Get Affordable Rates with the Best Car Loans Services of 2020

Having your own car is liberating. Unfortunately, a car loan that makes your debt load intolerable is not.  Fortunately, with today’s technology at your fingertips, you can get a new or used car loan that works with  your budget in minutes.If you’re wondering how to get a car loan or how to refinance a car loan you already have, then this guide is for you. Learn about everything from car loan interest rates to the definition of amortization, and check out these reviews to help you find the best place to get a car loan in 2020.
Get Affordable Rates with the Best Car Loans Services of 2020

Having your own car is liberating. Unfortunately, a car loan that makes your debt load intolerable is not.  Fortunately, with today’s technology at your fingertips, you can get a new or used car loan that works with  your budget in minutes.If you’re wondering how to get a car loan or how to refinance a car loan you already have, then this guide is for you. Learn about everything from car loan interest rates to the definition of amortization, and check out these reviews to help you find the best place to get a car loan in 2020.

1

LendingTree

Industry-leader in auto loan comparisons

LendingTree Car Loans Review

With a large network of top lenders, LendingTree has the tools you need to find the best car loan for your …
  • Repayment terms12-84 months
  • APRStarting at 3.49%
  • Minimum credit scoreNone

LendingTree is one of the most well-known comparison tools online today. The provider has been around for over 20 years, and in that time it has connected millions of borrowers and lenders for the purposes of home purchasing and refinancing, personal loans, credit cards, business loans, and, of course, car loans. 

With a large network of trusted lenders, LendingTree helps borrowers find competitive rates for new and used car loans. By comparing offers side by side, consumers stand a better chance of getting the best car loan rates possible. LendingTree also has tremendous resources to guide consumers through every step of the buying process. For example, the site offers a calculator so that you can see the current new car loan rates on various models. If you’re looking at a specific auto, the calculator will give you a much clearer picture of what to expect.

Positive
  • Excellent mobile app
  • Trusted name in the industry
  • Extensive educational resources
Negatives
  • Not a direct lender
  • Loans are only available from within the United States
2

OneMain Financial

Trusted lender for more than 100 years

OneMain Financial Review

OneMain Financial is a leading service provider in the personal loans industry. It offers a range of personal …
  • Repayment terms24-60 months
  • APR18.00% – 35.99%
  • Minimum credit scoreNone

OneMain Financial serves borrowers who struggle to qualify for car loans the conventional way. If you have a low credit score or low income and are in the market for a new or second-hand vehicle, then you may be familiar with having your auto loan applications rejected. Thankfully, OneMain Financial is here to help with flexible personal loans that can be used for any purpose – including a vehicle purchase.

There are two ways to apply for a personal loan from OneMain Financial: through the user-friendly online platform or at any of the 1,500+ physical branches around the country. You will need to provide some supporting documentation, but thankfully the eligibility requirements are low enough to virtually guarantee your chances of getting approved for a loan.

Positive
  • Fixed rates and fixed payments
  • Streamlined online application
  • Personalized service at 1,500+ branches
Negatives
  • Always includes an origination fee
  • High APRs compared to other auto loan providers
3

MyAutoLoan

Compare multiple loan offers instantly

MyAutoLoan Review

MyAutoLoan is a marketplace of trusted lenders where you can shop around for the top financing terms. The …
  • Repayment terms24-72 months
  • APRAverage: 3.49%
  • Minimum credit score575 or higher

MyAutoloan is another auto loan marketplace that makes comparing loan offers easy and efficient. You can compare up to four offers simultaneously, and with the quick online process, you could have offers in just a few minutes. The service is free, as with all marketplaces, and the online form is totally secure. 

MyAutoloan has multiple financing options, including new and used car loans, private party loans, auto refinancing, and lease buyouts. What’s more, myAutoloan offers great freebies such as APR charts, a car loan interest rate estimator, and a payments calculator. Each tool gives real-time information to help you secure a car loan that you can handle financially.

Positive
  • Free tools and calculators
  • Easy and free online comparison tool
  • Low-interest rates
Negatives
  • Not a direct lender
  • Limited to in-network lenders
4

Gravity Lending

Auto loans and refinance fast

Gravity Lending Review

Gravity Lending is an online marketplace that connects you with other lenders for the best rate and terms. They …
  • Repayment terms25-84 months
  • APRFrom 1.99%
  • Minimum credit score600+

Gravity is a lending marketplace that connects people to multiple lenders for quick auto loans or auto loan refinancing. You can get refinancing on the same day through the company’s streamlined process, with rates as low as 1.79%.

If you have fair credit, Gravity will let you choose between offers from multiple lenders competing for your business.

Positive
  • A+ Better Business Bureau rating
  • Very low starting rates
  • Quick funding
Negatives
  • Must have 600+ credit score
  • Not a direct lender
5

Monevo

Professionals handling your auto loan process

Monevo Review

Monevo is an online lending marketplace that offers consumers an easy way to navigate multiple loan offers quickly …
  • Repayment terms90 days to 144 months
  • APR1.99% – 35.99%
  • Minimum credit scoreDepends on lender

Monevo is one of the most trusted names in the lending industry. It offers consumers a quick and easy way to get multiple offers from reputable lenders for everything from personal loans for a vacation to home improvements or debt consolidation. Monevo’s auto loan products are flexible and trustworthy, as are all of this lender’s services. 

Monevo partners with huge names, including Earnest, LightStream, and Upstart, so consumers can rest assured that they are dealing with top-quality lenders. With APRs starting at just 3.99%, Monevo is one of the best places to get a car loan quote. Monevo partners offer flexible repayment terms that range from 90 days to as much as 144 months, and with its extensive network of lenders, Monevo has partners that will work with any credit score.

Positive
  • Funds as soon as the next day
  • Most trusted names in the industry
  • Low APRs
Negatives
  • Not a direct lender
  • Less information on the website than competitors
6

CarsDirect

Bad credit car loans made easy

CarsDirect Review

CarsDirect is a trusted name in the world of online auto sales and financing. The marketplace platform specializes …
  • Repayment termsVaries based on lender
  • APRVaries based on lender
  • Minimum credit scoreNone

CarsDirect is a new and used car loan marketplace that has been around since 1998. While anyone can get a loan through this service, CarsDirect is particularly well suited for individuals with bad credit or no credit. With its flexible approval requirements, CarsDirect is an obvious choice for anyone who cannot get approved by other lending marketplaces.

CarsDirect differentiates itself from other lending portals by adding a more personal touch to the entire lending process. You’ll work directly with a designated trusted dealer, and you can always come back to CarsDirect with questions. The service is free, it partners with well-known used and new car loan providers, and CarsDirect walks you through each and every step of the process from A to Z.

Positive
  • Works with all types of credit
  • Has a network of trusted dealers
  • Works with trade-ins
Negatives
  • Not a direct lender
  • Considerable upselling
7

car.loan.com

Easy online comparison of top car loan providers

Car.Loan.com Review

Car.Loan.com is an online marketplace for new and used car loans and in-house financing. The provider specializes …
  • Repayment termsVaries based on lender
  • APRVaries based on lender
  • Minimum credit scoreNone

CarLoan.com is a free service that allows you to find several auto loan rate quotes simultaneously. This means you save time and money by filling out just one application form to determine the most competitive rates around. The application process takes a few seconds, and you can expect to receive rate quotes within 48 hours, usually sooner. 

Use CarLoan.com’s online car loan calculator to figure out exactly how much you can afford to pay each month for your car loan. You can also get a ballpark figure of how much you are likely to have to pay per month based on your credit score. This helps you set a budget and plan ahead. What’s more, CarLoan.com partners work with everyone regardless of credit history. So, even if you have bad or no credit whatsoever, you can still get approved for a loan from one of the CarLoan.com partners.

Positive
  • Useful online tools
  • The credit check will not affect your credit
  • Works with all credit scores
Negatives
  • Not a direct lender
  • Site is outdated
8

AutoPay

Easier auto loans for everyone

AutoPay Review

AUTOPAY is a solid option if you have worked to improve your credit score through responsible repayment and money …
  • Repayment terms24 months-84 months
  • APRRefinancing as low as 1.99%
  • Minimum credit scoreNone

AUTOPAY is all about the modern consumer. The lender wants everyone’s auto loan experience to be fast, easy, and smooth. That’s why the application process is entirely online, there is a network of reliable lenders, and loan terms are transparent. Whoever you are paired with, AUTOPAY has your back.

A digital marketplace that connects borrowers with potential lenders, AUTOPAY makes it easy to find the most competitive rates for new car loans and car loan refinancing. The company’s core values are impact, optimism, honesty, and growth. AUTOPAY also offers some useful tools, including a blog loaded with helpful articles.

Positive
  • Easy online process
  • Plenty of educational resources online
  • Straightforward and transparent process
Negatives
  • Only a marketplace, not a lender
  • No direct loan details
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