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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

Credit UnionLocationZip CodeTelephone
1st Credit Union315 W Pershing Rd64108(816) 842-5650
Bayer Credit Union8400 Hawthorne Rd64120(816) 242-2133
Burlington Northtown Community CU1002 Swift St64116(816) 474-5610
Burlington Northtown Community CU1804 Swift Ave64116(816) 474-5610
Butler EmployeesPO Box 41991764141(816) 968-3900
Catholic Family Credit Union9237 Ward Pkwy #11464114(816) 444-7440
Catholic Family Credit Union8330 Ward Pkwy64114(816) 444-7440
Central Communications5090 N Oak Trfy64118(816) 842-0727
Central Communications2007 Broadway St64108(816) 842-0727
Clay County Teachers Credit Union6604 N Oak Trfy64118(816) 452-8375
Community America CUPO BOX 1595066285(913) 905-7000
Community America CU11601 E Us Highway 4064133(816) 412-3978
Community America CU5400 NE Antioch Rd64118(816) 410-4720
Community America CU6390 N Cosby Ave64151(816) 741-7400
Community America CU4357 NE Chouteau Trafficway64117(913) 905-7000
Community America CU11501 Blue Ridge Blvd64134(816) 874-4270
Community America CU207 NE Englewood Rd64118(816) 412-3990
Community America CU9060 NW Skyview Ave64154(913) 905-7000
Community America CU8450 NE Flintlock Rd64157(816) 412-4050
Community America CU7613 NW Prairie View Rd64151(913) 905-7000
Community America CU9310 N Oak Trafficway64155(816) 468-9400
Community America CU11125 NW Ambassador Dr64153(913) 905-7000
Community America CU6500 NW Prairie View Rd64151(816) 741-1367
Cross Roads4226 Gardner Ave64120(816) 483-4574
CSD Credit Union8510 E Bannister Rd64134(816) 763-4020
Edison Credit Union4200 E Front St64120(816) 231-3380
Financial FCU1729 Grand Blvd64108(305) 577-1328
Healthcare Community2316 E Meyer Blvd64132(816) 276-9406
Healthcare Community6601 Rockhill Rd64131(816) 276-7588
Heartland Community406 E Bannister Rd64131(816) 363-2223
Holy Rosary533 Campbell St64106(816) 221-2734
Honeywell Federal Credit Union404 E Bannister Rd64131(816) 523-9000
K C Area Credit Union601 E 12th St #63264106(816) 221-5282
K. C. PolicePO Box 27002064127(816) 504-2800
K. C. Police1125 Locust St64106(816) 504-2808
K. C. Police8320 N Brighton Ave64119(816) 504-2800
K. C. Police2800 E 14th St64127(816) 504-2800
K.C. AreaP.O. Box 1556664106(816) 936-5050
K.C. Area601 E. 12th St. Rm G-1564106(816) 936-5050
K.C. Area901 Locust St64106(816) 842-6163
Kansas City5110 Ararat Dr64129(816) 861-5700
Kansas City414 E 12 St64106(816) 513-3400
Kansas City Credit Union7245 N Oak Trafficway64118(816) 436-4384
KC Terminal Employees CU1015 Avenida Cesar E Chavez64108(816) 842-6473
KCUMB Credit Union1750 E Independence Ave64106(816) 654-7990
Mainstreet5001 N Oak Trfy64118(913) 599-1010
Mazuma Credit Union9300 Troost Ave64131(816) 361-4194
Mazuma Credit Unionn149 601 E 12th St64106(816) 361-4194
Mazuma Credit Union333 West Pershing PO 13764108(816) 361-4194
Mazuma Credit Union4001 Blue Pkwy #10064130(816) 361-4194
Mazuma Credit Union6501 Beacon Dr #10364133(816) 361-4194
Mazuma Credit Union601 E 12th St64106(816) 361-4194
Mazuma Credit Union301 NW Englewood Rd64118(816) 361-4194
Metropolitan4420 Madison Ave64111(816) 931-4164
Midwest United Credit Union5720 E Bannister Rd64192(816) 763-7283
Missouri Family Credit Union2105 E Independence Ave64124(816) 241-6733
R-G Federal Credit Union1500 E Bannister Rd64131(816) 363-0335
Saint Lukes Hospital Of Kansas City - Credit Union4200 Pennsylvania Ave #16164111(816) 932-5300
Scientific Research Partners425 Volker Blvd64110(816) 753-7600
St Lukes4200 Pennsylvania Ave64111(816) 932-5300
St Lukes5800 NW Barry Rd64154(816) 880-6364
United Consumers30 W Pershing Rd64108(816) 325-6900
United Consumers Credit Union63rd Street Blue Rdg64129(816) 325-6900
United Labor6320 Manchester Ave #4164133(816) 313-2848
United Labor Credit Union6320 Manchester Ave #41c64133(816) 313-2848