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Car Buying and Financing Tips
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Rhode Island Auto Loans

If you are going shopping for an automobile in Rhode Island, you'll be able to find any new car on the market and hundreds of used car choices.

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Auto Lenders & Loan Types in Rhode Island (RI)

Some recommended lenders in Rhode Islande include:

  • Sovereign Bank provides loans for new and used vehicles, and will refinance an existing auto loan.
  • For Navy personnel, retirees and their families, the Navy Federal Credit Union offers loans for new, used, and refinanced cars. They also operate their own leasing program.
  • Lending Tree Auto Loans will take your loan application, shop it to lenders and present you with five lenders to choose from.
  • GMAC Financial will provide loans and lease programs through their Chevrolet, Pontiac, GM, Buick, Cadillac, Saturn, Saab and Hummer dealers.
  • Wachovia Bank offers loans for new and used cars, refinanced cars and auto leases.

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Financing Car Loans in Rhode Island (RI)

If you have good credit, finding a loan will be easy. Many new car dealers provide additional discounts on cars bought through their credit department if you've got good credit.

If you have less than perfect credit, finding an appropriate loan is still possible. However, you'll have to expect higher interest rates than others with better credit.

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You can minimize your poor credit rating by being up front about it early. Review your credit reports and play on the discrepancies among the three major reporting agencies. Their reports are never identical. Let firms like Lending Tree shop your application for you, even with all its imperfections.

Rhode Island State Auto Loan Information

For information on state loan requirements and auto details, check with Rhode Island’s Department of Business Regulation and DMV:

Rhode Island Department of Business Regulation
233 Richmond Street
Providence, RI 02903

Rhode Island Division of Motor Vehicles
100 Main Street
Pawtucket, RI 02860

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Zip Code:

Loan Type:

Current Rates
APR

36 month new car:
60 month new car:
72 month new car:
36 month used car:
60 month used car:
72 month used car:
Refinance car loan:
Lease buyout:

6.15%
6.27%
6.71%
6.62%
6.77%
7.38%
7.22%
8.38%

Updated: 06/14/2007
Source: Uehara Index

 

 

* Auto Loan Center is not an auto loan lender or broker, but provides information about auto loan products and lenders. Not all products and services are available in all states.

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