Auto Loans

Low rates starting at

2.14% APR

Purchase

2.39% APR

Refinance
Privacy Secured  |  Advertising Disclosures
 

How do auto loans work?

Auto loans are typically secured loans that charge simple interest, interest calculated on your loan balance, over two to seven years. Your auto loan interest rate is determined by your credit score, loan term and amount, along with the value of the car itself.

While many buyers shop for a car loan at the same time they’re shopping for a car, a better way is to compare annual percentage rates (APRs) across multiple lenders to make sure you’re getting a competitive rate. If the dealer can beat it, you’ll know you’re getting a fair offer.

Compare Auto Financing Offers

Why you should compare auto loan rates

Comparing loan rates before you buy a new or used car puts you in a stronger negotiating position at the dealership. This is true whether you have strong credit or need a car loan for bad credit. The lenders below are a good place to start your search.


Estimate your monthly car payment

Estimate your monthly car payment with our Auto Loan Calculator for both new and used cars.


Car loans for bad credit

Whether you’re just starting out and have no credit history, or have simply made some credit mistakes along the way, it’s still possible to get an auto loan. Many lenders provide car loans for bad credit.

Credit score

Once you have a car loan, making on-time payments can help improve your credit score. You may be able to later refinance your car loan at an even better rate. If you’d like to improve your chances of being approved or possibly get a lower rate now, consider adding a cosigner, making a large down payment or both.

Show My Free Score