Compare Auto Loans
Compare purchase and refinance auto loans side by side using current verified rates, loan amounts, repayment terms, fees, vehicle restrictions and MarketReview review context. Filter by financing type first, then compare the lenders that actually fit your transaction.
Choose up to three auto loans
Search by provider or product, then use the financing-type filters to compare purchase and refinance options in one workspace.
Ally Auto Refinance
Direct online refinancing
Ally Lease Buyout Loan
Dedicated lease-buyout financing
AUTOPAY Auto Loan
Broader-credit marketplace access
AUTOPAY Auto Refinance
Comparing refinance lenders
Bank of America Auto Loan
Existing BofA Rewards customers buying from eligible dealers
Capital One Auto Loan
Shoppers who want soft-pull prequalification tied to actual participating-dealer inventory
Capital One Auto Refinance
Transparent prequalification
Caribou Auto Refinance
Comparing refinance offers
Chase Auto Loan
New- or used-car shoppers buying from a Chase network dealer who want soft-pull prequalification before a full application
Chase Auto Refinance
Transparent prequalification
DCU Auto Loan
Members who want credit-union pricing with high-LTV flexibility on new or used vehicles
DCU Auto Refinance Loan
High-LTV refinancing
myAutoloan Auto Loan
Comparing lease-buyout offers
myAutoloan Auto Refinance
Comparing up to four refinance offers
Navy Federal Auto Loan
Eligible members who want competitive published rates and a 90-day dealer preapproval
Navy Federal Auto Refinance Loan
Low refinance rates
OpenRoad Lending Auto Refinance
Fast refinance decisions
PenFed Auto Loan
Borrowers who want soft-pull prequalification and flexible dealer or private-seller financing
PenFed Auto Refinance Loan
Soft-pull refinancing with high-LTV flexibility
PNC Auto Loan
Branch-assisted private-party financing
PNC Auto Refinance Loan
PNC checking relationship discount
U.S. Bank Auto Loan
Buying out another lender's lease
U.S. Bank Auto Refinance
Online refinance convenience
Compare the auto loan differences that matter
Compare current verified borrowing terms, vehicle restrictions and MarketReview editorial context. Purchase financing and refinancing remain distinct canonical products even when they come from the same provider.
Compare the same financing decision before comparing lenders
An auto-loan table becomes misleading when the products are solving different problems. A purchase loan finances a vehicle you are about to buy. A refinance loan replaces financing that already exists. Private-party financing changes how the seller is paid and how title work is handled. A lease buyout finances the purchase of a vehicle that is already under lease. These products can all appear in one MarketReview workspace, but the first comparison should usually stay inside the same financing decision.
Use the filters above to narrow the product rail before choosing lenders. If you are buying a new car, compare products that actually support new-car purchase financing. If you are refinancing, compare dedicated refinance products rather than assuming the provider's ordinary purchase loan uses the same APR, vehicle rules or existing-lender restrictions. MarketReview keeps purchase and refinance as separate canonical product identities for exactly this reason.
New and used are different from refinance. MarketReview treats new-car and used-car support as dimensions of the purchase product because lenders define those categories differently by model year, mileage and sometimes transaction channel. That is why the table can show vehicle eligibility alongside loan purpose. A vehicle one lender classifies as new may fall into another lender's used bucket.
The cleanest workflow is to filter first, select two serious candidates and use a third product only when it adds a useful benchmark. The third lender can show whether an apparent advantage is unique or simply common in the market. If two lenders are already solving different transactions, the extra columns create more noise rather than more clarity.
Private-party and lease-buyout filters deserve the same discipline. A lender that supports dealership purchases may not support a private seller, and a provider that advertises ordinary purchase financing may handle lease buyouts through a distinct program. Start with the transaction you actually need, then compare rates and terms inside that lane.
APR only means something after you understand what the quoted rate represents
APR is often the first number borrowers compare, but auto-loan pricing can be presented in several different ways. One lender may publish a true starting APR. Another may show a representative example. A marketplace may publish the lowest recent rate available through its lender network. A bank may show a range that already assumes an autopay or relationship discount. Those figures should not be treated as interchangeable.
Use the APR row to identify the pricing structure, then read the conditions attached to it. A low advertised floor may require excellent credit, a short repayment term, a specific vehicle class, automatic payments or membership. A marketplace rate may describe what a participating lender recently offered rather than what the marketplace itself lends at. A representative example can be useful context without being a promise.
The strongest comparison comes from approved or prequalified offers for the same approximate balance and term. If one lender shows 5% for 36 months and another shows 6% for 72 months, the first rate is lower but the two offers are not answering the same payment question. Normalize the term before deciding which APR actually wins.
For refinancing, compare the new APR against the rate on the debt that remains, not the rate you originally signed years ago if the balance and remaining term have changed. For a vehicle purchase, compare the outside lender with dealer or manufacturer financing using the same vehicle price. A subsidized manufacturer rate can be cheaper than an otherwise strong bank or credit-union offer, but only if the vehicle price and incentives are also comparable.
Also separate rate discounts from base pricing. A quarter-point relationship or autopay discount can be valuable, but only if you qualify and intend to keep the required account or payment setup. Compare the rate you will actually maintain, not a discount you may lose after closing.
Loan amount and vehicle value matter differently for purchases and refinancing
A large maximum loan amount can look like flexibility, but it does not tell you whether borrowing that much is a good decision. For a purchase, compare the amount financed with the vehicle price, taxes, fees, down payment and any negative equity being rolled from a trade-in. A lender that allows a high advance can make the transaction possible without making the transaction inexpensive.
For refinancing, the same issue appears through loan-to-value. The payoff on the current loan can be higher than the vehicle's market value. Some lenders tolerate that gap more readily than others. A high-LTV refinance can be valuable when it lets a borrower replace an expensive loan that another lender would decline, but the refinance does not erase the negative equity. The full balance still has to be repaid.
This is also why a missing loan-amount value should not be silently turned into an unlimited range. MarketReview displays current canonical amounts only when the product record supports them. Some providers publish one overall minimum and maximum. Others disclose amount rules only in specific term, vehicle or underwriting contexts. The table should preserve that distinction.
When an approved offer requires cash to close because the payoff exceeds the lender's acceptable vehicle value, add that cash requirement to the comparison. A lower APR can still be unattractive if the borrower has to make a large immediate paydown that another lender does not require. For cash-out refinancing, reverse the question and ask whether increasing the secured balance is worth the additional cash received.
For purchases, a high maximum can also encourage unnecessary borrowing. Compare the amount you need, not the amount the lender is willing to approve. The strongest lender is the one that finances the right transaction on competitive terms, not the one that lets you borrow the most.
A lower monthly payment can hide a more expensive loan
Repayment term is one of the most important rows in an auto-loan comparison because it controls how long interest can accrue. A longer term usually lowers the required monthly payment. That can improve cash flow, but it can also increase total interest and keep debt attached to the vehicle long after the strongest years of its useful life.
For purchases, start with the shortest term that produces a comfortable payment rather than the longest term a lender will approve. A seven-year loan can make a more expensive vehicle look affordable while increasing the risk that the loan balance stays above the vehicle's value for a long period. The same logic applies to a five- or six-year-old used vehicle that is financed for many additional years.
For refinancing, compare the proposed term with the number of payments remaining on the current loan. If 36 months remain and a new lender offers 72 months, the payment may fall dramatically even if total interest rises. That can still be an intentional payment-relief strategy, but it should not be described as pure savings.
Use the differences-only control after you have selected products. If all three lenders offer roughly similar term flexibility, the term row may stop being the deciding factor and the comparison can shift toward APR, vehicle restrictions, rate-check treatment or fees. If one lender's longest term is available only above a minimum balance or below a mileage threshold, treat the condition as part of the term rather than a separate footnote.
When two offers have different terms, calculate the total scheduled payments and the expected ownership period. A loan that extends well beyond how long you plan to keep the vehicle can make the next trade-in more difficult, even if the payment feels comfortable today.
Vehicle eligibility can eliminate a lender before the rate matters
Auto loans are secured by a depreciating asset, so lenders care about more than the borrower. Model year, mileage, title condition, vehicle class and transaction type can determine whether the collateral is acceptable. This makes vehicle eligibility one of the most important differences to compare before spending time on a full application.
Do not assume every lender uses the same definition of new and used. Some lenders use model year alone. Others combine model year with mileage. A very recent vehicle with high mileage can be treated as used even when the owner still thinks of it as nearly new. The relevant category is the lender's definition because that definition can affect APR and maximum term.
Refinance products can add another layer. One lender may accept vehicles with relatively high mileage but require a newer model year. Another may publish a tighter mileage ceiling but broader age rules. Long repayment terms often carry stricter collateral requirements than shorter terms. A vehicle can therefore qualify for refinancing while failing the lender's 72- or 84-month option.
Title history matters too. Salvage, branded, flood, fire, lemon-law buyback, multiple-lien or unrepaired-damage vehicles are commonly restricted, but the exact exclusions vary. Commercial or rideshare use can also move the vehicle outside a consumer auto-loan program. When the table says Not verified for a vehicle rule, open the full review or provider disclosure rather than assuming the lender accepts the car.
For private-party purchases, vehicle eligibility and transaction eligibility have to work together. A lender may finance the exact vehicle when bought from a dealer but use a different process or refuse the same car when the seller is an individual. The purpose row and vehicle row should be read together.
Rate checks, membership, state rules and the current lender can change the practical winner
Two loans with similar APRs can create very different application experiences. A soft-pull prequalification lets a borrower see likely pricing without affecting the credit score. Another lender may require a hard inquiry before showing personalized terms. A marketplace may use a soft inquiry at the platform level while the matched lender later performs a soft or hard pull of its own.
That distinction is especially useful when you already have a loan and are only testing whether refinancing is worthwhile. A no-impact rate check can eliminate an uncompetitive lender before the borrower commits to a hard inquiry. For a purchase, prequalification can establish a budget and create an outside benchmark before entering dealership financing.
Access rules matter beyond credit. Credit unions can require membership even when joining is straightforward. Banks may offer a discount only when automatic payments come from an eligible checking account. Some refinance products exclude specific states. Others refuse to refinance their own existing auto loans or require the current financing to be several months old before a replacement loan is allowed.
Use these rows to distinguish a theoretical low rate from a loan you can actually use. A lender that is 0.10 percentage point cheaper but unavailable in your state is not a competitor. A relationship discount is not your rate unless you intend to maintain the qualifying account setup. An internal-refinance restriction matters only when that institution already holds your current loan.
Also consider the application channel. Some lenders can complete the process fully online, while others rely more heavily on branch, phone or dealer interaction for specific transactions. Convenience should not beat a materially cheaper loan, but it can break a tie between otherwise similar offers.
Direct lenders and marketplaces should be compared differently
The Auto Loans inventory includes banks, credit unions, direct finance companies and marketplaces. They can all help finance a vehicle, but the provider model changes what a displayed rate or fee means.
With a direct lender, the institution shown in the product name generally controls underwriting, funding, the final loan agreement and servicing. Its published APR, term and eligibility disclosures describe its own loan program. That makes the product easier to standardize, although the final approved offer can still differ from the public headline.
A marketplace such as AUTOPAY, myAutoloan or Caribou can create competition by matching the borrower with participating lenders. That can be valuable when you do not know which lender will price your profile best. The tradeoff is that the final APR, term, fee structure, title process and credit inquiry can belong to the matched lender rather than the marketplace itself.
Do not compare a marketplace's network-wide rate floor with a direct lender's guaranteed approved rate as though they are the same kind of number. Use the marketplace to surface offers, then compare the actual winning lender contract with the direct-lender offer. The relevant question is not whether one provider model is inherently better. It is whether the process produces a loan with better total cost and acceptable restrictions for your transaction.
Servicing matters after closing too. With a direct lender, you usually know who will own or service the loan from the beginning. With a marketplace, confirm the identity of the funding lender before signing so you understand where payments, payoff requests and future customer service will be handled.
Use Not verified as a prompt to investigate, not as a negative score
MarketReview does not convert a missing canonical fact into a reassuring zero, no or none. If a current product record does not support a displayable value, the table uses Not verified. That can mean the provider does not publish one universal value, the rule varies by lender or transaction, or the canonical record has not verified a safe display value.
Not verified is therefore different from a verified statement such as no origination fee or no prepayment penalty. Treating the two as equivalent would systematically favor products with incomplete data. The comparison table is designed to fail closed rather than fill gaps with assumptions.
When a missing row could change your decision, move from the table to the full MarketReview review. The review can explain conditions that do not fit cleanly into one comparison cell, such as regional loan-to-value rules, a refinance seasoning requirement, the difference between a marketplace inquiry and a lender inquiry, or why one advertised rate applies only to a particular term.
The provider's final disclosure remains the authority for the loan you actually sign. Use the table to identify differences, the review to understand context and the lender's approved offer to make the final decision. A comparison tool is most useful when it tells you where the important differences are, not when it pretends every financial product can be reduced to one perfect grid.
Before closing, recheck the terms that can change quickly: APR, discounts, loan amount, state availability, vehicle restrictions and fees. MarketReview's table is a research tool, not a substitute for the final contract.
Compare the financing context before the headline rate
This comparison uses the current canonical Auto Loan inventory and keeps purchase financing, refinance, private-party support and lease-buyout support explicit. Product facts such as APR, loan amount, repayment term, fees, rate-check treatment, vehicle rules, membership, availability and existing-lender restrictions are shown only when the canonical record supports a displayable value.
Ratings, Best For positioning, strengths and drawbacks come from linked MarketReview Review context when available. New and used vehicle support remains lender-defined eligibility data rather than separate universal product identities. Marketplaces and direct lenders are both included, but marketplace network rates are not treated as if the marketplace itself made one standardized loan.
Affiliate availability does not determine which products can be compared, how they are ordered, their ratings or the editorial conclusions shown here. Use the side-by-side table to narrow the decision, then confirm consequential terms in the full review and the provider's final approved disclosure before signing.
For a fair comparison, keep the transaction type, approximate amount and desired term as consistent as possible. When those inputs differ, identify whether a lower payment comes from a lower APR, a longer term or both. MarketReview does not infer a missing fee, rate, membership rule, state rule or vehicle restriction merely to make the grid look complete.