Looking For An Auto Loan In Lansing MI During June 2020?
Getting the best deal on car finance in Lansing MI can save you a significant amount of money over the life of your loan. That’s why you need a partner who knows how to get you approved for the car that you want at the lowest auto loan interest rate possible and without hassle.
There has never been a better time to get an auto loan than right now. Our network of lender partners provides quick and easy loan decisions for all credit situations. Our lender partners are making more loans, approving buyers with lower credit scores, offering lower monthly payments and making larger loans than ever before.
By working with us, you can get preapproved for a car loan before going to the dealership, so that you can negotiate as a cash buyer and get the best deal possible.
So, no matter what your credit situation, if you are looking for a quick, no-hassle auto loan at the best rate, just click the button below to get the process started. Our application form is simple and easy to use.
We Can Get You Financed Despite Any Special Circumstances
You need a new car and we are here to help you get it!
Your chances of obtaining vehicle financing are very good. Via our network of dealer and lender partners, we have many options available to get you financed. Difficult circumstances are our specialty and we have seen nearly every situation possible.
We have helped…
Car buyers get their first car
Car buyers with a past repossession
Car buyers with a past bankruptcy
Car buyers who are paid in cash
Car buyers who are self-employed
Car buyers who receive social security benefits
Car buyers who are on disability
Car buyers who are retired
Car buyers with no money to put down
Car buyers with a trade-in vehicle
Apply today and let us start helping you get that new car that you need!
Watch Our Video On Getting A Car Loan In Lansing MI
AllCreditCarLoans Follows A Simple 1-2-3 Car Loan Application Process
No need to wait for hours at your nearest dealership or submit tons of paperwork. No need to worry about your credit history. With AllCreditCarLoans, everything is as easy as 1-2-3.
- 1 - COMPLETE OUR ONLINE APPLICATION - This process only takes a few minutes to complete. Our one-page application is safe and secure, so you don’t have to worry about the safety of your information. Everything is done online. There are no fees or hidden charges. Applying is totally FREE.
- 2 - RECEIVE YOUR LOAN APPROVAL - Getting your credit approval is fast and easy. AllCreditCarLoans has an extensive lending network, so the loan approval process is fast and efficient. You don’t have to wait for days, weeks or months. Many applicants receive loan approval on the same day they apply.
- 3 - PURCHASE YOUR VEHICLE - With our easy as 1-2-3 process, you can purchase your vehicle on the same day your loan is approved. You just visit your favorite auto dealership and negotiate like a cash buyer.
Your Auto Financing Options
Your credit history and where you are buying your car from will determine the kind of auto loan you need.
Whether you are buying a new or used car from a dealer; you need a program designed to help you get a vehicle loan despite credit challenges; or you are looking to refinance your existing loan - we can help.
We provide a variety of car financing options to suit your needs and credit situation:
- Lansing MI New Car Loans
- Lansing MI Used Car Loans
- Lansing MI Auto Refinance Loans
- Lansing MI Good and Fair Credit Car Loans
- Lansing MI Bad, Poor and Horrible Credit Auto Loans
Our loan programs are tailored to your exact needs and budget and are designed to meet or exceed the features of national auto finance companies like Capital One Auto Finance, Carmax Used Cars, USAA Auto Loans, Chase Auto Loans, Wells Fargo Auto Loans, Bank of America Car Loans, Navy Federal Car Loans, AAA Auto Loans, Key Bank Auto Loans, PNC Car Loans, Bankrate Auto Loans, US Bank Auto Loans, TD Bank Car Loans and State Farm Auto Loans.
We've provided car loans for first-time buyers, car financing for college students and we are proud to have arranged military and veteran auto financing for service members and their spouses. We've even been able to help foreign nationals and others who do not qualify for a social security number to obtain an auto loan with their ITIN number.
We also specialize in sub-prime auto financing including financing a car after bankruptcy and helping borrowers to obtain a car loan after repossession.
If you are looking for a car title loan or the best place to refinance your car, we have programs that can help you as well.
AllCreditCarLoans works with the best buy here pay here car lots near you, bad credit auto dealers, second chance auto dealers and other car loan lenders to provide the best auto rates.
You are never alone in this process. Our reliable lender partners will guide you every step of the way -- from the time you begin processing your application, all the way to the day when you drive home your new car. Click the button below to let us get started helping you today!
Auto Loan Calculator For Lansing MI
Use our car payment calculator to determine how much you can spend when refinancing or financing your next car. You can run different scenarios by varying the "down payment" and "number of months" fields in order to arrive at your desired payment.
Your total car expenses should be no more than 20% of your take-home pay.
What To Know Before You Apply For An Auto Loan
Car Loan Credit Score
Credit scores give lenders an idea of how you manage your finances. These scores are essential in helping you plan your finances well. Likewise, credit scores can be testaments of how well you make decisions, as well as how healthy your spending habits are. Credit scores can help determine whether you pay your bills on-time, if you use your credit cards wisely, and how well you manage your loans.
The higher your credit score, the lower the interest rate you will likely be asked to pay.
Therefore, if you have multiple loans that are unpaid; if your credit cards have been maxed out and several of your bills remain unpaid, you earn a low credit score. While it does not define the kind of person that you are, your score can indicate an unhealthy financial habit, which can make you appear "too risky" and turn away lenders.
A lot of lenders do not offer auto finance loans to applicants who have a low credit score because they do not want to encounter problems when collecting payments. Some lenders accept borrowers with low scores, but they often charge higher interest rates for the loans they make. This is because they want to lessen the risks that your low credit score represents.
But AllCreditCarLoans is different. We work with leading car finance lenders and auto dealers to help you find the best auto loan terms for your credit situation. Fill out our quick and easy one-page application to let us get you financed today.
Car Loan Interest Rates
The interest rate you’ll receive depends upon your credit history, your income, the length of the loan and the vehicle you choose.
Soft vs. Hard Credit Pull
Your auto lender may do a "soft" credit pull in order to pre-qualify you for a car loan. A "soft" credit pull doesn’t subtract from your credit score the same way a "hard" pull does, but it also doesn’t guarantee you’ll be approved for a loan or that you'll get the exact rate you’ve been quoted. A "hard" credit pull will be required before the loan terms are finalized.
If you are applying with multiple lenders in order to shop the best interest rates, it makes sense to complete all your loan applications within a short time-frame. The credit reporting agencies tend to count multiple hard inquiries made within a short period as only one inquiry.
It's a good idea to know your credit score before you apply for your loan. If you are unsure what your credit score is, you can always use this service to find your credit score.
If your credit score could use improvement, you can work with a credit repair vendor to improve your credit score.
Car Loan Terms
While it is possible to find a lender who will finance a vehicle for up to 84 months, we don't recommend stretching out payments any longer than you need. It’s best to pay off a car loan as quickly as you can since cars depreciate rapidly. The longer the loan term, the more probable that at some point you will end up owing more on the loan than the car is worth. Being underwater or upside-down on a loan is a risky financial situation. The best interest rates are available for shorter loan terms. We recommend keeping your loan term to 3 years for used cars and up to 5 years for new cars.
Auto Loan Restrictions
Some lenders only work within a specific network of auto dealerships. This could limit your choice of vehicles to a handful of auto makes, models and vehicle types.
Some lenders will only work with car dealers so you won't be able to use them to buy a car from a private seller.
Steps To Get A Car Loan
Shopping for a vehicle has never been easier. Our vast network of lending partners and streamlined process makes getting a loan quick and easy.
1 - Budget For Your Car Purchase
The first step in obtaining financing is to figure out how much you can afford to spend.
If you have a vehicle to trade-in, you should determine its value so that you can factor that into your budget. A good resource for determining your autos market value is Kelley Blue Book.
Next, you'll want to consider how much money you have to use for a down-payment. The more money you put down, the lower your monthly payment will be. If you need an auto loan with no down payment, don't worry. We can still help you.
Finally, use our car loan calculator to estimate your monthly payment. You can vary the interest rate and loan term to see how that affects the potential monthly payment.
2 - Choose Whether You Want A New Or Used Auto
If you've chosen to buy a new car, you will most likely be purchasing the vehicle from a car dealership. In order to get the best deal on new car financing, follow our new car recommendations.
If you are looking to get the most value for your dollar, you will likely be better off financing a used car. For the best results, follow our used car recommendations.
3 - Apply For Your Car Loan
Click the button below and fill out our quick and easy application form to get started right away!
New Bad Credit Auto Loans
Auto loans for new car buyers with bad credit are not a very common type of vehicle financing. Beyond the traditional option of getting approved through a dealership that works with bad credit buyers, many consumers have found that they can save money and gain negotiating leverage by arranging their car financing in advance.
Most new vehicle dealerships are able to apply rebates and incentives to reduce the need for money down. If you have negative equity in a vehicle that you're trading in, you may have to provide money down to cover the negative equity so that it's not carried over into your new loan. While buying a new car with bad credit isn't so common, there are many manufacturers that offer lower-priced new autos with attractive financing incentives to make buying easier for people with lower credit scores.
Let us help you get preapproved for that new bad credit car loan and you will become a cash buyer. This saves you time at the dealership and gives you the power to negotiate your best deal on any vehicle you choose. Apply for a new auto loan in Lansing MI and see how much we can save you.
Used Vehicle Loans
A used vehicle loan is our most commonly requested loan. By letting us help pre-arrange your funding source, you know that you'll have the power to negotiate the best deal. Apply for a used auto loan and see what type of rate & term you can get from our participating lenders.
Buying a used auto will typically provide the best value. That's because the prior owners have already absorbed the biggest portion of the car's depreciation and you may have the option to buy directly from a private seller, thus saving dealer fees. We can help you with an auto loan to buy from a private seller.
If you choose to purchase a used auto, you can click here to view used cars near you in Lansing MI.
Shopping For The Best Vehicle Loan Rates In Lansing MI?
Whether you are looking for the best interest rate for a new or used car, or you want to refinance a vehicle loan, we can help.
With a lower interest rate, you'll save money and pay off your auto loan faster. The single most important thing you can do to save money on a vehicle loan is to shop for the best interest rate before you set foot in a dealership. By knowing what kind of rate you qualify for before you try to buy a car, you accomplish three things:
- You can focus your negotiations with the dealer on the vehicle price rather than on financing terms
- You won't end up getting a higher cost loan than you want
- You'll know what range of car payments you can qualify for
Use our car loan calculator to determine what range of payments you can expect. You can enter your balance, term, and interest rate to calculate what the payment will be. You can compare different scenarios to see how much more you can save by increasing your down payment.
Average Vehicle Payment Interest Rates You Can Expect
|Credit Score Range||Average APR for a New Car||Average APR for a Used Car|
|781 - 850||3.68%||4.34%|
|661 - 780||4.56%||5.97%|
|601 - 660||7.52%||10.34%|
|501 - 600||11.89%||16.14%|
|300 - 500||14.41%||19.98%|
Why Getting Preapproved For An Auto Loan Is Important
Having a preapproved car loan streamlines the buying process because you become a cash buyer and you can bypass the usual salesman's tactic of negotiating based on monthly payment. The problem with negotiating based on the monthly payment amount is that you can easily lose sight of the total cost and end up paying more in the long run.
As you negotiate your best deal, be sure to leave enough money to cover the sales tax and any additional fees. This way your total "out the door" cost does not exceed the maximum amount of your preapproved auto loan.
While you are at one of the auto dealers near you, the finance manager may try to beat the interest rate of your preapproved loan. Before accepting the dealer's replacement loan, make sure that the interest rate is lower, all of the other terms are comparable, and the final total price is less. It's good to be cautious because there is always a risk that the finance manager could juggle the numbers in the dealership's favor and you could end up spending more money than you would with your preapproved car loan.
How Does Getting Preapproved For A Car Loan Work?
Car dealers usually offer auto financing through their preferred lenders, typically at a higher loan rate than available elsewhere. Getting preapproved directly with one of our lending partners helps you to negotiate the best auto loan rate before you even get to the dealership so that you can save money in the long run.
When you start your car buying process at a dealership, the salesmen will focus on the monthly payment, which makes it easier to forget about the actual price of the car. But when you show up with a preapproved auto loan, negotiations can be based on the price of the car instead.
How To Get Pre-Qualified For An Auto Loan
When you’re applying with us, the application process is simple and quick. You should have the following information on-hand:
- Driver’s license and Social Security number
- Proof of income
- Employment verification
This information helps our lending partners to get a clear picture of your financial status, making it easier to secure the best auto loan rates for your credit situation.
About Lansing MI
Lansing /ˈlænsɪŋ/ is the capital of the U.S. state of Michigan. It is mostly in Ingham County, although portions of the city extend west into Eaton County and north into Clinton County. The 2010 Census placed the city’s population at 114,297, making it the fifth largest city in Michigan. The population of its Metropolitan Statistical Area (MSA) was 464,036, while the even larger Combined Statistical Area (CSA) population, which includes Shiawassee County, was 534,684. It was named the new state capital of Michigan in 1847, ten years after Michigan became a state.
Lansing is the centerpiece of a region of Michigan known as Mid-Michigan or Central Michigan.
According to the United States Census Bureau, the city has a total area of 36.68 square miles (95.00 km), of which 36.05 square miles (93.37 km) is land and 0.63 square miles (1.63 km) is water. This figure includes two 425 Agreements with Alaiedon Township and Meridian Township, and the four 425 Agreements with Delta Township since 2000.
Since the 2010 Census, the city has entered into two additional 425 Agreements. The first agreement consisted of the temporary transfer of 1,888.2 acres of Lansing Capital Region International Airport to the city from DeWitt Township in 2011. The second agreement consisted of the temporary transfer of 41 acres (17 ha) in Alaiedon Township for the expansion of the headquarters of Jackson National Life Insurance Company in 2013 bringing the area either fully or conditionally under control of the city to 39.69 square miles (102.80 km).
Under Michigan law, 425 Agreements are only temporary land sharing agreements, and do not count as official annexations. The Census Bureau, however, for statistical purposes does count these as annexations. Not counting the temporary 425 Agreements, Lansing administers 34.1 square miles (88 km) total.
Lansing is located in the south-central part of the Lower Peninsula of Michigan, where the Grand River meets the Red Cedar River. The city occupies most of what had formerly been part of Lansing Charter Township. It has also annexed adjacent tracts of land in Delta Charter Township and Windsor Township in Eaton County to the west, Delhi Charter Township in Ingham County to the south, and in DeWitt Charter Township in Clinton County to the north. The city also controls three non-contiguous tracts of land through 425 Agreements (conditional land transfer agreements) with Meridian Charter Township, Delta Charter Township, and Alaiedon Township in Ingham County to the southeast.
Lansing elevations range between 890 feet (271 m) above sea level on the far south side of Lansing along Northrup Street near the Cedar Street intersection, to 833 feet (254 m) to 805.5 feet (246 m) above sea level along the Grand River.
The Grand River, the largest river in Michigan, flows through downtown Lansing, and the Red Cedar River, a tributary of the Grand, flows through the campus of Michigan State University to its confluence with the Grand in Lansing. Sycamore Creek, a tributary of the Red Cedar, flows northward through the southeastern part of the city. There are two lakes in the area, Park Lake and Lake Lansing, both northeast of the city. Lake Lansing is approximately 500 acres (2.0 km) in size and is a summer favorite for swimmers, boaters, and fishermen. Michigan State University Sailing Club and the Lansing Sailing Club are located on Lake Lansing, where sailing regattas are hosted throughout the summer.
The City of Lansing operates a total of 3.55 square miles (9.2 km) of parkland, of which 2.80 square miles (7.3 km) is parkland, 0.43 square miles (1.1 km) are golflands, and 0.31 square miles (0.80 km) are cemetery lands. However, this figure includes the Waverly Hills Golf Course and adjacent Michigan Avenue Park, whose 0.18 square miles (0.47 km) are located within neighboring Lansing Township, but operated by the City of Lansing, and does not include the 0.18 square miles (0.47 km) of the combined Hawk Island County Park and adjacent Soldan Dog Park operated by Ingham County within the city of Lansing. All together then, 3.55 square miles (9.2 km) of the city (or approximately 10%) is publicly administered open space.
As of the census of 2010, there were 114,297 people, 48,450 households, and 26,234 families residing in the city. The population density was 3,174.9 per square mile (1,226.3/km). There were 54,181 housing units at an average density of 1,505.0 per square mile (581.3/km). The racial makeup of the city was 61.2% White (55.5% Non-Hispanic White), 23.7% African American, 0.8% Native American, 3.7% Asian, 0.04% Pacific Islander, 4.3% from other races, and 6.2% from two or more races. Hispanic or Latino of any race were 12.5% of the population. Foreign-born residents made up 8.3% of the population.
The median age in the city was 32.2 years. 24.2% of residents were under the age of 18; 12.3% were between the ages of 18 and 24; 30.2% were from 25 to 44; 23.8% were from 45 to 64; and 9.7% were 65 years of age or older. The gender makeup of the city was 48.4% male and 51.6% female.
As of the census of 2000, there were 119,128 people, 49,505 households, and 28,366 families residing in the city. The population density was 3,399.0 per square mile (1,312.3/km²). There were 53,159 housing units at an average density of 1,516.8/sq mi (585.6/km²). The racial makeup of the city was 65.28% White (61.4% non-Hispanic White), 21.91% African American, 0.80% Native American, 2.83% Asian, 0.05% Pacific Islander, 4.54% from other races, and 4.60% from two or more races. Hispanic or Latino of any race were 10.0% of the population. The city’s foreign-born population stood at 5.9%.
As of 2000, the city’s population rose by 32,293 (27%) to 151,421 during the day due to the influx of workers.
There were 49,505 households out of which 30.0% had children under the age of 18 living with them, 35.8% were married couples living together, 17.0% had a female householder with no husband present, and 42.7% were non-families. 33.2% of all households were made up of individuals and 8.1% had someone living alone who was 65 years of age or older. The average household size was 2.39 and the average family size was 3.08.
In the city, the population was spread out with 26.8% under the age of 18, 11.4% from 18 to 24, 32.7% from 25 to 44, 19.3% from 45 to 64, and 9.7% who were 65 years of age or older. The median age was 31 years. For every 100 females, there were 92.3 males. For every 100 females age 18 and over, there were 87.9 males.
The median income for a household in the city was $34,833, and the median income for a family was $41,283. Males had a median income of $32,648 versus $27,051 for females. The per capita income for the city was $17,924. About 13.2% of families and 16.9% of the population were below the poverty line, including 23.2% of those under age 18 and 9.0% of those age 65 or over.
The Brookings Institution has ranked Greater Lansing among the top 10 “medium-sized metropolitan areas” in the United States for refugee resettlement, with 5,369 refugees resettled from 1983 to 2004. St. Vincent Catholic Charities and Lutheran Social Services handle the adult and unaccompanied minor resettlement processes, respectively, while other organizations, such as the Refugee Development Center, focus on providing educational and social support services to refugees in the Lansing area. Nearby Michigan State University provides a source of volunteers for many of these programs.
As of 2005, the Lansing area has about 2,000 Arab Americans, mostly second generation Christian Lebanese Americans as well as some Palestinian Americans.
The city is also home to a large number of temporary foreign residents enrolled as international students at Lansing Community College and nearby Michigan State University, with the city’s visitors bureau specifically promoting Mandarin-language video tours of Lansing, touting the “more than 6,000” Chinese students enrolled at MSU. The Lansing School District offers language immersion programs for its students in both Spanish and Chinese.
Zip Code Map
For more information, see Lansing Michigan wiki