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The majority of us purchase our cars and trucks using a loan, as it’s challenging to save the funds for an outright purchase. How nice it would be if this was a convenient process, but it’s really not. Creditors require lots of information before choosing to grant you a car loan. We make it possible to arrange your car loan more quickly, at a cost-effective rate, even when your credit isn’t the best.

A local Oklahoma City finance specialist can help you get approved for your auto loan, answering your questions at the same time.

Car Loan Rates in Oklahoma City

Keep in mind, the rates below should not be regarded as advertisements, but instead estimates at the time of publication. Your exact interest rate will be determined by several variables, including loan provider, down payment, monthly income, loan-to-value ratio, etc.

Credit Score New Car Used Car
Excellent 3.6% 4.3%
Good 4.8% 5.8%
Average 6.8% 8.4%
Subprime 9.7% 10.2%
Bad 12.7% 13.9%
Very Bad 13.6% 15.1%

Used Auto Loans in Oklahoma City

Used cars and trucks don’t cost somuch, but the rates are somewhat more expensive. That being said, a second hand car loan has a wealth of benefits, like:

  • Less percentage down required.
  • Cheaper sticker price.
  • Less risk of negative equity.

You can finance a low-mile used vehicle for a fraction of what it costs to finance a brand new one.

Years Old Price APR Months Payment Interest Total Cost
New $28,800 6.00% 60 $556.78 $4,607 $33,407
1 Year $23,040 7.50% 60 $461.67 $4,660 $27,700
2 Years $19,584 7.50% 60 $392.42 $3,961 $23,545
3 Years $16,646 7.50% 60 $333.56 $3,367 $20,014

Are you interested in pre-owned car? As a rule, you can get a car loan for a car that is up to 10 years old. Mileage restrictions often apply.

Poor Credit Auto Loans in Oklahoma City

Credit ratings of less than 680 are often regarded as subprime, and those less than 620 are simply bad. To help set your rate of interest, banks and finance companies check your history with prior auto loans and leases. In decades past, there weren’t but a few non-bank lenders who would grant auto loans for those with credit problems. Now many loan companies, and also some banks and credit unions, have subprime finance teams.

In Oklahoma City, buy here pay here car lots end up serving a large proportion of the bad credit demographic The cons are substantial: exorbitant rates and multitudinous stipulations.

You’ll want to keep clear of these car lots whenever possible, securing an auto loan on the web. The down payments are lower, as are the loan rates, and the service is much better.

Best of all, you can submit your application online.

No Money Down Financing in Oklahoma City

In most situations, you’ll still need some actual cash to finance a car, as a down payment of 10-20% is typically required. Generally, there are a couple of prerequisites for a zero down car loan:

  • The car is brand new.
  • The shopper has an extremely good FICO score.

By submitting an application online, you may maximize your odds of obtaining this sort of an offer. Lenders and car dealers are able to view your preferred down payment ahead of time. Simply put 0 in the down payment field, and the financing expert will get it.

Oklahoma City Resources

Credit Unions


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[tboot_table strip=”yes” border=”yes” hover=”yes” cols=”Credit Union,Street address,Zip,Telephone” data=”Advancial,701 NW 63rd St,73116,(405) 840-2442,Allegiance,PO Box 57020,73157,(405) 789-7900,Allegiance,101 N Robinson Ave,73102,(405) 789-7900,Allegiance,12200 S Western Ave,73170,(405) 789-7900,Allegiance,4235 N Meridian Ave,73112,(405) 789-7900,Baptist Medical Center,3400 Nw Expy,73112,(405) 945-4770,Cherokee Strip Credit Union,1301 N Waverly Pcy,73101,(405) 971-1194,Communication FCU,4141 NW Expressway Hwy,73116,(405) 879-5691,Credit Union One Of Oklahoma,PO Box 53005,73152,(405) 557-0167,Credit Union One Of Oklahoma,2400 N Lincoln Blvd,73105,(405) 557-0167,Credit Union One Of Oklahoma,3330 N Lincoln Blvd,73105,(405) 557-0167,Credit Union One Of Oklahoma,14101 N May Ave #101,73134,(405) 752-8663,Credit Union Service Center,6312 E Reno Ave,73110,(405) 732-4848,CSH Federal Credit Union,1326 Alameda,73128,(405) 701-1330,FAA,8230 NW Express Way,73162,(405) 682-1990,FAA,3805 S Western Ave,73109,(405) 682-1990,FAA,10201 S Western Ave,73139,(800) 448-1990,FAA,5710 SW 63rd St,73159,(405) 682-1990,Farmers Insurance Group,7340 W Memorial Rd,73142,(800) 877-2345,Howard Henson & Associates- Inc.,913 NW 92nd St,73114,(800) 223-6532,Integris,4900 N Portland Ave #101,73112,(405) 947-3730,Integris,4200 S Douglas Ave #100,73109,(405) 644-6121,Integris Federal Credit Union,4900 N Portland Ave,73112,(405) 947-3730,Members Trust of the Southwest FCU,1204 S Agnew Ave,73108,(405) 235-8543,Midwest City Credit Union,3210 Belaire Dr,73110,(405) 732-5554,Municipal Emps Cu Of Oklahoma City,101 N Walker Ave,73102,(405) 813-5500,Municipal Emps Cu Of Oklahoma City,3561 W Memorial Rd,73134,(405) 813-5564,Municipal Emps Cu Of Oklahoma City,9012 N Council Rd,73132,(405) 813-5570,Municipal Emps Cu Of Oklahoma City,8812 S Walker Ave,73139,(405) 813-5550,Oklahoma,517 NE 36th St,73105,(405) 524-6467,Oklahoma,2401 NW 23rd St,73107,(405) 943-9959,Oklahoma,921 NE 13 Street Rm 1B-113,73105,(405) 456-3114,Oklahoma Educators,6001 Northwest Expy,73132,(405) 722-2234,Oklahoma Educators Credit Union,6001 Northwest Expressway Street,73132,(405) 722-2234,Oklahoma Employees,636 NE 41st St,73105,(405) 606-6328,Oklahoma Employees,15100 N May Ave,73134,(405) 606-6328,Oklahoma Employees,3020 N Stiles Ave,73105,(405) 606-6328,Oklahoma Employees,7230 Nw Expy,73132,(405) 606-6328,Oklahoma Employees,200 NE 21st St,73105,(405) 606-6328,Oklahoma Employees,9000 Broadway Ext,73114,(405) 475-3608,Oklahoma Employees,530 SW 119th St,73170,(405) 606-6328,Oklahoma League For The Blind,501 N Douglas Ave,73106,(405) 232-4644,Oklahoma R E & T Employees Credit Union,54309 Po Box,73154,(405) 478-0046,Oklahoma Re&T Employees,PO Box 54309,73154,(405) 478-0046,Oklahoma Re&T Employees,2325 E I 44 Service Rd,73111,(405) 478-0046,Ou Federal Credit Union,2000 N Lindsay Ave,73105,(405) 325-2211,Santa Fe Credit Union,2401 NW 23rd St #60b,73107,(405) 943-9959,Ssmok Employees,PO Box 60347,73146,(405) 272-6100,Ssmok Employees,1000 N Lee Ave #3214,73102,(405) 272-6100,Teachers,900 N Klein Ave,73106,(405) 232-8288,The Focus,420 NE 10th St,73104,(405) 230-1328,The Focus,5501 N Portland Ave,73112,(405) 512-5970,The Focus,4200 W Memorial Rd,73120,(405) 752-3632,The Focus,4200 S Douglas Ave,73109,(405) 636-7612,Tinker,PO Box 45750,73145,(405) 732-0324,Tinker,4140 Interstate 40,73108,(405) 732-0324,Tinker,1177 NE 23rd St,73111,(405) 732-0324,Tinker,9601 S Pennsylvania Ave,73159,(405) 732-0324,Tinker,4626 NW 39th Expy,73122,(405) 732-0324,U. S. Employees O. C.,PO BOX 44000,73144,(405) 685-6200,U. S. Employees O. C.,4025 W Reno Ave,73107,(405) 685-6200,U. S. Employees O. C.,301 NW 6th St,73102,(405) 685-6200,U. S. Employees O. C.,2705 Nw Expy,73112,(405) 685-6200,U. S. Employees O. C.,4301 S Interstate 44 Service Rd,73119,(405) 685-6200,U. S. Employees O. C.,215 Dean a McGee Ave,73102,(405) 685-6200,Weokie,26090 Box Canyon Rd,73142,(405) 235-3030,Weokie,7600 S Pennsylvania Ave,73159,(405) 235-3030,Weokie,2727 SW 15th St,73108,(405) 235-3030,Weokie,8100 W Reno Ave,73128,(405) 235-3030,Weokie,5909 Northwest Expy,73132,(405) 235-3030,Woods,121 SW 89th St,73139,(405) 632-5300″][/tboot_table]