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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


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[tboot_table strip=”yes” border=”yes” hover=”yes” cols=”Credit Union,Street address,Zip,Phone” data=”Florence Dupont Employees,1937 E Palmetto St,29506,(843) 656-0160,Health Facilities,501 S Irby St,29501,(843) 669-4041,Nucor Employees,PO Box 6469,29502,(843) 665-4668,Nucor Employees,1202 N Cashua Dr,29501,(843) 665-4668,Palmetto First,PO Box 3989,29502,(843) 669-5619,Palmetto First,1722 Gregg Ave,29501,(843) 669-5619,Palmetto First,108 Pamplico Hwy,29505,(843) 664-0935,Pee Dee,PO Box 1391,29503,(843) 669-0461,Pee Dee,305 W Pine St,29501,(843) 669-0461,Pee Dee Federal Credit Union,3320 W Palmetto St,29501,(843) 665-9490,S C I,P.O. BOX 3258,29502,(843) 669-3712,S C I,7311 Olde Mill Rd,29505,(843) 669-3712,S C I Federal Credit Union,Po Box 3258,29502,(843) 669-3712,S C Telco Federal Credit Union,1307 2nd Loop Rd,29505,(843) 665-6471,S C Telco Federal Credit Union,411 N Ebenezer Rd,29501,(843) 664-4249,S. C. State,1504 N Cashua Dr,29501,(843) 667-4990,S. C. Telco,2321 Trade Ct,29501,(843) 665-6471,Safe,1319 2nd Loop Rd,29505,(843) 661-5920,Safe Federal Credit Union,500 Pamplico Hwy,29505,(843) 661-5920,Sharonview,315 N Beltline Dr,29501,(843) 665-8483,Sixth Postal,P.O. BOX 5325,29502,(843) 669-1300,Sixth Postal,191 S Cashua Dr,29501,(843) 669-1300,Spc,134 W McIver Rd,29501,(843) 383-0090,Trinity Baptist Church,124 W Darlington St,29501,(843) 662-7015″][/tboot_table]