Car Loans in Birmingham, Michigan

Car Loans in Birmingham, Michigan

If you are interested in financing a new or used car, there’s no need to put it off until you have the money saved. 44% percent of Americans require a Car Loan to purchase a vehicle. With rates lower than for-profit lenders, T&I Credit Union can help create the right payment plan for your financial situation. Individuals located in Birmingham, MI, can easily apply for your Car Loan online.

Preparing Your Application

When planning to apply for a Car Loan in Birmingham, seek pre-approval before shopping. Having a specific number confirmed will give you a better idea of what you can afford and give you more leeway when negotiating a dealership price.

You’ll need to pull your credit score in advance of applying for car financing, which our experts can do for you at the T&I Credit Union member center. The higher your credit score, the better your interest rate will be, and the lower your monthly payments.

If you have a low credit score and need to apply for a bad credit Car Loan, it’s advisable to prepare a higher down payment to mitigate risk.

Car Loan Payment Plans

T&I Credit Union offers multiple payment plans that make it easier for you to finance your new car in Birmingham. At 84 months, we offer APR rates as low as 6.24%* (subject to approval), even lower if you choose to invest over a shorter period, like 72 or 60 months.

For used cars financed over 60 months, we can offer a rate as low as 6.49% APR* (subject to approval). All our rates are subject to change based on your credit score and exclude existing T&I loans.

Calculate Your Car Loan Payment

Take the guesswork out of affordability! Our handy financial calculator lets you estimate your monthly Car Loan payment for any new, used, or refinanced car. This way, you can cruise confidently, knowing your car financing fits your budget.

Credit Unions Benefit Individuals

Credit unions are often better for individuals and families than for-profit banks. Since credit unions don’t have to make a profit, they can focus their efforts on finding you the lowest possible interest rate. This translates to significant savings on car financing, putting more money in your pocket to spend on enjoying your new ride! 

While banks may appear to have more options and services, this doesn’t mean they are giving you a better deal. The majority of a bank’s money for loans is made from small and large businesses, not from individuals.

Apply For a Car Loan in Birmingham Today!

If you’ve been thinking of buying a new or used vehicle, you can apply online for a Car Loan in Birmingham in minutes. Our team can help you through the application process and figure out a monthly payment plan that works for you and your family.

Disclaimer: All Loans are subject to credit review and approval. Rates and offers are subject to change without notice. Actual rates may vary based on credit score. Existing T&I loans excluded. See T&I Credit Union for more information. T&I Credit Union is an Equal Opportunity Lender. Effective 01/01/2025-03/31/2025.