More than just an automobile, a car can be an emotional investment that allows you to cruise your way through life. However, purchasing a car comes with its own unique financial investments. Because of the long-term nature of car ownership, taking out a loan to buy a new set of wheels can sometimes make more sense than shelling out payment after payment in cash. There are a lot of interested clients for auto loans, and many auto loan rates are currently on offer from a variety of lenders. Taking into account that interest rates can frequently change with auto loans, now is a great time to shop around for lower rates.
PenFed Credit Union
PenFed Credit Union has rates as low as 0.99% for new car loans, which is significantly lower than most other credit unions. With an application process that’s smooth and straightforward, this is one of the easiest lenders to work with. It has competitive rates on both new and used cars and offers flexible loan terms.
Consumers Credit Union
Consumers Credit Union offers auto loans across the country that finance the total amount of your new or used vehicle. No minimum or maximum loan amount is imposed, and their flexible payment plans offer convenient options to fit your lifestyle.
Oportun
Opportun is the best option for personal loans with bad credit since it has limited credit score requirements and offers direct lender financing. Whether you are tackling unexpected expenses, paying for tuition, or even helping out a family member in need, Opportun makes personal loans with bad credit easy to obtain.
Capital One
Capital One helps secure approval for loans with competitive rates and points, giving car buyers the peace of mind of dealing with a major financial institution. You can even get pre-qualified for an auto loan before shopping so you know how much you can spend.
OpenRoad Lending
The company does not charge any application fees and can help you save hundreds of dollars each month in interest payments. Refinancing with the company only takes a few minutes with an easy online application and fast decision times. OpenRoad Lending is our choice for the best auto refinancing service.
LightStream
Whether you are looking to buy or lease a car or need to refinance a car purchase, LightStream offers an array of options at competitive rates for any credit prof