Compare Interest Rates for Car Loans in Columbus, OH

Compare up to four Ohio lenders in minutes with myAutoloan! We want to help you find the best car loan rate for you, whether you're buying a car from a local Columbus dealership or hoping to refinance an existing loan. Apply and see today's lowest rates!

Three things to know…

Today's Interest Rates

  • Check out today's lowest rates for all loan types.

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Your Estimated Rate

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Your Payment

  • Now that you know your interest rate, see how much you could afford.

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More Information

How Are Car Loan Rates in Columbus, OH Calculated?

Various factors influence your Ohio auto loan rate, including your income, your credits core, the loan amount, the age of the car, the down payment, and your loan's term (the length of the loan). A high debt-to-income ratio, low credit score, or purchasing an older car from a dealer in Columbus could result in a higher interest rate. But is a high interest rate so bad? The higher your interest rate, the higher your monthly bill is and the more you spend over your loan’s term. Even a rate one or two percent higher could mean spending hundreds more overall.

Can I Lower My Car Loan Rate in Columbus, OH?

Using tools like our Interest Rate Estimator can help you get an idea of what your rate might be before you start applying for auto loans in Columbus, OH. If you've put in your information and aren't liking the percentage you see, how can you lower?

The loan term is one aspect you can change on your own. Most car loans in Columbus have terms in 12-month intervals ranging from 24 months (2 years) to 84 months (7 years). Longer terms attract many borrowers because they typically have a lower monthly payment. However, a longer term also tends to come with a higher interest rate. If your budget allows for a higher monthly payment, choosing a shorter term is a good move. The Auto Payment Calculator estimates what your monthly payment could be based on different interest rates and terms to help you decide what might be affordable.

If you have less than ideal credit, increasing your score could lower your interest rate. Our Guide to Better Credit for Auto Financing can help you understand where your credit score comes from and how you can quickly bring it up. Your credit score may take some more time and work, but it's worth it for those lower Ohio auto loan rates.

Taking some time to find the right lender can also help you snag a lower rate. While lenders will consider the same information, you won't see the same interest rate from each one. You need to shop around and compare offers to find the best auto loan rate in Columbus, OH — even without the best credit or income. You don't want to go with the first offer you receive because a better one might be waiting just around the corner. Plus, some lenders will negotiate, so you can take an offer from one lender to another to see if they're willing to beat the interest rate.

Discover the Best Auto Loan Rates in Columbus, OH with myAutoloan

myAutoloan is committed to helping you find the lowest auto loan rates in Columbus, OH no matter your credit score or the type of car you're buying. We'll show you up to four loans at once so you can find the best deal. Fill out our simple and secure online application, choose the loan that looks best to you, and visit your Columbus dealer to purchase a new car. Apply now to check today's lowest interest rates!

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