a decade old. Mileage limitations often apply.

Bad Credit Auto Loans in Kansas City

Your credit score is the first thing finance companies review when determining whether to approve you financing. Nothing is more embarrassing than having your credit turned down at the bank or dealership. Fortunately, we offer access to loan providers who focus on subprime lending situations.

If your credit is in pretty poor shape, you may be drawn to a car dealership that promotes buy here pay here loans. While you might not have difficulty when it comes to approval, you will be taxed handsomely for the opportunity. As a rule, it’s preferable to deal with a regular old bank, credit union, or loan company. The rates are typically cheaper, the terms better, and you have the ability to improve your credit at the same time.

Best of all, you can submit your application online.

Can a Car Loan Improve Your Credit?

An auto loan can be a great method of boosting your credit score, but it’s essential that you make your payments promptly. Please remember that this is a step by step process. You can’t really calculate exactly how many points you credit score could improve, given that it depends on a number of factors, but the improvement is usually considerable.

Kansas City Resources

Credit Unions


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[tboot_table strip=”yes” border=”yes” hover=”yes” cols=”Credit Union,Location,Zip Code,Telephone” data=”1st Credit Union,315 W Pershing Rd,64108,(816) 842-5650,Bayer Credit Union,8400 Hawthorne Rd,64120,(816) 242-2133,Burlington Northtown Community CU,1002 Swift St,64116,(816) 474-5610,Burlington Northtown Community CU,1804 Swift Ave,64116,(816) 474-5610,Butler Employees,PO Box 419917,64141,(816) 968-3900,Catholic Family Credit Union,9237 Ward Pkwy #114,64114,(816) 444-7440,Catholic Family Credit Union,8330 Ward Pkwy,64114,(816) 444-7440,Central Communications,5090 N Oak Trfy,64118,(816) 842-0727,Central Communications,2007 Broadway St,64108,(816) 842-0727,Clay County Teachers Credit Union,6604 N Oak Trfy,64118,(816) 452-8375,Community America CU,PO BOX 15950,66285,(913) 905-7000,Community America CU,11601 E Us Highway 40,64133,(816) 412-3978,Community America CU,5400 NE Antioch Rd,64118,(816) 410-4720,Community America CU,6390 N Cosby Ave,64151,(816) 741-7400,Community America CU,4357 NE Chouteau Trafficway,64117,(913) 905-7000,Community America CU,11501 Blue Ridge Blvd,64134,(816) 874-4270,Community America CU,207 NE Englewood Rd,64118,(816) 412-3990,Community America CU,9060 NW Skyview Ave,64154,(913) 905-7000,Community America CU,8450 NE Flintlock Rd,64157,(816) 412-4050,Community America CU,7613 NW Prairie View Rd,64151,(913) 905-7000,Community America CU,9310 N Oak Trafficway,64155,(816) 468-9400,Community America CU,11125 NW Ambassador Dr,64153,(913) 905-7000,Community America CU,6500 NW Prairie View Rd,64151,(816) 741-1367,Cross Roads,4226 Gardner Ave,64120,(816) 483-4574,CSD Credit Union,8510 E Bannister Rd,64134,(816) 763-4020,Edison Credit Union,4200 E Front St,64120,(816) 231-3380,Financial FCU,1729 Grand Blvd,64108,(305) 577-1328,Healthcare Community,2316 E Meyer Blvd,64132,(816) 276-9406,Healthcare Community,6601 Rockhill Rd,64131,(816) 276-7588,Heartland Community,406 E Bannister Rd,64131,(816) 363-2223,Holy Rosary,533 Campbell St,64106,(816) 221-2734,Honeywell Federal Credit Union,404 E Bannister Rd,64131,(816) 523-9000,K C Area Credit Union,601 E 12th St #632,64106,(816) 221-5282,K. C. Police,PO Box 270020,64127,(816) 504-2800,K. C. Police,1125 Locust St,64106,(816) 504-2808,K. C. Police,8320 N Brighton Ave,64119,(816) 504-2800,K. C. Police,2800 E 14th St,64127,(816) 504-2800,K.C. Area,P.O. Box 15566,64106,(816) 936-5050,K.C. Area,601 E. 12th St. Rm G-15,64106,(816) 936-5050,K.C. Area,901 Locust St,64106,(816) 842-6163,Kansas City,5110 Ararat Dr,64129,(816) 861-5700,Kansas City,414 E 12 St,64106,(816) 513-3400,Kansas City Credit Union,7245 N Oak Trafficway,64118,(816) 436-4384,KC Terminal Employees CU,1015 Avenida Cesar E Chavez,64108,(816) 842-6473,KCUMB Credit Union,1750 E Independence Ave,64106,(816) 654-7990,Mainstreet,5001 N Oak Trfy,64118,(913) 599-1010,Mazuma Credit Union,9300 Troost Ave,64131,(816) 361-4194,Mazuma Credit Union,n149 601 E 12th St,64106,(816) 361-4194,Mazuma Credit Union,333 West Pershing PO 137,64108,(816) 361-4194,Mazuma Credit Union,4001 Blue Pkwy #100,64130,(816) 361-4194,Mazuma Credit Union,6501 Beacon Dr #103,64133,(816) 361-4194,Mazuma Credit Union,601 E 12th St,64106,(816) 361-4194,Mazuma Credit Union,301 NW Englewood Rd,64118,(816) 361-4194,Metropolitan,4420 Madison Ave,64111,(816) 931-4164,Midwest United Credit Union,5720 E Bannister Rd,64192,(816) 763-7283,Missouri Family Credit Union,2105 E Independence Ave,64124,(816) 241-6733,R-G Federal Credit Union,1500 E Bannister Rd,64131,(816) 363-0335,Saint Lukes Hospital Of Kansas City – Credit Union,4200 Pennsylvania Ave #161,64111,(816) 932-5300,Scientific Research Partners,425 Volker Blvd,64110,(816) 753-7600,St Lukes,4200 Pennsylvania Ave,64111,(816) 932-5300,St Lukes,5800 NW Barry Rd,64154,(816) 880-6364,United Consumers,30 W Pershing Rd,64108,(816) 325-6900,United Consumers Credit Union,63rd Street Blue Rdg,64129,(816) 325-6900,United Labor,6320 Manchester Ave #41,64133,(816) 313-2848,United Labor Credit Union,6320 Manchester Ave #41c,64133,(816) 313-2848″][/tboot_table]