At a glance

- Availability
- Affordability
- Customer Experience
- Transparency
About MyAutoLoan
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Loan amount
$5,000 - $8,000
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Min. credit score
575
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APR from
12.4% - 35.99%
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Funds available in
As soon as the next business day
Loan amount
$5,000 - $8,000
Min. credit score
575
APR from
12.4% - 35.99%
Funds available in
As soon as the next business day
It’s easy to find competitive financing offers on myAutoLoan’s website. Still, there are cons to consider before using the platform.
Flexible qualification criteria
Fast funding
Not available in all states
Limited customer support
MyAutoLoan is an online platform that makes it easy to find the best deals on auto financing. You can apply in minutes to view purchase and refinance offers from up to four lenders in its extensive network. There’s no application fee or hard credit check to inquire, and you could be eligible for an auto loan even if you have bad credit. And if you’re approved, you could receive a certificate or check within 24 hours.
Here are some of the benefits and drawbacks of myAutoLoan auto loans.
MyAutoLoan is best for individuals who want to explore multiple loan offers online in one place. It lets you use the simple application to view rate quotes, and loan offers are valid for 30 days. You will also find the platform useful if you’re searching for the best deal on refinancing or lease buyouts.
You can use myAutoLoan to explore competitive auto loan purchase, refinance and lease buyout options.
Auto loan financing is available for new and used car purchases. You can get rate quotes to compare against what your usual financial institution is offering or avoid the long wait at the dealership. Even better, you can shop with confidence as you’ll have the leverage needed to negotiate the best deal with a check in hand.
If your monthly car payments are too much for your budget, consider refinancing your auto loan. You may qualify for a lower interest rate or extended loan term, which can help you keep more of your hard-earned money in your pocket now or over time.
Did you find a good deal on a vehicle through a private seller? Avoid fees and haggling at the dealership with a private party auto loan. MyAutoLoan can help you find a loan fast to ensure you can take advantage of the deal before it’s gone.
A lease buyout loan is an option whether you want to buy out your lease now or when the term expires. It’s also ideal if the car has excessive wear and tear or you’ve exceeded the mileage and want to avoid penalties.
MyAutoLoan offers low interest rates to well-qualified borrowers, but your cost of borrowing will likely be higher if you have a lower credit score. As of April 2022, the rates are as follows:
Loan product | Interest rate | Loan term |
New car purchase | Starting at 1.99% APR | 24 to 72 months |
Used car purchase | Starting at 2.24% APR | 24 to 72 months |
Private party purchase | Starting at 2.99% APR |
24 to 72 months |
Lease buyout | Starting at 1.72% APR | 24 to 72 months |
Refinance | Starting at 1.24% APR | 24 to 72 months |
When applying for auto loan financing with myAutoLoan, you must:
The qualification criteria could be more stringent with some lenders.
If you need additional assistance when applying or would prefer to speak with someone, use the form on the website to send over a note. A member of the myAutoLoan team will respond to your request by phone or email.
Overall Score | 3.9 | |
Availability | 4.5 | MyAutoLoan works with lenders that offer loans in 48 states and have a number of terms and amounts available. |
Affordability | 3.0 | The maximum APR is quite steep at 35.99 percent, but its lenders have a range of extremely low starting APRs — if you have excellent credit. |
Customer Experience | 3.4 | Rates are good for 30 days and myAutoLoan offers a fully online experience, but it doesn’t have a phone number posted or a live chat function. |
Transparency | 4.5 | MyAutoLoan only posts some of its rates and fees, but it does allow potential borrowers to prequalify. |