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If you’re interested in buying a car, used or new, odds are you’ll need a car loan for the required funds. Whether you get financed, and what interest rate you’ll have to pay, depends primarily on your credit scores. Other factors:

  • Location (Omaha)
  • Debt-to-income ratio
  • Down payment
  • Job security

Why would you want to wait to apply at the finance company or car lot when you can get approved right now through our site? Banks and dealers will fight to finance your credit, putting you in control of the approval process.

Car Loan Rates in Omaha

A lot of banks only advertise the lowest rate they have, which is only available to individuals with the highest credit scores. In fact, your annual percentage rate can vary greatly based on your credit, among a range of other variables. The rates shown below are only for informational purposes. They’re not advertisements, and your exact rate could deviate greatly from what you see below.

FICO 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 Omaha

You’ll see that the interest rates for a used car or truck are more expensive than those for a new one. Higher interest rates for used cars, however, are balanced out by more affordable down payments, monthly payments, and insurance premiums. Here, we look at the cost of financing a car that’s new versus a few years old.

Years Old 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

For most of us, a second hand vehicle is the best option. Typically, you can get a car loan for a vehicle that is up to ten years old. Mileage restrictions often apply.

Poor Credit Car Loans in Omaha

Have a FICO score that’s 620 or lower? Some people are afraid to check their credit scores, because they just don’t want to know. The thing is, though, this can be damaging. Although poor credit always results in a higher rate of interest, you can now request quotes from various lenders online.

If your credit is really poor, you may be tempted by a dealership that promotes buy here pay here loans. The rates are very steep, and the cars and trucks are often price over market value. You’ll want to steer clear of these dealerships when you can, and secure a car loan online. The down payments are lower, as are the rates, and the service tends to be a good bit superior.

Go here to apply online.

Can a Car Loan Improve Your Credit?

When you need to enhance your credit score, a car loan can help–provided that you pay the installments as scheduled. There is no instantaneous increase in your credit score. Rather, it should increase gradually as time passes. It isn’t possible to determine how many points you credit score could improve, as it depends on a variety of factors, but the increase is usually substantial.

Omaha Resources

Credit Unions

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[tboot_table strip=”yes” border=”yes” hover=”yes” cols=”Credit Union,Street address,Zip,Telephone” data=”Baker’s Federal Credit Union,11117 John Galt Blvd,68137,(402) 339-6755,Centris Federal Credit Union,11825 Q St,68137,(402) 334-7000,Centris Federal Credit Union,11718 M Cir,68137,(402) 334-7000,Centris Federal Credit Union,343 N 114th St,68154,(402) 334-7000,Centris Federal Credit Union,5021 S 24th St,68107,(402) 334-7000,Centris Federal Credit Union,15480 Spaulding Plaza,68116,(402) 334-7000,Centris Federal Credit Union,2727 S 168th St,68130,(402) 344-7000,Centris Federal Credit Union,4804 Ames Ave,68104,(402) 341-7000,Centris Federal Credit Union,7515 Main St,68127,(402) 331-4061,Creighton Federal Credit Union,2575 Dodge St,68131,(402) 341-2121,Creighton Federal Credit Union,7500 Mercy Rd,68124,(402) 398-6019,Creighton Federal Credit Union,2500 California Plaza,68178,(402) 280-1709,Creighton Federal Credit Union,9119 Bedford Ave,68134,(402) 573-0910,Electrical Workers 22 FCU,8960 L St,68127,(402) 331-3121,Electrical Workers 22 FCU,8960 L St #102,68127,(402) 331-3121,Family Focus,6221 Center St,68106,(402) 933-0233,Four Points Credit Union,PO Box 541030,68154,(402) 431-5180,Four Points Credit Union,510 N 127th St,68154,(402) 431-5180,Four Points Credit Union,12700 W Dodge Rd,68154,(402) 431-5180,Gallup,1001 Gallup Dr,68102,(402) 938-6800,Greater Omaha,601 N 30th St,68131,(402) 449-4453,Heartland Area,6111 N 72nd St,68104,(402) 571-8444,Kellogg Co Employees,9601 F St,68127,(402) 593-2680,Metro Health Services FCU,P.O. Box 390696,68139,(402) 551-3052,Metro Health Services FCU,11102 Emmet St,68164,(402) 552-7169,Metro Health Services FCU,5370 S 84th St,68127,(402) 552-7179,Metro Health Services FCU,14509 F St,68137,(402) 552-7189,Metro Health Services FCU,414 S Saddle Creek Rd,68106,(402) 552-7149,Metro Health Services FCU,1910 S 44th St,68105,(402) 552-7129,Metro Health Services FCU,4200 Dewey Ave,68131,(402) 556-7904,Mutual First FCU,14510 F St,68137,(402) 697-8200,Mutual First FCU,8073 Blondo St,68134,(402) 697-8200,Mutual First FCU,1515 S 75th St,68124,(402) 397-0827,Nebraska State Employees Credit Union,1313 Farnam St,68102,(402) 595-2801,Neighborhood Community,4848 S 120th St,68137,(402) 895-6880,Neighborhood Community,1726 N 120th St,68154,(402) 573-1242,Omaha FCU,3001 S 82nd Ave,68124,(402) 399-9001,Omaha FCU,4101 Woolworth Ave,68105,(402) 346-8800,Omaha FCU,15505 Ruggles St #109,68116,(402) 399-9001,Omaha FCU,111 S 18th St,68102,(402) 346-6270,Omaha FCU,1616 CAPITOL AVE RM 187,68102,(402) 341-9570,Omaha Burlington Employees,4302 Gibson Rd,68107,(402) 422-5358,Omaha City Offices – Credit Union- Branch Office,704 Civic Centre,68102,(402) 444-5993,Omaha Douglas FCU,8251 W Center Rd,68124,(402) 444-5999,Omaha Douglas FCU,1819 Farnam St Rm 704,68183,(402) 444-5993,Omaha Douglas FCU,42 Center St,68108,(402) 444-5482,Omaha Federal Credit Union,222 S 15th St,68102,(402) 341-8570,Omaha Federal Credit Union,222 S 15th Street Rm 1103,68102,(402) 341-9570,Omaha Firefighters,4630 S 143rd St,68137,(402) 894-5005,Omaha Police,3003 S 82nd Ave,68124,(402) 391-4040,Omaha Public Power Dist Emp,444 S 16th St,68102,(402) 636-3177,Omaha Public Power Dist Emp,E/AR/EP 5,68102,(402) 636-3177,Our Family Social,2510 S 84th St,68124,(402) 391-4279,Pentagon Federal Credit Union,23210 Fort St,68102,(402) 951-2500,Roberts Dairy Employees,P.O. Box 0366,68101,(402) 344-4321,Roberts Dairy Employees,2901 Cuming St,68131,(402) 344-4321,SAC Federal Credit Union,3161 Ames Ave,68111,(402) 829-6640,SAC Federal Credit Union,14591 Stoney Brook Blvd,68137,(402) 829-6248,SAC Federal Credit Union,11350 Wickersham Blvd,68136,(402) 898-0844,SAC Federal Credit Union,15325 Weir St,68137,(402) 829-6360,SAC Federal Credit Union,5070 Ames Ave,68104,(402) 829-6370,SAC Federal Credit Union,8809 W Center Rd,68124,(402) 829-6642,SAC Federal Credit Union,4704 S 24th St,68107,(402) 829-6485,SAC Federal Credit Union,5710 S 144th St,68137,(402) 829-6650,SAC Federal Credit Union,Offutt AFB (OFF),68113,(402) 829-6312,SAC Federal Credit Union,S 153rd St,68137,(402) 292-8000,SAC Federal Credit Union,1712 Madison St,68107,(402) 291-2200,U.P. Connection FCU,6707 Grover St,68106,(402) 391-5838,Union Pacific Streamliner FCU,1400 Douglas St. MS 0040,68179,(402) 544-2500,Union Pacific Streamliner FCU,1400 Douglas St,68179,(402) 341-7270,Union Pacific Streamliner FCU,15858 W Dodge Rd,68118,(402) 393-2222,Union Pacific Streamliner FCU,210 N 78th St,68114,(402) 391-1363,U.P. Connection FCU,304 N 168th St,68118,(402) 779-4100,Woodmen,1700 FARNAM ST FL 11,68102,(402) 271-7285″][/tboot_table]

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