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Hoping to get a car financed in Green Bay? Ordinarily, the lender keeps a lien on the vehicle until the loan is fully repaid. You’ll be required to carry comprehensive insurance until the lien is released, to make sure that you’ll have enough money to pay off the vehicle in case the car gets wrecked. We make it possible to obtain financing online, at a cost-effective rate, no matter your credit history. This is especially beneficial for consumers with below-average credit, as a selection of dealers will consider your application, a good number of of which specialize in bad credit lending scenarios.

Car Loan Rates in Green Bay

Below we have rates of interest estimated at different credit levels. These aren’t to be viewed as advertisements. Your actual rate will be determined by several variables, which includes lender, down payment, monthly income, loan-to-value ratio, etc.

FICO Rating New Car Pre-owned Car
Excellent 3.3% 3.4%
Good 4.7% 4.8%
Average 6.7% 7.0%
Subprime 9.8% 10.4%
Bad 14.7% 16.2%
Very Bad 14.8% 17.8%

You ought to know your credit score before submitting an application for financing. You will find all kinds of ways to check your credit. Here’s one of the best to do so: link.

Used Car Loans in Green Bay

Generally, it is a little more expensive to finance a pre-owned vehicle, at least in terms of the interest. Steeper rates of interest for pre-owned cars, however, are countered by more affordable down payments, monthly installments, and premiums. Check out the comparison below, which depicts the costs associated with auto loans for brand new versus pre-owned vehicles.

Years Old Price APR Months Payment Interest Total Cost
New $15,400 6.00% 60 $297.73 $2,464 $17,864
1 Year $12,320 7.50% 60 $246.87 $2,492 $14,812
2 Years $10,472 7.50% 60 $209.84 $2,118 $12,590
3 Years $8,901 7.50% 60 $178.36 $1,801 $10,702

As you can see, the car financed new for $15,400 is worth only $8,901 after 36 months. Most finance companies will allow you to finance a pre-owned vehicle up to 10 years old, sometimes a little less, and some cap the mileage at 100K miles.

Bad Credit Auto Loans in Green Bay

Poor credit will make it difficult to finance a car, but it isn’t out of the question. Some of us are hesitant to check our FICO scores, as we’re afraid of how bad they may be. The thing is, though, this can be detrimental. Years ago, you might be turned away at several banks or dealers before you secured financing.

Buy here pay heredealerships are a second option. While you might not have trouble getting financed, you will be charged a lot for the opportunity. Typically, it’s safer to deal with a local bank, credit union, or loan provider. The down payments are more affordable, the same as the rates, and the service tends to be noticeably better.

Best of all, you can submit your application online.

Reducing Your Annual Percentage Rate

Are you worried that your interest rate is going to be too high? Repairing any credit report mistakes can raise your credit score drastically. Fortunately, you can check your credit annually, free of charge, at AnnualCreditReport.com.

Fixing any discrepancies–a straight-forward process–could lead to major advances in your credit score. Offering an increased down payment or the addition of a cosigner who’s got a good credit rating can also lower your annual percentage rate.

Can a Car Loan Improve Your Credit?

A car loan can be a good method of raising your credit score, but you have to ensure that you make your payments on time. There isn’t any instant surge in your FICO score. Rather, it should increase slowly but surely as time goes on. It isn’t possible to determine exactly how much you credit score will go up, since it will depend on several factors, but the increase is typically significant.

Green Bay Resources

Credit Unions

Credit UnionLocationZip CodeTelephone
Brown County Employees512 E Walnut St54301(920) 448-4182
Fox Communities2740 W Mason St Rm SC137 (NWTC)54303(920) 491-2472
Fox Communities2170 S Ashland Ave54304(920) 490-2900
Fox Communities1313 Main St54302(920) 490-2900
Fox Communities2639 Lineville Rd54313(920) 490-2900
G B C IP.O. BOX 1903354307(920) 436-3299
HarborPO BOX 2243054305(920) 431-6688
Harbor2200 Velp Ave54303(920) 431-6688
Harbor2521 Steffens Ct54311(920) 431-6688
Harbor3251 S Ridge Rd54304(920) 431-6688
Harbor800 Weise St54302(920) 431-6688
Horizon CommunityP. O. BOX 67054305(920) 433-0122
Horizon Community3139 Voyager Dr54311(920) 433-0122
Horizon Community700 Eastman Ave54302(920) 433-0999
Northern Paper Mills900 N Jackson St54302(920) 432-4533
P. C. M. EmployeesP.O. Box 2850054324(920) 499-2831
P. C. M. Employees781 Willard Dr54304(920) 499-2831
PioneerPO Box 252654306(920) 494-2828
Pioneer406 Cardinal Ln54313(920) 494-2828
Pioneer201 W St Joseph St54301(920) 494-2828
Pioneer1651 Main St54302(920) 494-2828
Pioneer825 Morris Ave54304(920) 494-2828
Pioneer1065 Velp Ave54303(920) 494-2828
Pioneer911 S Huron Rd54311(920) 494-2828
Pioneer921 S Taylor St54303(920) 494-2828
Pioneer2316 Lineville Rd54313(920) 494-2828
Police303 S Jefferson St54301(920) 435-1377
Schneider Community2655 Holmgren Way54304(920) 499-4711
Service600 N Adams St54301(920) 433-1784
Sunrise505 Clinton St54303(920) 436-7744
University Of Wisconsin201 University Union54311(608) 232-9000
Wisconsin Medical2221 S Webster Ave54301(920) 432-4353