New and Used
Auto Loans

With a low-rate Auto Loan from Mountain America, you can get the perfect loan for your new or used vehicle.

Apply Online in Under 10 Minutes

New and Used
Auto Loans

With a low-rate Auto Loan from Mountain America, you can get the perfect loan for your new or used vehicle.

We're Here to Help With Your New or Used Car Loan

When it comes to auto loans, Mountain America is all about being helpful. When you finance your new or used car, you get:

Get Going Today

With a low-rate Auto Loan from Mountain America, you can get a new vehicle and get on your way in no time.

So don't wait! Apply online by clicking the button below, through the Mountain America mobile app, or at a local branch. You can even ask for Mountain America financing at the dealership.
 
Apply Online in Under 10 Minutes


What kind of credit score do you need to get a car loan?

The credit score needed to obtain an auto loan depends on the lender. But the average credit score is around a 711 for a new car loan and a 644 for a used car loan.

Credit history is one of the main factors lenders use to determine auto loan approval and helps to establish whether the borrower is high or low risk. Most financial institutions will look at your industry-specific auto FICO® Score as well as request your base FICO® Score from the three consumer credit reporting bureaus: Equifax, Experian and TransUnion.

Credit scores don’t just determine if the borrower will receive a car loan and for how much, it also affects the interest rate. While it’s possible to find interest rates between zero to two percent on new car loans, borrowers will likely need a credit score of 700 or higher. Reversely, a borrower may find a lender willing to accept an average (mid-600s) or poor credit score (500s to low 600s) for an auto loan, the borrower’s interest rate will likely be three to five times higher than those with good or excellent credit. This interest rate may make car buying unaffordable all together by putting the borrower in a ten to 24 percent interest zone. Before choosing a lender, calculate various lenders’ car loan interest rates with your current credit score.
 

How do I refinance a car loan?

Refinancing your car is an easy way to lower your interest rate and monthly payments. To do this, you’ll need the right information and documents (car mileage, VIN number, current car loan numbers, driver’s license and income verification), and then you’ll choose a financial institution with which to apply.

The bank or credit union will review your information, check your credit history and then let you know whether or not you qualify for a lower interest rate. If you do, they’ll work with you to run the numbers and set your new loan term. to a lower monthly car payment.
 

*Annual percentage rate. Loans subject to credit approval. See current rates and terms. The minimum monthly payment for a loan with a 2.99% APR and 5-year term is $17.96 per $1,000 borrowed.. Promotional rate includes 0.25% discount for MyStyle Checking product. Membership required–based on eligibility.

**There is a $15 upfront charge for the report, but it will be rebated if you finance a vehicle from Mountain America. Loan must close within 90 days of purchasing report. Rebated amount will be deposited into account used to purchase code. Loan does not have to be for the vehicle for which report was pulled.

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