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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

Credit UnionStreet addressZipTelephone
Baker's Federal Credit Union11117 John Galt Blvd68137(402) 339-6755
Centris Federal Credit Union11825 Q St68137(402) 334-7000
Centris Federal Credit Union11718 M Cir68137(402) 334-7000
Centris Federal Credit Union343 N 114th St68154(402) 334-7000
Centris Federal Credit Union5021 S 24th St68107(402) 334-7000
Centris Federal Credit Union15480 Spaulding Plaza68116(402) 334-7000
Centris Federal Credit Union2727 S 168th St68130(402) 344-7000
Centris Federal Credit Union4804 Ames Ave68104(402) 341-7000
Centris Federal Credit Union7515 Main St68127(402) 331-4061
Creighton Federal Credit Union2575 Dodge St68131(402) 341-2121
Creighton Federal Credit Union7500 Mercy Rd68124(402) 398-6019
Creighton Federal Credit Union2500 California Plaza68178(402) 280-1709
Creighton Federal Credit Union9119 Bedford Ave68134(402) 573-0910
Electrical Workers 22 FCU8960 L St68127(402) 331-3121
Electrical Workers 22 FCU8960 L St #10268127(402) 331-3121
Family Focus6221 Center St68106(402) 933-0233
Four Points Credit UnionPO Box 54103068154(402) 431-5180
Four Points Credit Union510 N 127th St68154(402) 431-5180
Four Points Credit Union12700 W Dodge Rd68154(402) 431-5180
Gallup1001 Gallup Dr68102(402) 938-6800
Greater Omaha601 N 30th St68131(402) 449-4453
Heartland Area6111 N 72nd St68104(402) 571-8444
Kellogg Co Employees9601 F St68127(402) 593-2680
Metro Health Services FCUP.O. Box 39069668139(402) 551-3052
Metro Health Services FCU11102 Emmet St68164(402) 552-7169
Metro Health Services FCU5370 S 84th St68127(402) 552-7179
Metro Health Services FCU14509 F St68137(402) 552-7189
Metro Health Services FCU414 S Saddle Creek Rd68106(402) 552-7149
Metro Health Services FCU1910 S 44th St68105(402) 552-7129
Metro Health Services FCU4200 Dewey Ave68131(402) 556-7904
Mutual First FCU14510 F St68137(402) 697-8200
Mutual First FCU8073 Blondo St68134(402) 697-8200
Mutual First FCU1515 S 75th St68124(402) 397-0827
Nebraska State Employees Credit Union1313 Farnam St68102(402) 595-2801
Neighborhood Community4848 S 120th St68137(402) 895-6880
Neighborhood Community1726 N 120th St68154(402) 573-1242
Omaha FCU3001 S 82nd Ave68124(402) 399-9001
Omaha FCU4101 Woolworth Ave68105(402) 346-8800
Omaha FCU15505 Ruggles St #10968116(402) 399-9001
Omaha FCU111 S 18th St68102(402) 346-6270
Omaha FCU1616 CAPITOL AVE RM 18768102(402) 341-9570
Omaha Burlington Employees4302 Gibson Rd68107(402) 422-5358
Omaha City Offices - Credit Union- Branch Office704 Civic Centre68102(402) 444-5993
Omaha Douglas FCU8251 W Center Rd68124(402) 444-5999
Omaha Douglas FCU1819 Farnam St Rm 70468183(402) 444-5993
Omaha Douglas FCU42 Center St68108(402) 444-5482
Omaha Federal Credit Union222 S 15th St68102(402) 341-8570
Omaha Federal Credit Union222 S 15th Street Rm 110368102(402) 341-9570
Omaha Firefighters4630 S 143rd St68137(402) 894-5005
Omaha Police3003 S 82nd Ave68124(402) 391-4040
Omaha Public Power Dist Emp444 S 16th St68102(402) 636-3177
Omaha Public Power Dist EmpE/AR/EP 568102(402) 636-3177
Our Family Social2510 S 84th St68124(402) 391-4279
Pentagon Federal Credit Union23210 Fort St68102(402) 951-2500
Roberts Dairy EmployeesP.O. Box 036668101(402) 344-4321
Roberts Dairy Employees2901 Cuming St68131(402) 344-4321
SAC Federal Credit Union3161 Ames Ave68111(402) 829-6640
SAC Federal Credit Union14591 Stoney Brook Blvd68137(402) 829-6248
SAC Federal Credit Union11350 Wickersham Blvd68136(402) 898-0844
SAC Federal Credit Union15325 Weir St68137(402) 829-6360
SAC Federal Credit Union5070 Ames Ave68104(402) 829-6370
SAC Federal Credit Union8809 W Center Rd68124(402) 829-6642
SAC Federal Credit Union4704 S 24th St68107(402) 829-6485
SAC Federal Credit Union5710 S 144th St68137(402) 829-6650
SAC Federal Credit UnionOffutt AFB (OFF)68113(402) 829-6312
SAC Federal Credit UnionS 153rd St68137(402) 292-8000
SAC Federal Credit Union1712 Madison St68107(402) 291-2200
U.P. Connection FCU6707 Grover St68106(402) 391-5838
Union Pacific Streamliner FCU1400 Douglas St. MS 004068179(402) 544-2500
Union Pacific Streamliner FCU1400 Douglas St68179(402) 341-7270
Union Pacific Streamliner FCU15858 W Dodge Rd68118(402) 393-2222
Union Pacific Streamliner FCU210 N 78th St68114(402) 391-1363
U.P. Connection FCU304 N 168th St68118(402) 779-4100
Woodmen1700 FARNAM ST FL 1168102(402) 271-7285