Your Guide to Auto Loan Options
Get a classic auto rate as low as 5.25% APR!*
Weigh Your Options
Choosing between a new car and keeping your current one depends on safety, reliability, repair costs, and budget.
If your car is paid off and affordable to maintain, keeping it is often the smarter choice. If not, consider upgrading if the new car's cost is:
- Within 15% of your total budget
- Your debt is below 36% of your take-home pay
When is a good time to buy a car?
If any of these apply to your situation, it may be time to start looking:
- Your car is nearing the end of its life
- Your needs have shifted in ways your current vehicle can't meet, like a longer commute or a growing family
- Your current auto loan is fully paid off
Our tip: Before you buy, check the vehicle history for an active warranty and any prior collision damage.
What factors can affect your monthly payments?
Your credit score
The amount still owed on your current auto loan, if applicable
How much you need to borrow
The purchase price of the vehicle
Your down payment
Your interest rate
The length of your loan term
Our tip: BancFirst customers can check credit information for free anytime with our Credit Monitoring tool, available in online and mobile banking!
How do I calculate my monthly payments?
Choose the amount you need to borrow and calculate your monthly payments using our auto loan calculator.
You could be cruising in a new ride sooner than you thought.
If you've decided a new car is right for you, BancFirst can help you explore financing options and find the right fit.
*Loans offered with approved credit. Annual percentage rate for qualified borrowers on new loans or refinance of non-BancFirst loans. Model year limits may apply. Offer expires September 30, 2026.