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Very often, men and women choose to purchase their vehicles using a loan, making monthly payments rather than spending the whole amount upfront. A lot of the time, your finance package will be arranged at the dealership, but this can take a long time. Normally, it’s best to secure your finance package in advance.

Enjoy the convenience of having a local Columbus finance specialist direct you through the approval process. On top of that, it’s free to apply.

Auto Loan Rates in Columbus

These rates are not advertisements, but estimates to give you a feeling for what annual percentage rate can be expected given your location and your FICO score. Factors that affect your actual rate of interest include, most importantly, your credit score, but also a host of other factors

Credit Score New Car Used Car
Excellent 3.2% 3.7%
Good 4.5% 5.2%
Average 6.3% 7.1%
Subprime 8.2% 9.3%
Bad 12.4% 14.8%
Very Bad 13.4% 16.4%

Used Auto Loans in Columbus

Car makers are only really interested in selling brand new vehicles. However, pre-owned cars and trucks are more affordable in the long run, and they require cheaper down payments. Below, we review the costs of financing a car or truck that is new versus 1-3 old.

Age Price APR Months Payment Interest Total Cost
New $25,500 6.00% 60 $492.99 $4,079 $29,579
1 Year $20,400 7.50% 60 $408.77 $4,126 $24,526
2 Years $17,340 7.50% 60 $347.46 $3,507 $20,847
3 Years $14,739 7.50% 60 $295.34 $2,981 $17,720

Interested in a used car or truck? Listed below are the most popular limits on auto loans for used cars:

  • Car no older than 7-10 years.
  • Mileage no more than 100,000.
  • Bought from dealer, not private party.

Poor Credit Car Loans in Columbus

Credit rating plays a major role in loan approval and rate of interest. The better your credit score is, the more options you’ll have. Fortunately, the internet makes it a lot less complicated for the bad credit buyer.

In Columbus, buy here pay here car lots wind up servicing individuals who have serious credit problems of one kind or another. The drawbacks are substantial, such as extortionate interest rates and arrays of stipulations.

You will be better off getting a loan from a bank or credit union. This is the way most people these days get financed, and it’s significantly more economical in the long run.

Contact an auto finance professional in your area today.

Zero Down Cars in Columbus

Are you trying to buy a car or truck in Columbus without a down payment? The truth is, getting a car financed with no down payment is sometimes impossible. If you’ve got less-than-perfect credit, there is just one real course of action: track down a car dealer that accepts trades, and see if they’ll take your existing car as a down payment.

Columbus Resources

Credit Unions

Credit UnionAddressZip CodePhone
American Chemical Society2540 Olentangy River Rd43210(614) 447-3675
Anheuser-Busch Employees690 Schrock Rd43229(614) 888-2299
Azia Oriental Rugs921 Polaris Pkwy43240(614) 847-9300
Bmi760 Kinnear Rd43212(614) 707-4000
Bmi505 King Ave43201(614) 424-3093
Bmi750 Bethel Rd43214(614) 459-6305
Burgess & Niple Employees5085 Reed Rd43220(614) 459-2050
Central Ohio Community6325 Huntley Rd43229(614) 438-2388
Cme4545 N High St43214(614) 224-8890
Cme365 S 4th St43215(614) 224-8890
Columbus Metro4000 E Broad St43213(614) 239-0210
Columbus Metro3990 E Broad St43213(614) 236-3371
Columbus Metro5600 N Hamilton Rd43230(614) 855-5041
Credit Union Of Ohio152 E Broad St43215(614) 487-6650
Credit Union Of Ohio1492 E Broad St43205(614) 487-6650
Credit Union Of Ohio1660 Neil Ave43201(614) 487-6650
Education First Credit Union Inc.399 E Livingston Ave43215(614) 221-9376
Farmers Insurance Group2500 Farmers Dr43235(800) 877-2345
First Service1660 Holt Rd43228(614) 836-0100
First Service255 E Main St43215(614) 836-0100
Grange Mutual Employees671 S High St43215(614) 445-2700
Kemba Financial6230 E Broad St43213(614) 235-2395
Kemba Financial4200 E Broad St43213(614) 235-2395
Kemba Financial5555 Renner Rd43228(614) 235-2395
Kemba Financial4311 N High St43214(614) 235-2395
Kemba Financial793 W State St43222(614) 235-2395
Members First1445 Goodale Blvd43212(614) 462-6850
Midstate Educators Credit Union Inc8400 N High St43235(614) 846-2930
Motorists Insurance Employees471 E Broad St43215(614) 225-8405
Mt Olivet428 E Main St43215(614) 224-6682
Necco Columbus Empolyees Federal Credit Union896 King Ave43212(614) 291-3113
Odjfs4020 E 5th Ave43219(614) 466-3416
Ohio Credit Union League1201 Dublin Rd43215(614) 486-5093
Ohio Healthcare363 E Town St43215(614) 737-6030
Ohio Healthcare3545 Olentangy River Rd43214(614) 737-6030
Ohio Teamsters555 E Rich St43215(614) 228-2111
Powerco5665 N Hamilton Rd43230(614) 416-7588
Powerco1 Riverside Plaza43215(614) 716-4113
Producers Employees'8351 N High St #25043235(614) 433-2170
Producers Employees'8351 N High St43235(614) 433-2170
Shiloh Baptist Church332 Hamilton Ave43203(614) 253-2032
Smart3454 N High St43214(614) 261-0650
State Highway Patrol6161 Busch Blvd #21543229(614) 431-0784
State Highway Patrol6161 Busch Blvd43229(614) 431-0784
State Transportation Employees1980 W Broad St43223(614) 466-4988
Telhio96 N 4th St43215(614) 221-3233
Telhio5380 N Hamilton Rd43230(614) 221-3233
Telhio1795 Morse Crossing43224(614) 221-3233
Telhio201 Outerbelt St43213(614) 579-4688
Telhio Credit Union Inc7850 Olentangy River Rd43235(614) 431-1744
Total Assurance Federal Credit Union6740 N High St43085(614) 438-3803
Western750 Georgesville Rd43228(614) 276-6589
WhitehallP.O. Box 1312743213(614) 866-5025
Whitehall5025 E Main St43213(614) 866-5025
Wright-Patt Credit Union983 Mediterranean Ave43229(614) 847-9300