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
*APR is used to evaluate the true cost of borrowing money and includes the interest rate.
Online used-car dealer with financing
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.
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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