Looking For An Auto Loan In Arkansas During March 2020?
Getting the best deal on car finance in Arkansas 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 Arkansas
AllCreditCarLoans Follows A Simple 1-2-3 Auto 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 APPLICATION - This process only takes a few minutes. Our online application is secure, so you don’t have to worry about the safety of your information. There are no fees or hidden charges. Applying is totally FREE.
- 2 - RECEIVE YOUR LOAN APPROVAL - Getting your loan approval is fast and easy. We have an extensive lending network, so the loan approval process is 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 auto on the same day your loan is approved. You just visit your favorite dealership and negotiate like a cash buyer.
Your Car Financing Options
Your credit history and where you are buying your auto from will determine the kind of auto deal you can get.
Whether you are buying a new or used auto from a dealer; you need a program designed to help you get a vehicle loan despite some credit challenges; or you are looking to refinance your existing loan - we can help.
We provide a variety of auto loan options to suit your needs and credit situation:
- Arkansas New Car Loans
- Arkansas Used Car Loans
- Arkansas Auto Refinance Loans
- Arkansas Good and Fair Credit Car Loans
- Arkansas 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 Navigator, Carmax Finance, USAA Car Loans, Chase Auto, Wells Fargo Car Loans, Bank of America Auto Loans, Navy Federal Auto Loans, AAA Auto Loans, Key Bank Auto Loans, PNC BankAuto Loans, Bankrate Auto Loans, US Bank Auto Loans, TD Bank Auto Loans and State Farm Bank Auto Loans.
We also specialize in sub-prime auto loans including financing an auto after bankruptcy and helping borrowers to obtain a loan after an auto repossession.
If you are looking for an auto title loan or the best place to refinance your vehicle, we have programs that can help you as well.
We've provided auto loans for first-time buyers, auto financing for college students and we are proud to have arranged military and veteran auto loans 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.
AllCreditCarLoans works with the best buy here pay here car lots, bad credit car dealers, second chance car dealers and other lenders to provide the best interest rates.
You are never alone in this process. Our 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 vehicle. Click the button below to let us get started helping you today!
Auto Loan Calculator For Arkansas
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 Vehicle Loan
Shopping for a car has never been easier. Our vast network of lender partners and streamlined process makes getting an auto loan quick and easy.
1 - Budget For Your Purchase
The first step in obtaining auto 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 cars 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 auto finance 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 Car
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 Auto Loan
Click the button below and fill out our quick and easy application form to get started right away!
New Car Loans
New car loans are the most common type of auto financing. Beyond the traditional option of getting approved through a new car dealer, many consumers have found that they can save money and gain negotiating leverage by arranging their auto financing in advance.
Most new car 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 cars with attractive financing incentives to make buying easier for people with lower credit scores.
Let us help you get preapproved for that new 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 car you choose. Apply for a new car loan in Arkansas and see how much we can save you.
Used Auto Loans
A used car 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 vehicle 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 vehicle'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 vehicle, you can click here to view the inventory of used car dealerships in Arkansas.
Shopping For The Best Vehicle Loan Rates In Arkansas?
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 A Vehicle Loan Is Important
Having a preapproved 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.
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 the dealership, the finance manager may try to beat the interest rate of your preapproved loan. Before accepting the dealer's 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 Vehicle Loan Work?
Dealers usually offer vehicle financing through their preferred lenders, typically at a higher interest rate than available elsewhere. Getting preapproved directly with one of our lender partners helps you to negotiate the best interest rate before you even get to the car dealership so that you can save money in the long run.
When you start your auto buying process at a dealer, the salesmen will focus on the monthly payment, which makes it easy to forget about the actual price of the vehicle. But when you show up with a preapproved loan, negotiations can be based on the price instead.
How To Get Pre-Qualified For An Vehicle Loan
When you’re applying with AllCreditCarLoans, the application process is simple and quick. You should have the following information on-hand:
- Proof of income
- Driver’s license and Social Security number
- 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.
Arkansas (/ˈɑːrkənsɔː/ AR-kən-saw) is a state in the southern region of the United States, home to over 3 million people as of 2018. Its name is from the Osage language, of Siouan derivation; it denoted their related kin, the Quapaw people. The state’s diverse geography ranges from the mountainous regions of the Ozark and the Ouachita Mountains, which make up the U.S. Interior Highlands, to the densely forested land in the south known as the Arkansas Timberlands, to the eastern lowlands along the Mississippi River and the Arkansas Delta.
The United States Census Bureau estimates that the population of Arkansas was 3,013,825 on July 1, 2018, a 3.36% increase since the 2010 United States Census.
As of 2018, Arkansas has an estimated population of 3,013,825. From fewer than 15,000 in 1820, Arkansas’s population grew to 52,240 during a special census in 1835, far exceeding the 40,000 required to apply for statehood. Following statehood in 1836, the population doubled each decade until the 1870 Census conducted following the Civil War. The state recorded growth in each successive decade, although it gradually slowed in the 20th century.
It recorded population losses in the 1950 and 1960 Censuses. This outmigration was a result of multiple factors, including farm mechanization, decreasing labor demand, and young educated people leaving the state due to a lack of non-farming industry in the state. Arkansas again began to grow, recording positive growth rates ever since and exceeding the 2 million mark during the 1980 Census. Arkansas’s rate of change, age distributions, and gender distributions mirror national averages. Minority group data also approximates national averages. There are fewer people in Arkansas of Hispanic or Latino origin than the national average. The center of population of Arkansas for 2000 was located in Perry County, near Nogal.
In terms of race and ethnicity, the state was 80.1% white (74.2% non-Hispanic white), 15.6% black or African American, 0.9% American Indian and Alaska Native, 1.3% Asian, and 1.8% from two or more races. Hispanics or Latinos of any race made up 6.6% of the population.
As of 2011, 39.0% of Arkansas’s population younger than age 1 were minorities.
European Americans have a strong presence in the northwestern Ozarks and the central part of the state. African Americans live mainly in the southern and eastern parts of the state. Arkansans of Irish, English and German ancestry are mostly found in the far northwestern Ozarks near the Missouri border. Ancestors of the Irish in the Ozarks were chiefly Scots-Irish, Protestants from Northern Ireland, the Scottish lowlands and northern England part of the largest group of immigrants from Great Britain and Ireland before the American Revolution. English and Scots-Irish immigrants settled throughout the backcountry of the South and in the more mountainous areas. Americans of English stock are found throughout the state.
A 2010 survey of the principal ancestries of Arkansas’s residents revealed the following:
Most of the people identifying as American are of English descent and/or Scots-Irish descent. Their families have been in the state so long, in many cases since before statehood, that they choose to identify simply as having American ancestry or do not in fact know their own ancestry. Their ancestry primarily goes back to the original 13 colonies and for this reason many of them today simply claim American ancestry. Many people who identify themselves as Irish descent are in fact of Scots-Irish descent.
According to the 2006–2008 American Community Survey, 93.8% of Arkansas’s population (over the age of five) spoke only English at home. About 4.5% of the state’s population spoke Spanish at home. About 0.7% of the state’s population spoke any other Indo-European languages. About 0.8% of the state’s population spoke an Asian language, and 0.2% spoke other languages.
Arkansas, like most other Southern states, is part of the Bible Belt and is predominantly Protestant. The largest denominations by number of adherents in 2010 were the Southern Baptist Convention with 661,382; the United Methodist Church with 158,574; non-denominational Evangelical Protestants with 129,638; the Catholic Church with 122,662; and The Church of Jesus Christ of Latter-day Saints with 31,254. There are some residents of the state who live by other religions such as Islam, Judaism, Wicca, Paganism, Hinduism, Buddhism or who claim no religious affiliation.
Zip Code Map
Arkansas neighborhoods include: Adona, Alco, Alexander, Alicia, Alma, Almyra, Alpena, Altus, Amagon, Amity, Antoine, Arkadelphia, Arkansas City, Armorel, Ashdown, Ash Flat, Atkins, Austin, Bald Knob, Barling, Bassett, Batesville, Bauxite, Bay, Beebe, Bee Branch, Beedeville, Bella Vista, Benton, Bentonville, Berryville, Bethel Heights, Bigelow, Biggers, Bismarck, Black Oak, Black Rock, Blue Mountain, Bluff City, Blytheville, Bonnerdale, Bono, Booneville, Bradford, Bradley, Branch, Brockwell, Brookland, Bryant, Burdette, Cabot, Caddo Gap, Caddo Valley, Cale, Calico Rock, Cammack Village, Canehill, Caraway, Carlisle, Casa, Cash, Casscoe, Cave City, Cave Springs, Cecil, Cedarville, Center Point, Center Ridge, Centerton, Charleston, Charlotte, Cherokee Village, Cherry Valley, Chester, Choctaw, Cleveland, Clinton, Colt, Compton, Concord, Conway, Cord, Corning, Cove, Crocketts Bluff, Crossett, Damascus, Datto, Decatur, Deer, Delaware, Delight, Dell, Dennard, Dermott, De Witt, Diamond City, Dierks, Dolph, Donaldson, Dover, Drasco, Driver, Dumas, Dyess, Earle, Elkins, El Paso, Emerson, Emmet, England, Enola, Ethel, Etowah, Eudora, Eureka Springs, Evansville, Evening Shade, Everton, Fairfield Bay, Farmington, Fayetteville, Fifty Six, Fisher, Floral, Foreman, Fort Smith, Fountain Hill, Fox, Franklin, Frenchmans Bayou, Friendship, Garfield, Gentry, Georgetown, Gillett, Gillham, Glenwood, Gould, Grady, Grannis, Gravette, Greenbrier, Green Forest, Greenway, Griffithville, Guion, Gurdon, Hackett, Hamburg, Hardy, Harrisburg, Harrison, Hasty, Hatfield, Hattieville, Havana, Hector, Hensley, Heth, Hickory Ridge, Higginson, Highland, Hindsville, Hiwasse, Horseshoe Bend, Hot Springs National Park, Hot Springs Village, Houston, Hoxie, Humnoke, Humphrey, Huntington, Imboden, Jacksonville, Jasper, Jerusalem, Jessieville, Joiner, Jonesboro, Jones Mill, Judsonia, Keiser, Keo, Kirby, Knobel, Lake City, Lake Village, Lamar, Langley, Leachville, Lead Hill, Leola, Lepanto, Lincoln, Little Rock, Little Rock Air Force Base, Locust Grove, London, Lonoke, Lonsdale, Lowell, Luxora, Lynn, Mabelvale, Magazine, Magnolia, Malvern, Mammoth Spring, Manila, Marble Falls, Marcella, Marion, Marked Tree, Marmaduke, Maumelle, Mayflower, Maynard, Maysville, Mc Crory, Mc Dougal, Mc Gehee, Mc Neil, Mc Rae, Melbourne, Mena, Mineral Springs, Minturn, Monette, Montrose, Morrilton, Morrow, Mountainburg, Mountain Home, Mountain Pine, Mountain View, Mount Ida, Mount Judea, Mount Pleasant, Mount Vernon, Mulberry, Murfreesboro, Nashville, Natural Dam, Newark, New Blaine, Newhope, Newport, Norman, North Little Rock, Oden, Ogden, Oil Trough, O Kean, Okolona, Omaha, Onia, Oppelo, Osceola, Oxford, Ozark, Pangburn, Paragould, Paris, Parkdale, Parkin, Paron, Parthenon, Peach Orchard, Pearcy, Pea Ridge, Peel, Pelsor, Pencil Bluff, Perry, Perryville, Pettigrew, Pickens, Piggott, Pineville, Pleasant Grove, Pleasant Plains, Plumerville, Pocahontas, Pollard, Ponca, Portia, Portland, Pottsville, Poughkeepsie, Powhatan, Poyen, Prairie Grove, Prescott, Quitman, Ratcliff, Ravenden, Ravenden Springs, Rector, Rockport, Rogers, Roland, Romance, Rose Bud, Rosie, Rosston, Royal, Rudy, Russellville, Saffell, Sage, Saint Charles, Saint Francis, Saratoga, Scotland, Scott, Scranton, Searcy, Sedgwick, Sherwood, Shirley, Sidney, Siloam Springs, Sims, Smithville, Snow Lake, Solgohachia, Sparkman, Springdale, Springfield, Stamps, Star City, State University, Stephens, Story, Strawberry, Stuttgart, Subiaco, Success, Sulphur Rock, Sulphur Springs, Summers, Swifton, Taylor, Tichnor, Tillar, Tilly, Timbo, Traskwood, Trumann, Tuckerman, Tyronza, Umpire, Uniontown, Van Buren, Vandervoort, Vendor, Vilonia, Violet Hill, Waldo, Walnut Ridge, Ward, Warm Springs, Watson, Weiner, Wesley, Western Grove, West Fork, West Memphis, White Hall, Wickes, Williford, Willisville, Wilmar, Wilmot, Wilson, Wilton, Winchester, Winslow, Winthrop, Wiseman, Wynne, Yorktown
For more information, see Arkansas wiki