Auto Loans
Top Auto Loans Companies in 2024
CarsDirect vs PenFed
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Pros
- Doesn’t require a minimum credit score
- 60-second loan request process
- No obligations or fees for loan requests
- Wide range of new and used cars
Pros
- Bonus cash offers on select car models
- GAP Insurance & ADR
- Low APR rates
- Approval within 48 hours
- Competitive APR (annual percentage rate) as low as 2.09%
- Great deals with huge discounts when purchasing a car through its auto-buying service
- Offers for credit union members
- Auto loans can go up to 110% of the vehicle value
- Simple and straightforward online application
Cons
- The interest rate can get high for a low credit score
- Deals with 3rd party dealers
- No general warranty or protection is available on cars, each to its make and model
Cons
- Membership required to get a loan
- Social Security number required with initial application
- Best rates are available only for excellent credit scores
- You need to open a saving account before you can get a loan
Selling Points
- No minimum credit score required
- Connects you with the best lenders for you
- No request fees or obligations
Selling Points
- Bonus cash offers on select car models
- GAP Insurance & ADR
- Competitive APR (annual percentage rate) as low as 0.99%
- Approval within 48 hours
- Great deals with huge discounts when purchasing a car through its auto-buying service
Available Car Options
- Used—Undisclosed
Available Car Options
- Used—Undisclosed
Customer Support
- Articles and Videos—Undisclosed
- —Undisclosed
- Email Support
- FAQs—Undisclosed
- Help Guides—Undisclosed
- Live Chat
- Phone—Undisclosed
- Phone Support
Customer Support
- Articles and Videos
- —Undisclosed
- Email Support
- FAQs—Undisclosed
- Help Guides—Undisclosed
- Live Chat
- Phone—Undisclosed
- Phone Support
Eligibility (Credit Score)
- Accepts all Credit Types
- Doesn't Cover Bad Credit—Undisclosed
Eligibility (Credit Score)
- Accepts all Credit Types—Undisclosed
- Doesn't Cover Bad Credit
Features
- APRs (Annual Percentage Rate) Vary
- Mobile Application—Undisclosed
- Requires Minimum Credit Score—Undisclosed
- Test Drive—Undisclosed
Features
- APRs (Annual Percentage Rate) Vary
- Mobile Application
- Requires Minimum Credit Score
- Test Drive
Money-Back Guarantee
- Yes—Undisclosed
Money-Back Guarantee
- Yes—Undisclosed
Multiple Financing Options
- Lease Buyout—Undisclosed
- New Auto
- Private Party—Undisclosed
- Refinance
- Used Auto
Multiple Financing Options
- Lease Buyout
- New Auto
- Private Party
- Refinance
- Used Auto
Payment Options
- Automatic Payments (ACH Transactions)
- Cash—Undisclosed
- Cash Payments
- Debit or Credit cards
- Mailed Payments—Undisclosed
- Major Credit Cards—Undisclosed
Payment Options
- Automatic Payments (ACH Transactions)
- Cash—Undisclosed
- Cash Payments
- Debit or Credit cards
- Mailed Payments
- Major Credit Cards—Undisclosed
Protection
- Extended Warranty—Undisclosed
- GAP Insurance—Undisclosed
- Limited Warranty—Undisclosed
- Return Policy—Undisclosed
Protection
- Extended Warranty
- GAP Insurance
- Limited Warranty—Undisclosed
- Return Policy—Undisclosed