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Hoping to get a car financed in La Crosse? Whether your loan gets funded or not will depend on a range of factors, which include your credit score, monthly income, location, job security, cash or trade, and loan to value ratio. We make it possible to secure financing online, at an affordable rate, even when your credit isn’t ideal. Finance companies and dealerships will vie for your business in real time, putting you behind the wheel of the financing process.

Car Loan Rates in La Crosse

What will your APR be? Truth be told, your rate of interest differs widely based on your credit, plus a number of other factors. The rates displayed below are only for informational purposes. They aren’t advertisements, and your exact rate will vary.

FICO Score 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%

Knowing your credit rating can prevent you from being overcharged. You should check your score here online.

Used Car Loans in La Crosse

You will find that lenders charge slightly more expensive rates for used vehicles. Nevertheless, financing a used car is a better value, considering that the overall cost will be significantly less. You can finance a low-mileage pre-owned car or truck for a small fraction of what it costs to finance a new one.

Years Old Price Rate Months Payment Interest Total
New $20,600 6.00% 60 $398.26 $3,295 $23,895
1 Year $16,480 7.50% 60 $330.23 $3,334 $19,814
2 Years $14,008 7.50% 60 $280.69 $2,833 $16,841
3 Years $11,907 7.50% 60 $238.59 $2,408 $14,315

The moment it leaves the dealership, a new car loses up to one quarter of its value, and it keeps depreciating year after year. A car or truck that cost $20,600 when new will only be worth $11,907 after three years of ownership. Finance companies charge higher rates of interest for pre-owned vehicles, but in many cases, you only need 10% down, and the insurance costs are cheaper.

Poor Credit Car Loans in La Crosse

Are you struggling with a credit rating of less than 620? When determining your interest rate, loan providers review your history of payments on past auto loans and leases. Before the net, you didn’t have much option but to agree to whatever rate of interest and terms you were given. Today, there are better ways to get financed.

It is best to avoid turning to a no credit check car lot. These buy here pay here dealerships are notorious for consumer abuses. While you should have no problem with respect to approval, you’ll pay a king’s ransom for the privilege. If at all possible, you want to get your loan through one of the following loan providers:

  • Regional or local bank.
  • Credit union you can join.
  • Automobile finance company.

A dealership or finance expert will help you get financed through one of these lenders. The rates will be cheaper, the terms significantly better, and you have the opportunity to re-establish your credit along the way.

Best of all, you can submit your application online.

Zero Down Car Loans in La Crosse

The down payment you need to finance a new car can be as much if not more than the cost of a used vehicle. The truth is, getting a car loan with no down payment is sometimes hopeless. Lack of a down payment increases your interest rate. For people with top notch credit, this isn’t so much a concern, as your rate won’t go up all that much. If you’ve got bad credit, on the other hand, your rate could really increase. You are better off saving for a down payment or trading your existing vehicle for equity.

La Crosse Resources

Credit Unions

Credit UnionStreet addressZip CodePhone
Advantage Credit Union600 3rd St N #20054601(608) 782-4062
Advantage Credit Union929 State St54601(608) 784-7329
Altra2715 Losey Blvd S54601(608) 787-4500
Altra28 Copeland Ave54603(608) 787-4500
Altra Federal Credit Union1801 Losey Blvd S54601(608) 788-4848
CommunityPO Box 3954602(608) 779-2400
Community3130 South Ave54601(608) 779-2400
Community311 Main St54601(608) 779-2400
Dairyland Power3200 East Ave S54601(608) 787-1283
Firefighters525 5th Ave S54601(608) 784-9480
Franciscan Skemp605 West Avenue S54601(608) 785-0377
Franciscan Skemp Credit Union700 West Avenue S54601(608) 785-0377
Governmental Employees225 La Crosse St54601(608) 785-7720
Gundersen Lutheran Credit Union1900 South Ave54601(608) 775-4715
La Crosse Area PostalPO BOX 1354602(608) 784-2499
La Crosse Area Postal425 State St54601(608) 784-2499
La Crosse-Burlington1735 Credit Union Ct54603(608) 781-5040
Marine1500 Ranger Dr54603(608) 783-4321
Marine127 West Avenue N54601(608) 784-7329
Postal Credit Union425 State Street Rm 22654601(608) 784-2499
River City CommunityPO BOX 308854602(608) 782-5050
River City Community1009 4th St S54601(608) 782-5050
Xcel Energy Employees Credit Union3215 Commerce St54603(608) 789-3671