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Generally consumers prefer to obtain their cars and trucks using a loan, paying in monthly installments instead of spending the entire amount at one time. How nice it would be if this was a simple process, but it really isn’t. Lenders ask a good number of questions before agreeing to approve you for financing. Why waste time applying for financing at the finance company or car lot when you can apply right now on the web?

This is particularly helpful for consumers who have poor credit, as a variety of dealerships and creditors will consider your credit, a number of of which specialize in subprime lending.

Auto Finance Rates in Altoona

These rates are only for informational purposes. They are not advertisements. Your precise rate of interest could vary considerably from the rates of interest listed here.

FICO Rating New Car Pre-owned Car
Excellent 3.2% 3.6%
Good 4.4% 4.8%
Average 6.3% 6.8%
Subprime 8.6% 9.9%
Bad 12.0% 13.8%
Very Bad 13.2% 15.1%

Do you know your FICO score? You ought to. You should check your score here online.

Used Auto Loans in Altoona

New cars are attractive, beyond doubt. That said, to put yourself in the best financial position, you might want to opt for a pre-owned car. The numbers speak on their own.

Age Price Rate Months Payment Interest Total
New $15,750 6.00% 60 $304.49 $2,519 $18,269
1 Year $12,600 7.50% 60 $252.48 $2,549 $15,149
2 Years $10,710 7.50% 60 $214.61 $2,166 $12,876
3 Years $9,104 7.50% 60 $182.42 $1,841 $10,945

After just 12 months of driving, the $15,750 new car is worth only $12,600, and only $9,104 after three years. Most of the time, you can finance a vehicle that’s up to ten years old. Mileage constraints may apply.

Poor Credit Auto Loans in Altoona

Is your FICO score in the mid to low 600s? A lot of people are afraid to check their FICO scores, because they don’t want to know. However, you really should keep an eye on your score. Although bad credit always results in a higher rate of interest, you can now request quotes from a range of loan creditors online.

If your credit is pretty rocky, you may be tempted by a car dealership that promotes buy here pay here financing. The APR rates are very high, and the cars and trucks are likely to be price over market value.

You will be happier with a car loan from a bank or loan provider. The rates will undoubtedly be cheaper, the terms considerably better, and you have the chance to strengthen your credit score at the same time.

Go here to apply online.

No Down Payment Car Loans in Altoona

The cash needed to finance a new car could be as much as the cost of a pre-owned one. No down payment car loans, like 0% financing deals, are usually available only to people who’ve got top notch credit. By applying online, you may maximize your odds of securing this sort of an offer, as dealerships can see your preferred down payment ahead of time. Just enter a zero in the down payment field, and the financing specialist will know what you need.

Altoona Resources

Credit Unions

Credit UnionStreet addressZipPhone
A.B.871 30th St16601(814) 944-4025
Altoona Area Employees908 Pleasant Valley Blvd16602(814) 942-5431
Altoona Postal Employee Credit Union1301 8th Ave16602(814) 946-3045
Altoona Regional Health System620 Howard Ave16601(814) 889-2670
Altoona Regional Health System2500 7th Ave16602(814) 889-4325
Altoona Regional Health System1414 9th Ave16602(814) 942-5496
Altoona V A Hospital Federal Credit UnionPleasant Valley Blvd16602(814) 946-0726
Altoona Va Hospital2907 Pleasant Valley Blvd #916602(814) 946-0726
Altoona Va Hospital2907 Pleasant Valley Blvd16602(814) 946-0726
American Pride1431 Valley View Blvd16602(814) 946-3045
Arc1919 7th Ave16602(814) 946-0857
Arc419 N 7th St16601(814) 296-2455
Blair County3001-15 6th Ave16602(814) 944-2821
Your Choice109 Keystone St16602(814) 946-1294
Your Choice Federal Credit Union3010 Maple Ave16601(814) 946-1293