Auto Loans

If you’re in the market for a car but don’t have the necessary cash on hand to make the purchase, then you are likely looking at getting an auto loan. LendingTree helps you compare auto loan rates from multiple lenders. It’s fast, easy, and best of all, free. 

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Auto financing the right way

When you’re searching for an auto loan, it pays to shop around. LendingTree helps you compare auto loan rates and loan terms from multiple lenders. Compare different types of auto loans, including new and used car loans, and auto refinancing options, whether you’re buying from a dealer, or a private seller. Also make sure when you go to purchase a car you are getting it for the best price by purchasing your car at the best time of the year.

Compare Auto Financing Offers

How do auto loans work?

Auto loans are usually simple interest loans, which means that the interest on the loan is determined based only on the principal balance of the loan. Auto financing can be used to purchase cars and other vehicles, such as boats, RVs, motorcycles, and ATVs.

What type of auto loan are you looking for?

Car Loans

Looking for a new or used car? Save cash when you shop and compare lenders.

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Auto Refinance

Refinance your auto loan if you’re ready for lower car payments or a better loan term.

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Boat Loans

From sailboats to pontoon boats, fund your aquatic adventure when you shop and compare boat lenders with LendingTree.

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Motorcycle Loans

Compare lenders to find the best loan for your cruiser, sports bike, scooter or moped.

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RV Loans

Find the best RV loan for your camper, trailer, motor home or toy hauler.

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Powersport Loans

Whether you’re looking to get out on the water or in the snow, find a powersport loan that matches your speed.

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Estimate your monthly car payment

Use this Auto Loan Calculator to see your monthly payments on your loan amount, interest rate, and loan term.

New, poor, or bad credit?

Down payment may be higher

Refinance when your score improves

Timely payments improve credit

Not sure what your credit score is? Get it here for free.

7 reasons to get pre-approved for your auto loan

Pre-approval for an auto loan can provide you with multiple benefits when it comes to the car buying process. Here are a few to consider:
  • It can help you negotiate a better deal

    Being a pre-approved buyer with a pre-approved check can give you the same status as an all-cash buyer which means you can take your business elsewhere, making it easier to negotiate the price of the car.

  • It can help you figure out how much you can afford before you begin car shopping

    Going through the pre-approval process for an auto loan helps you better understand how much car you can afford. When looking at the auto loan itself, you’ll be determining how long you’ll have a loan as well as the monthly payment, which can provide a dose of reality when looking at the cars that are in your price range.

  • Ensures you get the best rate

    Once you find a great rate and are pre-approved for a car loan, you can use that to potentially leverage a better rate from the dealership. You can explain what loan terms you are pre-approved for and ask if the dealership can beat it if so you’ve just gotten an even better deal on a car loan.

  • Easier to shop around (for both the car and the loan)

    Being pre-approved makes it easier to shop around. Because you’re not tying the financing of the vehicle to the dealership where you buy it, you can shop around for different cars or go to different dealerships for the same car to make sure you get the best rate. Additionally, by shopping around for the loan beforehand and getting pre-approved, you are not limited to the financing options at the dealership.

  • You won’t spend as much time at the dealership

    Being pre-approved for the loan before you go to dealership helps to break up the car buying process and can lessen overwhelm. Not having to go through and figure out financing at the dealership saves you a lot of time.

    It also gives you the opportunity to focus on financing separately from buying the car, ensuring you are rested enough for finding the best rate for your auto loan and negotiating for the car itself. The break between can help to prevent you from being overwhelmed.

  • Keeps options open

    Being pre-approved for a loan allows you to keep your options open. The choice of where to buy the car as well as if the ability to walk away from a dealer that isn’t willing to work with you.

  • No surprises at the dealership

    Finally, having been pre-approved for the loan before you go to buy the car dealership means there aren’t going to be any surprises at the dealership. Had you not gone with a pre-approved loan you would likely end up sitting at the dealership figuring out financing and could be blindsided with a lower credit score than expected possibly due to an error on your credit report.

    Going through the pre-approval process ensures that you already have those things taken care of when you’re ready to buy the car.