Apr 14 2018

Find Used Car Loan Rates and Apply for Used Car Financing

Choose Nationwide Bank ® for your used car financing to make sure you get low rates that fit your budget.

Current used car loan interest rates

APRs shown assume excellent borrower credit and a 1% discount for automatic ACH payments. Rates will be 1% higher if automatic payments are not selected or cancelled after loan closing. Loan is subject to approval. Additional terms and conditions may apply. Payment example: A %%disclosureTerm%% month loan for $ %%disclosureAmount%% at %%disclosureApr%% % APR would have %%disclosureTerm%% monthly payments of $ %%disclosureMothlyPayment%% .


Many banks charge a different rate for a used auto loan or don’t offer loans for them at all. At Nationwide Bank, we offer great rates for new, used and refinance car loans. And we’ll be with you every step of the way.

  • Find helpful advice and calculators from our Auto Loan Resource Center .
  • Apply online anytime, anywhere from your computer, tablet or smartphone.
  • Get preapproved for your loan so you can negotiate a better price on your car with the seller.
  • Use Nationwide Auto Shopping Service to be confident that you’re getting a fair price on your car. Research used cars and certified pre-owned cars to find out what others in your area have paid, then get a guaranteed savings certificate to take to the dealer.
  • Tell us the date that works best for your automatic loan payments, and choose to pay a bi-weekly or monthly payment. There’s no extra charge for bi-weekly payments.

Gather the information below, and get started today!

How to Apply

Here’s what you’ll need to apply for an auto loan. You must be at least 18 years old and a U.S. citizen or legal resident to apply. Be sure to check your credit and resolve any disputes on your credit report. If applying jointly, both people should request a credit report before starting the application.

Nationwide Bank takes your privacy seriously. To protect your information, we will also verify your identity.

  • Previous residence information if you’ve been in your current home less than two years
  • Previous employer if you’ve been with your current employer less than two years
  • The amount you would like to borrow
  • Annual salary or other income information that you wish to have considered as a basis for repaying your loan
  • Current auto insurance information
  • Bank account information for your automatic loan payments 1
  • Vehicle Identification Number (VIN) 2
  • Vehicle year, make, model and mileage 3
  • Purchase price
  • Seller address and phone number

If you are applying for car financing with another person, you will need to have that person’s residence information, too.


Do I have to purchase a used car through an authorized dealer in order to get financing?

No, you can buy your vehicle from a dealership or a private party when you get a used car loan from Nationwide Bank. The name and address of a private party must match the vehicle title when entering it within the application.

What used vehicles are not eligible for an auto loan?

Nationwide Bank does not offer loans on classic cars, cars without VINs or vehicles with a salvage title. In addition, financing is not available for cars with over 150,000 miles or that are 20 years or older.

How do I receive the funds from my loan?

Because Nationwide Bank is a digital bank, everything happens online, including financing your used car. We make it easy by sending the funds from your auto loan directly to the seller.

Here’s how it works:

In our auto loan application, we will ask you for the address and phone number of the seller.

Once you’ve signed your loan documents, we will email you a secure Funding Code and a link to the Nationwide Payment Center. When you’re ready to get your car, simply share this information with the seller. The seller will tell Nationwide Bank where to deposit the funds, and you can drive home in style.

Please note, if you purchase a car through a private individual, the price of the car will go straight to the seller. The rest of your loan will go into your account for you to pay tax and any fees as part of the purchase. Be sure you receive the signed title of the car so you can send it to Nationwide Bank.

Is it possible to pay off my auto loan early?

Yes, you can pay off your auto loan early with no penalties, no matter your credit or interest rate. Use our auto loan payoff calculator to estimate your payment.

What isn’t included in the price of my used car?

After you’ve negotiated a fair deal on the car itself, you may be surprised to find yourself writing a check for hundreds of dollars more than you thought. When you buy a car, be sure to factor these items into the price if they apply:

  • Sales tax
  • License and registration fees
  • Dealer administrative fee
  • Extended warranty, if you purchase one

Our auto payment calculator can help you estimate your monthly payment based on auto loan rates, down payment amount and vehicle purchase price.

Get more answers to your auto loan questions on our Car Loan FAQ page.

Don’t forget that Nationwide can provide you with the insurance you need to stay protected on the road. Request a car insurance quote from Nationwide Insurance today.

Insurance products offered through Nationwide Insurance are NOT insured by the FDIC or any federal government agency, nor are they guaranteed by, deposits of or obligations of Nationwide Bank.

[1] Nationwide Bank loan interest rates include a 1% discount for automatic/ACH payments. If you choose to make payments by check, you will no longer receive the 1% interest rate discount.
[2] Nationwide Bank does not offer loans on classic cars, cars without VINs or vehicles with a salvage title.
[3] Nationwide Bank does not offer financing for cars with over 150,000 miles or that are 20 years or older.

Auto Payment Calculator

Nationwide Mutual Insurance Company, Nationwide Mutual Fire Insurance Company, Nationwide Life Insurance Company, Nationwide Life and Annuity Insurance Company and Nationwide Investment Services Corporation are affiliates of Nationwide Bank. The insurance products and services offered through these affiliates of Nationwide Bank are not insured by the FDIC or any federal government agency, nor are they guaranteed by, deposits of or obligations of Nationwide Bank. The products and services offered through Nationwide Investment Services Corporation are subject to investment risk, including possible loss of value.

Programs (including, without limit, fees, rates and features) are subject to change without notice.

Nationwide, the Nationwide N and Eagle, Nationwide is on your side and Nationwide Bank are service marks of Nationwide Mutual Insurance Company. ©2017

Nationwide Bank, Member FDIC, is a federally chartered savings bank. Loans, lines of credit and credit cards are not insured by the FDIC. Nationwide Bank is an Equal Housing Lender.

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