The Best Financial Organizations for Auto Loans

Best Financial Organizations for Auto Loans

Cars Direct

Cars Direct is an easy one-stop-shop for anyone looking for the best auto loans in the last 20 years and has helped 5 million customers during that time. The application takes as little as 60 seconds which is a bonus for some people. You can compare loan products and there is no limit to how much you can borrow. You can find a large or small loan. 

Lending Tree

Use Lending Tree for a painless, hassle-free auto loan experience that its competitors can only attempt to mimic. It is not only a great place to get the best auto loan rates, you’ll find options for new and used cars, refinancing for existing car loans, and even lease buyouts. You can also get approved before you start shopping for a car, and how much you’ll pay each month. For a new car, you could qualify for a 36-month loan as low as 1.85% APR if you have an 800+ credit score. If your payments are higher than you’d like, you can always refinance later down the road. 

MyAutoLoan

MyAutoLoan acts as a loan matching service for a wide range of auto financing options. They operate completely online and provide multiple loan product types. For example, you can refinance an existing loan, get a lease buyout, or even get a loan for a third party purchase. MyAutoLoan also gives you access to several handy tools with an interest rate chart, so you can see where rates are headed. Once you’ve gotten your ballpark interest rate, you can estimate the monthly payment. However, your minimum loan amount must be $8,000 and you must earn at least $1,800 each month.

Auto Credit Express

Auto Credit Express helps to get the best auto loans for both new and used cars. They provide auto financing regardless of your credit problems and receive good reviews online. They connect borrowers with lenders who specialize in low credit card loans. You also face fewer restrictions on the type of car you can finance, so you can get a car as old as you want. You may also qualify for a $0 down payment amount if you meet a pre-tax monthly income of at least $1,500.

Blue Sky Auto Loans

Blue Sky Auto Finance works with no credit to bad credit borrowers. The result is they provide borrowers with the services they need, regardless if you have poor credit. They aggregate multiple loans offers in addition to relatively lax credit requirements. It gives the maximum loan amount of $30,000, giving you a variety of options when it comes time to pick a car. You can easily qualify for a loan no matter what your credit score is; at least a 550.

Bank of America For Auto Loans

Bank of America is a good place to begin searching auto car loans. B of A loan rates start the lowest for new cars, no matter what type of car you plan on buying. You can also refinance an existing car loan and still find competitive rates. Another great feature is that you can get a 30-day rate lock. So if you need a car, this gives you the flexibility to do so without stressing about rising interest rates.

Chase

Chase is unique in that it provides customers with an average of $3,106 off the MSRP.  It offers loans through a car buying service by partnering with TrueCars. You also get to see what other people paid for the same car. You can just get a straightforward auto loan for a new or used vehicle. Chase online portal lets you calculate payments, credit decisions, and closing processes. They differ depending on whether you’re currently a Chase customer. 

US Bank

With US Bank, you can get a loan for either a new or used vehicle, and can also refinance your current auto loan. A major bonus is that there is no down payment required, which is helpful, for those who are cash-strapped at the moment. You can also get a discount when you take out a green auto loan that is an EPA-certified SmartWay vehicle.

Capital One

A car auto loan from Capital One for any vehicle must be no more than six years old with a maximum of 100,000 miles logged. One of the convenient things is loan amounts range from $4,000 to $40,000. If you want to buy out your lease or finance a purchase from a private party, this is not the place for expensive luxury purchases or an extremely cheap deal.