Editorial confidence (30%), cost (25%), value (25%), accessibility (20%) — scored consistently across every product, independent of compensation.
At a glance
Minimum FICO accepted: ~575 (Network includes subprime-tier lenders)
Max APR (reported): ~29.99% (Highest subprime tier; varies by lender in network)
Term lengths: 24–72 months (Standard range across network lenders)
Loan amount range: $5,000–$100,000 (Broad range; minimum varies by lender)
Co-applicant support: Yes — cosign supported (Network lenders generally accept co-signers; confirm terms with matched lender)
Who MyAutoLoan is best for
Borrowers who want multiple lender quotes simultaneously to find the lowest rate.
Pros
Single application generates up to 4 competing lender offers — genuine comparison shopping
Covers new auto, used auto, refinance, and private-party loans
Network includes subprime-tier lenders willing to approve below-620 FICO
Quick application — decisions in minutes
Cons
Application triggers multiple soft pulls (which may or may not convert to hard inquiries depending on the lender)
Network model means some offers come from lenders you haven't vetted individually
Highest-APR network lenders can reach near-predatory tiers for lowest-score borrowers
MyAutoLoan requirements
US residents 18+
Vehicle age and mileage requirements vary by network lender
MyAutoLoan alternatives
Capital One Auto Navigator(Capital One) — Borrowers who want to know their actual rate before negotiating with a dealer. Read reviewGet started at Capital One →
MyAutoLoan — Up to 4 competing lender offers in minutes — best for comparison shopping. Best for: Borrowers who want multiple lender quotes simultaneously to find the lowest rate.. Compare it against alternatives before applying; the right fit depends on your situation, credit, and goals.
Questions about MyAutoLoan
How does the MyAutoLoan application process work?
You complete one application on MyAutoLoan's website. The platform submits it to multiple lenders in its network simultaneously and returns up to four offers for you to compare. You choose the offer that fits best, then finalize directly with that lender.
Will applying on MyAutoLoan affect my credit score?
MyAutoLoan's initial submission uses soft inquiries. Whether a hard inquiry occurs depends on the individual lenders you're matched with — each lender's inquiry policy differs. Confirm with any matched lender before accepting an offer if you want to minimize hard pulls.
Does MyAutoLoan work for refinancing an existing auto loan?
Yes. MyAutoLoan supports new auto, used auto, refinance, and private-party loan types. If you want to refinance a current loan to a lower rate after improving your credit, MyAutoLoan is a useful tool for comparing refi offers across multiple lenders at once.
What happens if the lenders in the network offer very high APRs?
For subprime borrowers, some network lenders may quote higher APRs. Review each offer's full APR and total cost of financing before accepting. The CFPB's auto loan resources at consumerfinance.gov can help you understand what terms are reasonable for your credit tier.
How we rate
Every pick gets a 1–5 ClearValue Rating computed from four weighted factors: Editorial confidence (30%), Cost (25%), Value (25%), and Accessibility (20%).
Scored consistently across every product and independent of any compensation. Full methodology →
Advertiser disclosure: some links are from our partners — we may earn a commission at no cost to you. Rankings and editorial assessments are independent of compensation.