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The Best Auto Loan Services in the United States of America

Auto Loans
No-haggle car buying can be a worry-free process, you can get a competitive rate and make smart financial decisions by reading through our top auto loan services.

You must have been shopping around to find the best auto loan provider for you. Our list can help you compare a variety of lenders in terms of interest rate, requirements, and different financing options to guarantee that you’re making the right decision.

Find the Best Companies in Auto Loans

Average Approval Time
- Same-day approval
Maximum Loan Amount
- $80,000
Maximum Loan Term
- 84 months or 7 years
A national financial services provider specializing in auto refinancing. It has been honored as one of the Best Places to Work by the Denver Business Journal and has also been named the fastest-growing private company by Inc. 500.

Pros

Work with low credit scores
Simple and quick application process
Each customer receives a dedicated loan consultant
A nationwide network of financial institutions ensures competitive rates

Cons

Customers cannot take out new auto loans with iLending
Mileage and vehicle age limits may prevent some borrowers from refinancing
There is no in-person representation for going through the process
Average Approval Time
- Same-day approval
Maximum Loan Amount
- $50,000
Maximum Loan Term
- 72 months, or six years
A financing company that offers auto loans for people with good and bad credit. It has been providing customer with loan offers from their network of banks and lenders for 20 years.

Pros

Multiple Loan Offers
National Lender Network
Bad Credit Is OK
Loan Calculators

Cons

Phone Calls From Lenders
Must Provide Personal Info
Loan Rates Depend On Lender
Average Approval Time
- 3 days
Maximum Loan Amount
- N/A
Maximum Loan Term
- 102 months
Whether it’s a brand new convertible that’s just for you or a practical sedan for the whole family, Jovia will offer you an auto loan when you’ve found a suitable car for you. Or, if you’re just starting to search for one, they can help you research and find your perfect car.

Pros

100% financing
No prepayment penalties
NCUA insured

Cons

Has late payment fees
Only finances personal use vehicles
Membership is required
Online application portal is broken
Average Approval Time
- 5 minutes or less
Maximum Loan Amount
- N/A
Maximum Loan Term
- 96 months
Whether you’re looking to buy a new or used car, or even want to refinance your auto loan from another lender, Navy Federal Credit Union are here to help.

Pros

90-day preapproval period
Allow co-applicants
Offer discounts for active-duty and retired military members
Offer financing for leisure vehicles

Cons

Narrow membership eligibility
Previous CFPB action
Mixed customer reviews
Average Approval Time
- 2 Minutes
Maximum Loan Amount
- $85,000
Maximum Loan Term
- 72 Months
Is one of the leading companies in the US that offer multiple financing options and flexible solutions no matter your credit score.

Pros

Doesn’t require a minimum credit score
Prequalification is valid for 45 days, giving the borrower enough time to decide
Carvana prequalification doesn’t affect credit score
Used cars are in great condition and meet Carvana’s high standards
Cars delivered as soon as the next day

Cons

Requires no current bankruptcies
Monthly income must be $833 or above
The interest rate can get high for poor credit score
Vehicle selection is limited to Carvana’s own inventory of used vehicles
Average Approval Time
- 24 hours
Maximum Loan Amount
- $150,000
Maximum Loan Term
- 84 Months
Offers one of the lowest APR (annual percentage rate) on the car market. For members and those who serve or have served in the military, its rates are as low as 2.09%, with many offers and discounts in case you decide to purchase a vehicle through TureCar, PenFed's auto-buying service.

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

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
Average Approval Time
- 2 Days
Maximum Loan Amount
- $99.000
Maximum Loan Term
- 84 Months
Gives you the chance to choose among the best auto loan offers and compare them so that you can feel confident with your financial decision.

Pros

Reasonable interest rates that vary based on credit score and loan amount
Secure and simple online application
Buyers can choose from 4 different lending offers, and compare them to weigh their options
Various financing solutions that cover new vehicles, used vehicles, refinance, private party, and lease buyout

Cons

No protection or warranty options
Different rules offered by different lenders
Average Approval Time
- Depends on the type of lender
Maximum Loan Amount
- $100,000
Maximum Loan Term
- 84 months
Offers low and fixed interest rates ranging from 3.49% –  20.49%, with no restrictions on mileage, making it more flexible for the borrowers to have any car of their choice, and you can get your funds as soon as the same day of applying.

Pros

No restrictions on mileage, car model or make
$100 back for borrowers who are not satisfied with their loan
Cash deposit as soon as the same day
Interest rates are low compared to other lending companies
Predictable payments due to the fixed APR rates

Cons

Lowest rates are available only for excellent credit score
Lack of multiple support options, unless you're a customer already
Average Approval Time
- 48 Hours
Maximum Loan Amount
- $20,000
Maximum Loan Term
- 60 Months
the OneMain difference is always you! Get the loan that suits you best.

Pros

Doesn't require a minimum credit score
Offers secured and unsecured personal loans
OneMain prequalification doesn't affect credit score
Offers small loan amounts
Loans can be received in the same day if approved by noon

Cons

Charges origination fee
Interest rates are higher than other lenders
Large loan amounts require a lien on an automobile
Average Approval Time
- Unknown
Maximum Loan Amount
- $50,000
Maximum Loan Term
- 72 Months
Customer's most trusted lender, get prequalified in minutes and see your best options!

Pros

Doesn’t require a minimum credit score
Allows co-applicants
CapitalOne prequalification doesn’t affect credit score
Cars’ ages not older than 12 years

Cons

The interest rate can get high for a low credit score
Monthly income not less than $1500
Not available in every state