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Auto loans give you the ability to acquire a new vehicle, even if you haven’t got the required cash. A lot of the time, financing is arranged on the lot, but this can be a very long-drawn-out process. Instead of driving from lender to lender, applying for financing, you can apply now through our site. There are specialists in your area, determined to help you finance the car you want at an inexpensive rate.

Car Loan Rates in Florence

What will your APR be? In fact, your annual percentage rate varies hugely based on your FICO score, plus other factors. The rates displayed below are only for informational purposes. They aren’t advertisements, and your precise rate could be very different.

FICO Rating New Car Pre-owned Car
Excellent 3.0% 3.3%
Good 4.2% 4.5%
Average 6.3% 7.1%
Subprime 9.4% 10.7%
Bad 14.7% 15.5%
Very Bad 15.8% 16.4%

Used Car Loans in Florence

You will find that companies charge slightly more expensive interest rates for second hand vehicles. Nonetheless, a pre-owned auto loan has loads of advantages:

  • Smaller down payment needed.
  • Cheaper sticker price.
  • Less risk of negative equity.

The numbers speak on their own.

Age Price APR Months Payment Interest Total
New $31,000 6.00% 60 $599.32 $4,959 $35,959
1 Year $24,800 7.50% 60 $496.94 $5,016 $29,816
2 Years $21,080 7.50% 60 $422.40 $4,264 $25,344
3 Years $17,918 7.50% 60 $359.04 $3,624 $21,542

Interested in a used car? Most lenders will help you finance a used vehicle up to eight years old, and some have a mileage cap of 100,000 miles.

Bad Credit Car Loans in Florence

A bad credit score makes it challenging to finance a car, but it isn’t hopeless. There’s nothing more humiliating than having your credit declined at the dealership. In decades past, loan companies were rare who would finance those with bad credit. Now many loan providers, and also some banks, have special finance units.

Of course, you’ve got to be watch out for predatory practices. This is especially the case if you work with a buy here pay here dealership. With no credit check comes at a price: excessive interest rates, loads of stipulations, and a limited selection of vehicles. In most cases, it’s safer to deal with a regular old bank, credit union, or loan company. The rates are typically cheaper, the terms significantly better, and you have the ability to increase your credit score in the process.

Contact an auto finance professional in your area today.

Florence Credit Improvement

Although your rate of interest will be driven by your credit ratings, there are things that can be done to make your auto loan more affordable. Is your credit report marked by any discrepancies? These can damage your credit score more than you might realize. Fortunately, you can check your credit annually, for free, at

You can contest any errors yourself, or get a credit repair company to manage the dispute for you. Furnishing an increased down payment or adding a cosigner who’s got solid credit could also reduce your interest rate.

Zero Down Cars in Florence

Are you hoping to buy your next vehicle in Florence without a down payment? In the vast majority of cases, there are a couple of prerequisites for a zero down auto loan:

  • The car or truck is new.
  • The consumer has an exceptional credit score.

By applying online, it’s possible to boost your chances of securing such a package. Loan companies and dealerships can see your down payment in advance. Just insert 0 where it asks down payment, and the finance specialist will know what you need.

Florence Resources

Credit Unions

Credit UnionStreet addressZipPhone
Florence Dupont Employees1937 E Palmetto St29506(843) 656-0160
Health Facilities501 S Irby St29501(843) 669-4041
Nucor EmployeesPO Box 646929502(843) 665-4668
Nucor Employees1202 N Cashua Dr29501(843) 665-4668
Palmetto FirstPO Box 398929502(843) 669-5619
Palmetto First1722 Gregg Ave29501(843) 669-5619
Palmetto First108 Pamplico Hwy29505(843) 664-0935
Pee DeePO Box 139129503(843) 669-0461
Pee Dee305 W Pine St29501(843) 669-0461
Pee Dee Federal Credit Union3320 W Palmetto St29501(843) 665-9490
S C IP.O. BOX 325829502(843) 669-3712
S C I7311 Olde Mill Rd29505(843) 669-3712
S C I Federal Credit UnionPo Box 325829502(843) 669-3712
S C Telco Federal Credit Union1307 2nd Loop Rd29505(843) 665-6471
S C Telco Federal Credit Union411 N Ebenezer Rd29501(843) 664-4249
S. C. State1504 N Cashua Dr29501(843) 667-4990
S. C. Telco2321 Trade Ct29501(843) 665-6471
Safe1319 2nd Loop Rd29505(843) 661-5920
Safe Federal Credit Union500 Pamplico Hwy29505(843) 661-5920
Sharonview315 N Beltline Dr29501(843) 665-8483
Sixth PostalP.O. BOX 532529502(843) 669-1300
Sixth Postal191 S Cashua Dr29501(843) 669-1300
Spc134 W McIver Rd29501(843) 383-0090
Trinity Baptist Church124 W Darlington St29501(843) 662-7015