Editor's choice: Carvana
- Most credit types welcome
- 45-day preapproval
- Seven-day guarantee
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Car loans in Ohio
Ohioans have a large selection of banks and credit unions to borrow from.
Compare car loans available in Ohio
Dealerships offer the ability to shop and buy on the same day. But walking in with a car loan from a lender could help you score a better deal.
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Getting approved for an auto loan in Ohio
Ohio doesn't have any specific laws or regulations in place for auto loans. When you apply for a loan, your lender will evaluate your finances and credit score to determine how much you qualify for.
If you're approved for financing, you can use it to purchase a new or used vehicle — although some lenders only work with specific dealerships. If you aren't approved, your lender should give you a reason why your application was rejected.
Banks and credit unions in Ohio that offer auto loans
There are a wide variety of local banks and credit unions that offer auto loans to residents of Ohio — in addition to two national banks based in the state.
Fifth Third Bank | New and used vehicles, loan refinancing | Not stated |
KeyBank | New and used vehicles, recreational vehicles | As low as 2.81% |
Park National Bank | New and used vehicles, recreational vehicles | Not stated |
First Financial Bank | New and used vehicles, recreational vehicles | As low as 3.35% |
Ohio Educational Credit Union (OHecu) | New and used vehicles, loan refinancing | As low as 2.94% |
Ohio University Credit Union (OUCU) | New and used vehicles | As low as 3.24% |
First Ohio Community Federal Credit Union | New and used vehicles, recreational vehicles | As low as 2.75% |
BMI FCU | New and used vehicles, loan refinancing, recreational vehicles | As low as 2.74% |
Credit Union of Ohio (CUO) | New and used vehicles, recreational vehicles | As low as 3.96% |
Bottom line
Ohio doesn't have any laws regulating car loans or the fees attached to them, so it's up to you to fully vet any potential offers. To see national options and learn more about the borrowing process, read our guide to car loans.
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