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Auto Loans for Good, Fair and Bad Credit

Auto Loans, Loans

It’s smart to shop for the right auto loan, with the lowest interest rate, before you buy your next car. It puts you in a stronger negotiating position and saves you money over the life of your car loan.

Find your best interest rate by comparing multiple auto loan offers. Learn more below about what you need to know before you apply.

If you already have a loan, you may be able to save money by refinancing your auto loan.

Car loans for good, fair and bad credit

MyAutoLoan
Get started at myAutoloan

Minimum FICO

500

APR*

1.99% - 24.9%
(average: 13.88%)

Loan amount

$7,500 - $100,000
(max term: 84 months)

LightStream
Get started at LightStream

Minimum FICO

660

APR*

3.09% - 7.69%
(with AutoPay)

Loan amount

$5,000 - $100,000
(max term: 84 months)

Capital One
Get started at Capital One

Minimum FICO

500

APR*

As low as 3.24%
(for excellent credit)

Loan amount

$4,000 - $40,000
(max term: 72 months)

SpringboardAuto.com
Get started at SpringboardAuto.com

Minimum FICO

500

APR*

As low as 5% 
(max varies by state)

Loan amount

$7,500 - $45,000
(max term: 72 months)

CarFinance
Get started at CarFinance

Minimum FICO

525

APR*

6.7% - 13%
(average: 10.4%)

Loan amount

$7,500 - $45,000
(max term: 72 months)

*APR is used to evaluate the true cost of borrowing money and includes the interest rate.

Online used-car dealer with financing

Carvana
Get started at Carvana

Minimum FICO
300

Financing for
Carvana vehicles
(with fixed prices)

Loan amount
Varies
(based on price)

Estimate your monthly payment

Before you apply, use this auto loan calculator to estimate your monthly payment. It’s recommended that your car expenses not exceed 20% of your take-home pay.

Nerdy tip

If you make consistent, on-time payments and your credit score improves, you may be able to refinance your car loan to get a better rate and lower your monthly payment.

Shopping for the best auto loan

Shopping for the best rate on your auto loan before you head to the dealership not only saves you money on your loan, but it can also help you get a better deal on your car. Here are some key considerations when shopping auto loans:

 

Source for credit range information in calculator: State of the Automotive Finance Market, Experian Information Solutions, Inc.


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