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Bankrate auto loan reviews

With so many options, finding the best auto loan for you and your needs can be a challenge. Before heading to the dealership, explore what loan options are available. The lenders we rate and review offer a range of amounts, terms and interest rates — so whether this is your first car, or you are looking to refinance your current loan, you'll be able to fully investigate potential financing choices before you hit the road. 

All lender reviews

4.8
Rating: 4.8 stars out of 5
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4.7
Rating: 4.7 stars out of 5
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Navy Federal has been serving military members and their families since 1933 after opening as a credit union for naval employees.
4.6
Rating: 4.6 stars out of 5
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Consumers Credit Union (CCU) is a membership-based credit union that offers new, used and auto refinance loans. While you must be a member, acceptance is only a $5 fee and a deposit of another $5 or more to one of its bank accounts.
LendingClub logo
4.5
Rating: 4.5 stars out of 5
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You may know LendingClub as a peer-to-peer (P2P) lending source for personal loans, but it can also help you with auto loan refinances. LendingClub offers a non-traditional approach to financing.
4.5
Rating: 4.5 stars out of 5
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With a nationwide footprint and a large branch network, U.S. Bank is a great option for auto loan borrowers who prefer the convenience of in-person customer service.
PenFed Credit Union logo
4.4
Rating: 4.4 stars out of 5
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Pentagon Federal Credit Union, more commonly known as PenFed, is a credit union that offers loans for new and used car loans, auto refinance loans and lease buyout loans.
4.4
Rating: 4.4 stars out of 5
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Carvana is available to consumers looking to purchase a vehicle on Carvana’s website and have it delivered to their doorstep or using a “car vending machine” in their local area.
4.3
Rating: 4.3 stars out of 5
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4.2
Rating: 4.2 stars out of 5
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RateGenius is an online platform that connects borrowers with lenders that offer auto refinancing. On average, it claims its users save $96 per month when refinancing their auto loan through RateGenius.
4.2
Rating: 4.2 stars out of 5
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Autopay is an online lending marketplace that helps consumers find the best deal on auto loan financing. You can view potential loan offers from lenders in their network in minutes without impacting your credit score.
PNC logo
4.2
Rating: 4.2 stars out of 5
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PNC Bank is one of the biggest banks in the U.S., with more than 2,600 branches across the country.
LightStream logo
4.2
Rating: 4.2 stars out of 5
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LightStream is an online lender that offers unsecured auto loans for new car purchases and used car purchases, as well as auto loan refinancing.
4.1
Rating: 4.1 stars out of 5
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Tenet, an online EV loan platform, has a simple mission, says founder Alex Liegl, "To help anyone drive electric for less.” Founded in 2021, Tenet has already enabled many climate-conscious drivers to make the switch to electric. Tenet offers financing for electric vehicles along with the option to refinance current EV loans.
Upstart logo
4.1
Rating: 4.1 stars out of 5
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Upstart is an online lender that was established in 2012. It has pioneered a new approach to lending by using AI technology to determine risk rather than more traditional underwriting criteria.
4.1
Rating: 4.1 stars out of 5
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Caribou, formerly known as MotoRefi, offers competitive auto refinance loans through its network of lenders. These lenders range from credit unions to community banks
4.1
Rating: 4.1 stars out of 5
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CarMax serves drivers across the country who want to purchase used vehicles. It has recently dove into the remote purchase space, providing drivers with the ease of vehicle delivery and financing all on one site.
4.1
Rating: 4.1 stars out of 5
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Capital One offers auto loans for new and used car purchases at select dealerships. The lender also provides refinancing on current auto loans.
4
Rating: 4 stars out of 5
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4
Rating: 4 stars out of 5
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USAA is a Texas-based company that serves U.S. military members and veterans, pre-commissioned officers and spouses and children of either. Members can take out auto loans for new and used vehicles and refinance existing ones.
4
Rating: 4 stars out of 5
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Westlake Financial serves drivers looking to purchase and finance their next vehicle and partners with over 30,000 dealerships across all 50 states.
4
Rating: 4 stars out of 5
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If you want to refinance your vehicle loan, iLending may be the right place to start. iLending provides refinancing options for most vehicle loans with the goal of saving you money.
4
Rating: 4 stars out of 5
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MyAutoLoan is an online platform that makes it easy to find the best deals on auto financing.
4
Rating: 4 stars out of 5
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Nationwide Bank does not directly provide refinance auto loans to drivers, but serves customers through its relationship with Axos Bank.
3.9
Rating: 3.9 stars out of 5
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M&T Bank serves drivers primarily on the east coast in banking products ranging from credit cards and insurance to lending.
3.9
Rating: 3.9 stars out of 5
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Ally Clearlane, a subsidiary of Ally Financial Inc., is a direct lender that offers a streamlined digital auto financing experience for individuals looking to refinance their current vehicle or buy out their lease.
3.9
Rating: 3.9 stars out of 5
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RefiJet is an auto refinancing company that caters to individuals seeking better terms on their auto loans and a simpler way to rate shop.
Bank of America logo
3.9
Rating: 3.9 stars out of 5
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Bank of America works directly with authorized dealers across the country to provide financing for over two million available vehicles.
3.8
Rating: 3.8 stars out of 5
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Shift, an e-commerce platform states its goal is to make the used car buying process seamless throughout the entire lifecycle of vehicle ownership — from purchasing all the way to selling. Much like its competitors, Carvana and Vroom, Shift supports a direct delivery process that allows buyers to benefit from car buying and financing all from the comfort of home.
3.8
Rating: 3.8 stars out of 5
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Credit Direct is a personal loan marketplace that lends both directly and through its trusted partner network to borrowers looking for loans.
3.7
Rating: 3.7 stars out of 5
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Fifth Third Bank, a regional financial institution headquartered in Cincinnati, offers auto loans for new and used vehicles and auto refinance loans to its members that hold checking and savings accounts.
3.7
Rating: 3.7 stars out of 5
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With about 1,500 branches across the U.S., Regions Bank offers auto loans to drivers who prefer the convenience of in-person communication while still having the option to access their loan online.
3.6
Rating: 3.6 stars out of 5
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3.6
Rating: 3.6 stars out of 5
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Vroom, an online used vehicle selling platform. While Vroom does not offer financing itself, it works with over a dozen banks and lending partners to coordinate financing for drivers.
3.6
Rating: 3.6 stars out of 5
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Auto Credit Express serves as a lender marketplace primarily serving drivers with poor credit, no credit and those who have been denied previously due to bankruptcy.
3.6
Rating: 3.6 stars out of 5
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CarsDirect is not a direct auto lender but rather a marketplace that presents drivers with loan options directly from its network.
3.5
Rating: 3.5 stars out of 5
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While much of Valley Bank's process is not disclosed online, borrowers can gain access to financing for both new and used vehicles in person or online with a competitive maximum APR.
OpenRoad Logo
3.4
Rating: 3.4 stars out of 5
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If you want to refinance to find better rates or terms, consider loan marketplace OpenRoad Lending for dedicated customer support.
3.4
Rating: 3.4 stars out of 5
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Tresl partners with lenders throughout the U.S. to offer auto financing at competitive rates. It is not a direct lender but an online platform.
3.2
Rating: 3.2 stars out of 5
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Wells Fargo, a national bank founded in 1852, serves customers across the United States. Its suite of products includes personal and commercial banking, investing and loans.
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