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For lots of consumers, getting financed is the main impediment to purchasing the vehicle they want. Generally, the finance company keeps a lien on the car or truck during the course of the loan. You’ll have to carry comprehensive insurance until the lien is released, to make sure that you will have the money to repay the loan in case the car gets totaled. A lot of finance specialists advocate securing your car loan in advance, which offers an array of advantages:

  • Less time wasted at the car lot.
  • Lesser rate of interest.
  • Improved negotiating power.

A finance specialist can direct you through the process, ensuring you secure a loan from a company you can trust.

Car Loan Rates in Nevada

Here we’ve got interest rates approximated at different credit levels. These are not to be perceived as advertisements. Factors that impact your actual interest rate include your credit history, where you reside, your history of employment, the type of loan, and the magnitude of your loan.

Credit Rating New Car Used Car
Excellent 3.6% 4.2%
Good 5.1% 6.0%
Average 7.2% 8.5%
Subprime 10.4% 11.3%
Bad 15.2% 17.0%
Very Bad 17.1% 19.2%

Used Car Auto Loans in Nevada

It is slightly more expensive to finance a used car or truck, at least in terms of the interest. Elevated rates for pre-owned cars, however, are counterbalanced by lower down payments, monthly installments, and insurance premiums. You can finance a low-mile pre-owned car or truck for a small fraction of what it costs to finance a brand new one.

Years Old Price Rate Months Payment Interest Total Cost
New $21,400 6.00% 60 $413.72 $3,423 $24,823
1 Year $17,120 7.50% 60 $343.05 $3,463 $20,583
2 Years $14,552 7.50% 60 $291.59 $2,944 $17,496
3 Years $12,369 7.50% 60 $247.85 $2,502 $14,871

Are you considering a pre-owned car? Most loan companies will allow you to finance a used car up to eight years old, and some have a mileage cap of 100,000 miles.

Bad Credit Car Loans in Nevada

Generally, offers like no money down are unattainable if your credit score isn’t perfect. It’s a well-known fact: the higher your credit score is, the lower your interest rate. Fortunately, there are now creditors who cater to people with less-than-perfect credit. Buy here pay hereloans are a second option. No, your credit will not be an issue, but you will wind up shelling out a lot in interest for an outdated car or truck.

Instead, our recommendation is that you search for a loan via the internet. There are several benefits: more affordable interest rates, far better service. Also, if you make your payments on time, an increase to your FICO score.

Best of all, you can fill out your application online.

Nevada Resources