Auto Loans
Top Auto Loans Companies in 2024
PNC Bank vs Carvana
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Pros
- Private party loans and lease buyouts available
- No prepayment penalties
- Online shopping
- Great starting interest rate on new cars from dealers
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
- Autopay discount only available to PNC customers
- No financing for vehicles over eight years old
- Doesn’t disclose fees
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
Selling Points
- Private party loans and lease buyouts available
- No prepayment penalties
- Online shopping
Selling Points
- Extensive inventory with more than 20,000 vehicles to choose from
- Flexible and multiple financing options
- Doesn't require minimum credit score
Available Car Options
- Used—Undisclosed
Available Car Options
- Used—Undisclosed
Customer Support
- Articles and Videos
- —Undisclosed
- Email Support
- FAQs—Undisclosed
- Help Guides—Undisclosed
- Live Chat—Undisclosed
- 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—Undisclosed
- Doesn't Cover Bad Credit
Eligibility (Credit Score)
- Accepts all Credit Types
- Doesn't Cover Bad Credit—Undisclosed
Features
- APRs (Annual Percentage Rate) Vary
- Mobile Application—Undisclosed
- Requires Minimum Credit Score
- Test Drive—Undisclosed
Features
- APRs (Annual Percentage Rate) Vary
- Mobile Application
- Requires Minimum Credit Score—Undisclosed
- Test Drive
Money-Back Guarantee
- Yes—Undisclosed
Money-Back Guarantee
- Yes—Undisclosed
Multiple Financing Options
- Lease Buyout—Undisclosed
- New Auto
- Private Party
- Refinance
- Used Auto
Multiple Financing Options
- Lease Buyout
- New Auto—Undisclosed
- Private Party—Undisclosed
- 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—Undisclosed
- Mailed Payments—Undisclosed
- Major Credit Cards—Undisclosed
Protection
- Extended Warranty—Undisclosed
- GAP Insurance—Undisclosed
- Limited Warranty—Undisclosed
- Return Policy—Undisclosed
Protection
- Extended Warranty—Undisclosed
- GAP Insurance
- Limited Warranty
- Return Policy