My Car Lender
 

Home / Finance / Nebraska Auto Finance

 

Looking to get your credit approved in Nebraska? Whether you get a loan hinges on an array of factors, which include:

  • FICO Rating
  • Earnings
  • Address
  • Cash Down

Instead of going from one finance company to another, applying for loans, you can apply right now online.

You could be behind the wheel of a new car before you know it.

Auto Finance Rates in Nebraska

Keep in mind, the rates below aren’t advertisements, but estimates at the time of publication. Your precise rate of interest will be determined by a myriad of factors, which include loan company, down payment, average income, length and type of loan, and more.

Credit Score New Car Pre-owned Car
Excellent 3.4% 3.6%
Good 4.8% 5.0%
Average 6.7% 7.8%
Subprime 9.1% 9.7%
Bad 12.8% 12.3%
Very Bad NA 12.3%

Used Auto Loans in Nebraska

Some shoppers stay away from second hand cars and trucks because the rates of interest are more expensive. Regardless, it is smart to finance a used vehicle, considering that the total cost will be considerably less. Consider the table below, which displays the costs of car loans for brand new versus used cars and trucks.

Age Price Rate Months Payment Interest Total
New $29,000 6.00% 60 $560.65 $4,639 $33,639
1 Year $23,200 7.50% 60 $464.88 $4,693 $27,893
2 Years $19,720 7.50% 60 $395.15 $3,989 $23,709
3 Years $16,762 7.50% 60 $335.88 $3,391 $20,153

Many cars lose roughly 15% of their value per annum, so you can obtain a low-mileage used car for thousands less than a brand new one. In most cases, you can finance a car that’s up to a decade old. Mileage constraints often apply.

Bad Credit Car Loans in Nebraska

Are you hoping to get a car loan in Nebraska with less-than-perfect credit? The higher your credit score, the more options you will have. Before the net, you might be turned down at quite a few lenders or dealerships before obtaining financing.

In Nebraska, buy here pay here dealerships end up serving folks with significant credit problems of one kind or another. Sure, your credit isn’t going to be a problem at this type of place, but you will wind up spending a boatload in interest for an older vehicle. Basically, it’s safer to work with a regular bank or loan provider. The interest rates are typically cheaper, the terms considerably better, and you have the chance to repair your credit along the way.

Go here to apply online.

Nebraska Resources