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Find the Best Car Loans in Lansing, MI

For a majority of Lansing residents, owning a car is essential. Financing a car is often necessary, but many people don’t know all the factors that determine what loans they can receive. We researched the best car loans in Lansing to make your car purchase simple and straightforward.

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Compare Top Auto Loans

LightStream
  • Funds deposited directly to your account
  • Loans from $5,000 - $100,000
  • Visit website for customer service
  • Available in Lansing

Loans for practically anything!

Location
Services available in
Lansing, MI
No phone available
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Auto Approve
Overall satisfaction rating
  • Individual loan consultants
  • Online loan calculator
  • Apply online
  • Available in Lansing

Helps people find refinancing loans and lease buyouts. Lets you add a vehicle warranty or gap insurance. Simple online application with no fees. Immediate loan decisions. Loan offers valid for 30 days. APRs as low as 2.25%.

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LendingTree
Overall satisfaction rating
  • Read lender reviews from other consumers
  • Compare rates from multiple lenders
  • Available in Lansing
  • Compare prices & coverage

Online marketplace for secured and unsecured loans. Free to compare rates and quotes from lenders for mortgages, car loans, personal loans and more. Most loans require a 500 to 640 credit score. Available nationwide.

Get a Quote (800) 496-8733 Read More
myAutoloan.com
  • Online payment available
  • Find your perfect lender
  • Available in Lansing
  • Interest rate calculator online
Location
Services available in
Lansing, MI
(214) 540-3350
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Capital One
  • Check your loan status online
  • Available in Lansing
  • Over 12,000 eligible dealers
  • Auto loan calculators available
Location
Services available in
Lansing, MI
(800) 689-1789
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MSU Credit Union
  • M-Th: 7am - 5:30pm
  • F: 7am - 6pm
  • Closed Sat and Sun
  • msufcu.org/vehicle_loans
Location
1200 E. Michigan Ave., Ste. 300
Lansing, MI 48912
(517) 333-2424
Fifth Third Bank
  • M-F: 9am - 5pm
  • Sat: 9am - 12pm
  • Closed Sun
  • 53.com
Location
620 S. Pennsylvania Ave.
Lansing, MI 48911
(517) 394-6406
Check into Cash
Overall satisfaction rating
  • M-F: 10am - 6pm
  • Sat: 10am - 3pm
  • Closed Sun
  • checkintocash.com

Lender with 25 years in business offers payday loans up to $1,000 and title loans up to $25,000 with easy application process. Consumers can get funds the next business day. Installment loans and lines of credit also available.

Location
3109 Martin Luther King Jr.
Lansing, MI 48910
(517) 272-4308
Case Credit Union
  • M/T/Th: 9am - 5:30pm
  • W: 10am - 5:30pm
  • F: 9am - 6pm
  • Sat: 9am - 1pm
Location
2400 West Rd.
East Lansing, MI 48823
(517) 393-7710
Advance America
  • M-F: 10am - 6pm
  • F: 9am - 7pm
  • Sat: 10am - 2pm
  • Closed Sun
Location
1122 W. Holmes Rd., Ste. 18
Lansing, MI 48910
(517) 394-2685

How to get an auto loan in Lansing

skyline

Auto loans are not hard to find, and you can apply for loans from banks, credit unions and online lenders. When preparing to apply for car loans, it’s helpful to set a budget and see what you can comfortably afford for a monthly payment. If you’re able to wait, saving more money to use as a down payment can help you shorten the term of your loan or lower your monthly payments.

Before you start shopping, consider getting a preapproval. This sets a budget, reduces the time spent at the dealership and provides leverage when negotiating for the price of a car. Arranging financing before shopping also gives you time to compare offers and find the most affordable option.

Comparing car loans in Lansing

The most significant factor in the cost of a car loan over its term is the annual percentage rate (APR), which is the interest rate plus any fees your lender may charge. Lenders base the APR of your loan on your credit score — Lansing residents with excellent credit receive better rates than those with a poor credit history.

Average APRs based on credit score range

Credit Score Range New Car APR Used Car APR
781 - 850 2.6% 3.4%
661 - 780 3.59% 5.12%
601 - 660 6.39% 9.47%
501 - 600 10.65% 15.72%

If you don’t know your credit score, there are several ways to find it. You’re also entitled to a free copy of your credit report every year. If you have poor credit and can wait to purchase a car, consider looking at ways to raise your credit score before applying for a loan.

Additional information lenders in Lansing use to decide your APR and maximum loan amount are:

  • Income
  • Time at current employer
  • Debt to income ratio
  • Amount of down payment
  • Length of time to pay off the loan

Getting a car loan with poor credit in Lansing

Although having good credit is ideal, you may not be able to wait for your credit score to rise before purchasing a car. Some alternative online lenders specialize in working with people with poor credit to help them find the best auto loans possible.

You can also ask a family member or trusted friend with good credit if they will co-sign the loan. This allows you to get a better loan offer, but your co-signer is liable for the loan if you default.

Car Loans Reviews

LightStream

LightStream, a division of SunTrust Bank, is an online lender that offers same-day funding and APRs as low as 3.99 percent. LightStream deposits funds directly into your bank account. Lansing customers love the quick service and competitive rates, but some say calling customer service can be difficult.

LightStream

Auto Approve

Auto Approve specializes in helping consumers get out of high-interest auto loans by refinancing them at a lower APR and reducing the monthly payment amount. The company offers fast quotes and assigns you a personal loan assistant to help with your refinancing. Lansing customers praise the straightforward process and friendly service.

Auto Approve

LendingTree

LendingTree is an online loan broker that offers auto loans from multiple lenders. The company has options for customers with bad credit and provides loan calculators on its site. The company also refinances existing car loans. Most Lansing customers praise the company for its available options, but some say they wish the customer service was better.

LendingTree Get a Quote (800) 496-8733

myAutoloan.com

myAutoloan.com is an auto loan broker that offers to match borrowers up with appropriate lenders and services. The company specializes in finding options for individuals with poor credit. Customers love how easy approval is, but some Lansing residents were not pleased with myAutoloan.com’s information sharing practices.

myAutoloan.com

Capital One

Capital One is one of the country’s largest lenders. The company offers tools to find an ideal loan and lets you search for cars from local dealerships when you get pre-approved online. Lansing customers recommend the lender and say they loved the excellent customer service and professionalism of Capital One’s representatives.

Capital One