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In today’s world, it’s very difficult to purchase a new car or truck if you don’t qualify for a loan or lease. Unfortunately, arranging such a loan can be a mind-numbing process, which could take days, if not weeks. Why would you wait to apply at the bank or dealer when you can apply right here through our site? It’s so much easier to have a local Tacoma finance specialist lead you through the approval process. On top of that, it takes just two minutes to apply.

Car Loan Rates in Tacoma

Wondering about the interest rate you will be charged? In reality, your rate of interest differs widely based on your credit score, not to mention other variables. The rates displayed below are only for informational purposes. These are not advertisements, and your actual rate could be very different.

FICO Score New Car Used Car
Excellent 3.5% 3.7%
Good 4.9% 5.6%
Average 6.7% 7.2%
Subprime 9.7% 8.5%
Bad 14.2% 17.5%
Very Bad 15.9% NA

Used Car Loans in Tacoma

In general, it costs a bit more to finance a used car, at least when it comes to interest. However, used cars and trucks are cheaper over the long haul, and they don’t depreciate as fast. Take a look at the table below.

Age Price Rate Months Payment Interest Total
New $19,200 6.00% 60 $371.19 $3,071 $22,271
1 Year $15,360 7.50% 60 $307.78 $3,107 $18,467
2 Years $13,056 7.50% 60 $261.62 $2,641 $15,697
3 Years $11,098 7.50% 60 $222.37 $2,245 $13,342

As you can see, the car financed new for $19,200 won’t be worth but $11,098 after 36 months. Most lenders will allow you to finance a pre-owned car up to a decade old, sometimes a little less, and some have a mileage cap of 100,000 miles.

Poor Credit Auto Loans in Tacoma

Your credit score is critical when financing a car. Fundamentally, your FICO score is used to calculate risk. Fortunately, the internet has made it less difficult for the bad credit consumer.

If at all possible, you should avoid turning to a no credit check dealership. These buy here pay here dealerships are infamous for aggressive sales tactics. The rates are very high, and the cars and trucks are always preowned, sometimes with more than 100,000 miles.

Instead, you’re better off if you look for your loan on the web. The down payments are cheaper, as well as the interest rates, and the service is much superior.

Contact an auto finance professional in your area today.

Tacoma Credit Restoration

Although your rate will be based on your credit rating, there are things that you can do to make your auto loan more affordable. Is your credit report marred by any inaccuracies? These can harm your credit score quite significantly. Fortunately, it’s free to check your credit report annually at You can contest any discrepancies on your own, or get a credit repair company to write the dispute letters for you. Furthermore, cosigners, down payments, and faster repayment terms all add up to lower rates of interest.

No Money Down Cars in Tacoma

More often than not, you’ll still need some substantial cash to get the car you want, as a down payment of 10-20% is normally a requirement. Ordinarily, there are a couple of prerequisites for no down payment financing:

  • The car is new.
  • The shopper has an outstanding FICO score.

By applying online, it’s possible to improve your chances of securing this kind of a deal, as dealerships are able to see your down payment upfront. Just leave a zero in the down payment field, and the financing consultant will understand.

Tacoma Resources

Credit Unions

Credit UnionStreet addressZipPhone
Americas Credit Union A1917 S 72nd St98408(253) 964-3113
American Lake9900 Veterans Dr SW98433(253) 584-0079
American Lake5146 Camp Muarray98430(253) 582-3831
Boeing Employees2637 N Pearl St98407(800) 233-2328
Community 1St4702 S Pine St98409(253) 473-3005
HarborstonePO Box 420798438(253) 584-2260
Harborstone4720 Center St98409(253) 584-2260
Harborstone7220 Tacoma Mall Blvd98409(253) 584-2260
Harborstone Credit Union4210 20th St E98424(253) 584-2260
IBEW 76 Federal Credit Union3049 S 36th St98409(253) 475-6661
Kbr803 E Portland Ave98421(253) 596-0154
Puget Sound Cooperative3130 S 38th St98409(253) 476-6435
Qualstar4027 Tacoma Mall Blvd98409(800) 848-0018
SoundPO Box 159598401(253) 383-2016
Sound1802 N Pearl St98406(253) 383-2016
Sound9911 Pacific Ave98444(253) 383-2016
Sound3633 Pacific Ave98418(253) 383-2016
Sound1331 Broadway98402(253) 383-2016
Sound Credit Union2806 E Portland Ave98404(253) 572-3351
Tacoma Longshoremen3602 E Alexander Ave98424(253) 272-0240
Tacoma Narrows5319 N 51st St98407(253) 759-3244
Tapco6312 19th St W98466(253) 565-9895
Tapco933 Tacoma Ave S98405(253) 565-9895
Tapco2802 6th Ave98406(253) 565-9895
Twinstar13505 Pacific Ave S98444(360) 357-9911
Washingtons Credit Union2716 South Centre Street98402(253) 272-4996