Personal
Auto Loans
New auto loans, used auto loans, and lease financing — ranked by APR by credit band, dealer-vs-direct routing, and pre-approval discipline.
Compare Auto Loans
- Apply at Truist BankTruist Bank
LightStream Auto Loan
Lowest APR floor for excellent credit — no fees, same-day funding, no dealer restrictions.
Full review - Apply at Pentagon Federal Credit UnionPentagon Federal Credit Union
PenFed Auto Loan
Competitive credit-union rates — open membership, widest loan-amount range in market.
Full review - Apply at Bank of America, N.A.Bank of America, N.A.
Bank of America Auto Loan
Best for existing BofA customers — Preferred Rewards stacks a rate discount up to 0.50%.
Full review - Apply at Capital One Auto FinanceCapital One Auto Finance
Capital One Auto Navigator
Soft-pull pre-qual shows real rates and monthly payments before you step into a dealer.
Full review - Apply at Navy Federal Credit UnionNavy Federal Credit Union
Navy Federal Credit Union Auto Loan
Often the lowest auto loan APR in the market — exclusively for military-affiliated households.
Full review - Apply at Carvana / BridgecrestCarvana / Bridgecrest
Carvana Auto Financing
Fully online used-car buying with built-in financing — inventory and loan in one place.
Full review - Apply at Capital OneCapital One
Capital One Auto Navigator
Soft pre-qual with real rates before you set foot in a dealership.
Full review - Apply at MyAutoLoan.com (lender network)MyAutoLoan.com (lender network)
MyAutoLoan
Up to 4 competing lender offers in minutes — best for comparison shopping.
Full review - Apply at Auto Credit Express (dealer network)Auto Credit Express (dealer network)
Auto Credit Express
Specialist dealer network built specifically for bad-credit and no-credit borrowers.
Full review - Apply at DriveTime Automotive GroupDriveTime Automotive Group
DriveTime
In-house financing with approval decisions made on-site — no third-party lender required.
Full review - Apply at Carvana / BridgecrestCarvana / Bridgecrest
Carvana
Online used-car buying with built-in financing for a wide range of credit profiles.
Full review - Apply at Truist BankTruist Bank
LightStream Auto Loan
Lowest APR floor for excellent-credit auto borrowers — no fees, fast funding.
Full review - Apply at Bank of America, N.A.Bank of America, N.A.
Bank of America Auto Loan
Preferred Rewards customers get tiered rate discounts up to 0.50%.
Full review - Apply at Pentagon Federal Credit UnionPentagon Federal Credit Union
PenFed Auto Loan
Competitive credit-union rates with broad membership eligibility.
Full review - Apply at Navy Federal Credit UnionNavy Federal Credit Union
Navy Federal Credit Union Auto Loan
Lowest rates in the market for military households + military-experienced service.
Full review - Apply at JPMorgan Chase Bank, N.A.JPMorgan Chase Bank, N.A.
Chase Auto Finance
Relationship banking + large dealer network for existing Chase customers.
Full review
Guides
What to know before you compare
Auto loan rates are the single largest factor in the all-in cost of a vehicle — a 200-bps APR difference on a $40K, 60-month note is roughly $2,200 over the life of the loan. The 2026 market splits between dealer-arranged financing (convenient but typically marked up), direct bank lending (cheapest for prime credit), credit union loans (often the strongest for mid-band credit), and online direct lenders (fastest, broadest credit-box).
The buying guides below cover new auto, used auto, and refinance specifically. Pre-approval before walking onto a dealer lot is the discipline that captures most of the rate spread. See also how Carvana's financing works for how captive online-retailer financing compares to a direct pre-approval, and our auto refinance picks if you already have a loan and want to check whether refinancing lowers your rate. Scored against ClearValue's published methodology. Updated September 2026.
Frequently asked questions
What credit score do you need for an auto loan?+
Auto lenders finance a wide credit range, but the rate gap is large. Prime borrowers (roughly 660+ FICO) access the lowest advertised APRs; near-prime and subprime borrowers can still qualify but pay materially higher rates. Below the low 600s, expect fewer lenders and higher costs. Auto-specific scores (FICO Auto Score) and the loan-to-value ratio on the vehicle also factor into the decision.
Should you get pre-approved before going to the dealership?+
Pre-approval is generally the strongest discipline a car buyer has. It gives you a firm rate and amount to compare against the dealer's financing offer, turns you into a cash-equivalent buyer in negotiations, and helps you avoid dealer markup on the loan. You can still take dealer financing if it beats your pre-approval — but without one, you have no benchmark to negotiate against.
What is the difference between dealer financing and a direct auto loan?+
With dealer financing, the dealership arranges the loan through its lending partners, often adding a markup to the rate for arranging it. A direct auto loan comes straight from a bank, credit union, or online lender that you apply to yourself. Dealer financing is convenient and sometimes offers manufacturer-subsidized promotional rates, while direct loans frequently price lower for prime credit. Comparing both is the way to capture the better deal.
How long should an auto loan be?+
Shorter terms mean higher monthly payments but less total interest and faster equity. Longer terms (72-84 months) lower the payment but raise total interest and increase the risk of being underwater — owing more than the car is worth. A common guideline is to choose the shortest term whose payment you can comfortably afford, often 48-60 months, to balance affordability against total cost.
Can you get an auto loan with bad credit?+
Yes, financing is available across the credit spectrum, including subprime, though terms are less favorable. Expect higher APRs, larger down-payment requirements, and sometimes shorter terms. A larger down payment, a creditworthy co-signer, or a less expensive vehicle can improve approval odds and pricing. Borrowers who refinance after rebuilding credit often capture meaningful savings, so a higher-rate loan today need not be permanent.
Is it better to finance a new or used car?+
New-car loans typically carry lower advertised APRs and may qualify for manufacturer-subsidized financing, but new vehicles depreciate fastest in the first years. Used-car loans usually run slightly higher rates, yet the lower purchase price and slower depreciation can produce a lower overall cost of ownership. The right choice depends on the rate offered, the price difference, and how long you plan to keep the vehicle.