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Amex Auto Purchasing Program Review

Carol Pope
Written by Carol Pope
Amanda Push
Edited by Amanda Push
Updated on: July 2, 2025 Content was accurate at the time of publication.
We are committed to providing accurate content that helps you make informed money decisions. Our partners have not commissioned or endorsed this content. Read our editorial guidelines here.

American Express discontinued its auto purchasing program on April 28, 2025. If you’ve already bought your car through the program, you must have reported it to Amex within 45 days of your purchase and before June 19, 2025 to get your Buyer’s Bonus points. 

If you missed out on the Amex Auto Purchasing Program and are still interested in a car-buying service, you do have other choices.

Amex Auto Purchasing Program alternatives

PenFed Car-Buying Service

Best if you are willing to join a credit union and want a discount on your auto loan.

PenFed Credit Union offers a car-buying service that helps you find a car and get a discount on your PenFed auto loan. Rates start at 3.89% for new cars if you buy through the car-buying service. If you just get a new car loan but don’t use the service, the lowest rate you can get is 4.69%. 

Since it’s a credit union, you have to join to use the car-buying service and get a loan. However, membership is open to all. 

For more information, please see our expert PenFed auto loan review.

Costco Auto Program

Best if you’re a Costco member or are willing to join Costco.

Costco’s car-buying service will give you upfront pricing from partner dealers. No hassle or negotiation, and eligible members can get exclusive incentives. Costco also offers a 15% discount on parts (up to $500 per visit) if you get work done from a partner service center, so the savings continue even after you buy your car. 

You have to be a Costco member to take advantage of the Costco Auto Program. Also, some of the best incentives require a higher level Executive membership, which costs $130 a year. 

For more information, please see our expert Costco Auto Program review.

Chase Car-Buying Service

Best if you want to finance a car with a Chase auto loan.

In order to finance a car with Chase Bank, you have to buy from a dealership in its network. That’s where its car-buying service comes in. With just a few clicks, you can shop online with dealers that partner with Chase. Once you find what you want, you can apply for financing before heading to the lot.  

Unlike the Costco Auto Program and PenFed Car-Buying Service, Chase doesn’t offer incentives when you use its service. Instead, think of it as an easy way to find and finance a car with Chase. 

For more information, please see our expert Chase auto loan review.

Get banks to compete for your business with LendingTree

You wouldn’t let your dealer pick out your car, so why let them pick out your loan? Take the wheel and tap into our expert-approved network of lenders. You could save an average of $5,198 on your auto loan when you get banks to compete for your business with LendingTree.

  • Tell us what you need. Answer basic questions about who you are and how much money you need. We’ll take care of the rest. It’s free, simple and secure.
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  • Get your money. Choose a lender, sign your loan paperwork and take off in your new ride.
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