An auto loan is when an individual borrows money and uses his or her vehicle as collateral to guarantee the loan. Auto loans offer a lower interest rate for borrowers with fair or poor credit. Click here to see where you qualify for an auto loan.
Springboard AutoGo to Site Read Review
Offers auto financing for new purchases as well as refinancing of current loans. Best fit for 500-680 FICO score
USAA Auto LoansGo to Site Read Review
Very competitive interest rates, especially if receive the extra 0.25% reduction for automatic ACH payments
Finova FinancialGo to Site Read Review
Finova Financial offers auto equity loans when you have bad credit, need a loan, and own a vehicle.
Lightstream Auto LoansGo to Site Read Review
Best for borrowers with good or excellent credit who want to compare rates with what the dealer is offering
TMG Auto Title LoansGo to Site Read Review
Best for consumers who own a car and have a credit score below 640 FICO.
CarFinance.comGo to Site Read Review
Direct lender with terms of up to 72 months; requires monthly income of $2,000. Best for borrowers with lower credit scores.