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Car loans in South Carolina

Look outside the dealership to get the best rates — find competitive financing with a local lender.

Updated

Fact checked

Editor's choice: Carvana

Carvana logo
  • Most credit types welcome
  • 45-day preapproval
  • Seven-day guarantee
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When you're shopping for a car in South Carolina, don't simply take what the dealership offers. Your local banks and credit unions — in addition to national online lenders — often offer lower rates and preapproval.

Compare car loans available in South Carolina

Select your credit score range and South Carolina from the drop-down list. Then choose Show me my personalized options to view lenders you could qualify for.

Data indicated here is updated regularly
Name Product Filter Values Minimum credit score APR Loan term Requirements
Carvana
No minimum credit score
3.9% to 27.9%
Varies
18+ years old, annual income of $4,000+, no active bankruptcies
Get pre-qualified for used car financing and receive competitive, personalized rates.
car.Loan.com Car Loans
300
Varies by network lender
Varies by lender
Must be a US citizen with a current US address and employed full-time or have guaranteed fixed income.
Apply with a simple online application to get paired with a local auto lender. No credit and bad credit accepted.
CarsDirect auto loans
Varies by network lender
Varies by network lender
Must provide proof of income, proof of residence, and proof of insurance.
Save time and effort with this lending service specializing in beginner-friendly or subprime car loan.
Auto Credit Express Car Loans
300
Varies
Varies
Must be employed full-time or have guaranteed fixed income of at least $1,500/month and be a current resident of the US or Canada.
Get connected with an auto lender near you, even if you have bad credit.
Monevo Auto Loans
500
3.99% to 35.99%
3 months to 12 years
Credit score of 500+, legal US resident and ages 18+.
Quickly compare multiple online lenders with competitive rates depending on your credit.
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Getting approved for an auto-loan in South Carolina

South Carolina doesn't have any specific laws lenders need to abide by when you apply for a car loan. You should be able to start the application process at the lender's office or online. The lender will request basic personal information to confirm your identity and income, then run a credit check to determine if you're eligible for a loan.

From here, you'll either be approved for financing or denied. Review your loan documents carefully if you're approved. If you aren't, the lender should provide information on why your application was rejected.

Banks and credit unions in South Carolina that offer auto loans

Local banks and credit unions often offer competitive rates. If you're willing to open an account or become a member, you may be able to score a good deal from one of these banks based in South Carolina.

LenderAvailable financingAPR

South Carolina Federal Credit Union

New and used vehicles, recreational vehicles

As low as 2.49%

South Carolina State Credit Union

New and used vehicles, recreational vehicles

1.99% to 14.95%

AllSouth Federal Credit Union

New and used vehicles, loan refinancing, recreational vehicles

As low as 2.99%

Spero Financial

New and used vehicles, old used vehicles

As low as 3.49%

Other South Carolina-based banks, like First Palmetto Bank and Countrybank, don't list their rates or loan options online.

Bottom line

In addition to local financing, you can compare online car loans so you can walk into the dealership with a good idea of what you can afford.

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