Best for Fair Credit- LendingClub, the former peer-to-peer lender, is now in the auto refinance business where it offers very good rates to borrowers with good credit
Best for New Cars- PNC offers great rates for borrowers who have good credit. The bank offers financing for cars model year 2014 or newer.
Best for Credit Union- One of the biggest attractions of a Navy Federal auto loan is the credit union's low interest rates. Navy Federal also features an online Car Buying Center.
Best for Used Car Loans- US Bank's top rates are comparable to other competitors' rates, particularly on used cars and auto loan refinancing.
Best for Bad Credit- Capital One offers easy and reputable auto loans for borrowers with credit scores of 500 or higher. Capital One offers loans as small as $7,500 for used vehicles.
Best for Excellent Credit- If you have a good or excellent credit score, you might want to consider LightStream in addition to Bank of America.
Best overall- Bank of America has excellent rates for auto loans currently. Rates for a new car purchase start as low as 5.79% APR, and a used car could be as low as 5.99% APR
Top 8 Auto Loans in US in 2023 | Top 8 Auto Loans in US in 2023