Daisy Watts
Nov 15, 2023
When it comes to buying a car, finding the right auto loan is just as important as finding the right car. With so many lenders and loan options available, it can be difficult to know where to start. Gad Insider takes a look at some of the best auto loan rates in the US.
Best auto loan rates
Consumers Credit Union
Starting at a 6.34% annual percentage rate (APR) — it is the interest charged for borrowing that represents the actual yearly cost of the loan expressed as a percentage — with autopay, Consumers Credit Union offers auto loans of up to $350,000 for qualifying members, and it’s easy to join. The credit union’s rates are fairly competitive and the loans offer several useful features, including a payment skip option and the ability to apply with a co-signer or co-borrower.
PenFed Credit Union
Starting at 5.24% APR, PenFed Credit Union offers auto loans for new and used cars, as well as auto refinancing. The credit union’s rates are competitive, and it offers a variety of loan terms and amounts to choose from. PenFed also offers a car-buying service that can help you find the right car at a good price.
Digital Federal Credit Union (DCU)
Starting at 6.74% APR with autopay, DCU offers auto loans for new and used cars, as well as auto refinancing. The credit union’s rates are competitive, and it offers a variety of loan terms and amounts to choose from. DCU also offers a car-buying service that can help you find the right car at a good price.
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USAA
Starting at 5.99% APR with autopay, USAA offers auto loans for new and used cars, as well as auto refinancing. The credit union’s rates are competitive, and it offers a variety of loan terms and amounts to choose from. USAA also offers a car-buying service that can help you find the right car at a good price.
LightStream
Starting at 7.99% APR with autopay, LightStream offers auto loans for new and used cars, as well as auto refinancing. The lender’s rates are competitive, and it offers a variety of loan terms and amounts to choose from. LightStream also offers a Rate Beat Programme, which will beat any qualifying rate from another lender by 0.10 percentage points.
Alliant Credit Union
Starting at 6.75% APR with autopay, Alliant Credit Union offers auto loans for new and used cars, as well as auto refinancing. The credit union’s rates are competitive, and it offers a variety of loan terms and amounts to choose from. Alliant also offers a car-buying service that can help you find the right car at a good price.
Navy Federal Credit Union (NFCU)
Starting at 4.54% APR, NFCU offers auto loans for new and used cars, as well as auto refinancing. The credit union’s rates are competitive, and it offers a variety of loan terms and amounts to choose from. NFCU also offers a car-buying service that can help you find the right car at a good price.
