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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

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[tboot_table strip=”yes” border=”yes” hover=”yes” cols=”Credit Union,Address,Zip Code,Phone” data=”American Chemical Society,2540 Olentangy River Rd,43210,(614) 447-3675,Anheuser-Busch Employees,690 Schrock Rd,43229,(614) 888-2299,Azia Oriental Rugs,921 Polaris Pkwy,43240,(614) 847-9300,Bmi,760 Kinnear Rd,43212,(614) 707-4000,Bmi,505 King Ave,43201,(614) 424-3093,Bmi,750 Bethel Rd,43214,(614) 459-6305,Burgess & Niple Employees,5085 Reed Rd,43220,(614) 459-2050,Central Ohio Community,6325 Huntley Rd,43229,(614) 438-2388,Cme,4545 N High St,43214,(614) 224-8890,Cme,365 S 4th St,43215,(614) 224-8890,Columbus Metro,4000 E Broad St,43213,(614) 239-0210,Columbus Metro,3990 E Broad St,43213,(614) 236-3371,Columbus Metro,5600 N Hamilton Rd,43230,(614) 855-5041,Credit Union Of Ohio,152 E Broad St,43215,(614) 487-6650,Credit Union Of Ohio,1492 E Broad St,43205,(614) 487-6650,Credit Union Of Ohio,1660 Neil Ave,43201,(614) 487-6650,Education First Credit Union Inc.,399 E Livingston Ave,43215,(614) 221-9376,Farmers Insurance Group,2500 Farmers Dr,43235,(800) 877-2345,First Service,1660 Holt Rd,43228,(614) 836-0100,First Service,255 E Main St,43215,(614) 836-0100,Grange Mutual Employees,671 S High St,43215,(614) 445-2700,Kemba Financial,6230 E Broad St,43213,(614) 235-2395,Kemba Financial,4200 E Broad St,43213,(614) 235-2395,Kemba Financial,5555 Renner Rd,43228,(614) 235-2395,Kemba Financial,4311 N High St,43214,(614) 235-2395,Kemba Financial,793 W State St,43222,(614) 235-2395,Members First,1445 Goodale Blvd,43212,(614) 462-6850,Midstate Educators Credit Union Inc,8400 N High St,43235,(614) 846-2930,Motorists Insurance Employees,471 E Broad St,43215,(614) 225-8405,Mt Olivet,428 E Main St,43215,(614) 224-6682,Necco Columbus Empolyees Federal Credit Union,896 King Ave,43212,(614) 291-3113,Odjfs,4020 E 5th Ave,43219,(614) 466-3416,Ohio Credit Union League,1201 Dublin Rd,43215,(614) 486-5093,Ohio Healthcare,363 E Town St,43215,(614) 737-6030,Ohio Healthcare,3545 Olentangy River Rd,43214,(614) 737-6030,Ohio Teamsters,555 E Rich St,43215,(614) 228-2111,Powerco,5665 N Hamilton Rd,43230,(614) 416-7588,Powerco,1 Riverside Plaza,43215,(614) 716-4113,Producers Employees’,8351 N High St #250,43235,(614) 433-2170,Producers Employees’,8351 N High St,43235,(614) 433-2170,Shiloh Baptist Church,332 Hamilton Ave,43203,(614) 253-2032,Smart,3454 N High St,43214,(614) 261-0650,State Highway Patrol,6161 Busch Blvd #215,43229,(614) 431-0784,State Highway Patrol,6161 Busch Blvd,43229,(614) 431-0784,State Transportation Employees,1980 W Broad St,43223,(614) 466-4988,Telhio,96 N 4th St,43215,(614) 221-3233,Telhio,5380 N Hamilton Rd,43230,(614) 221-3233,Telhio,1795 Morse Crossing,43224,(614) 221-3233,Telhio,201 Outerbelt St,43213,(614) 579-4688,Telhio Credit Union Inc,7850 Olentangy River Rd,43235,(614) 431-1744,Total Assurance Federal Credit Union,6740 N High St,43085,(614) 438-3803,Western,750 Georgesville Rd,43228,(614) 276-6589,Whitehall,P.O. Box 13127,43213,(614) 866-5025,Whitehall,5025 E Main St,43213,(614) 866-5025,Wright-Patt Credit Union,983 Mediterranean Ave,43229,(614) 847-9300″][/tboot_table]

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