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Car Loan Rates

The Best Local Rates for New and Used Car Loans


Carloan.com is proud to provide the following car loan rates and information from local and regional lenders. Simply enter your loan amount and loan type to see some of the rates available in your area. Click Get Approved when you're ready to apply. Our application takes just 60 seconds to complete

How to Get the Best Auto Loan Rates

A better rate is the key to saving money on your car purchase. Maybe you can't negotiate the price of your car down by $1,000 but if you can get your car loan rate down by just two percentage points, it could mean $1,000 savings over the life of the loan. Here's what you need to get the best rate:

  • Your Credit Score - Get it here free... No kidding, it's really free.
  • A Down Payment
  • A Trustworthy Loan Advisor

Your Credit Score

It’s no secret that a good credit score means a lower interest rate, but if you don’t know what yours is, how will you know what rate is fair? Plus, if you find that your credit score isn’t as good as you hoped, and you have the time, you can always work to improve it before you buy a car. A little effort could pay big dividends in the form of dollars saved over the life of your loan.

Down Payment

Having a down payment isn’t always a necessity, and sometimes circumstances make it impossible. That’s okay. But putting some of your own cash towards the purchase of your car helps in a couple of ways. First, it lowers your payments. Not only do you have less principle to pay back, your overall interest is lower because you’re financing less. Second, putting some of your own money in the deal is a signal to lenders that you’re fiscally responsible. You not only put money aside for the purchase but you’re probably a good bet to pay back what you borrow. Lower risk for lenders usually means better loan rates for you.

Trustworthy Loan Advisor

Finding a loan advisor who will put your best interests first is a necessary step to getting good rates. Some people have good relationships with their financial institutions and feel comfortable using them. Others might be more interested in shopping around for the best rates. And still others, maybe folks with bad credit, might have fewer options.

No matter which situation you’re in, Carloan.com can help. We have processed over 6 million loan applications since 1989, and over those years, we have built a network of lenders across the nation who are ready to help people with all types of credit find the financing they need for the car they want. It’s easy to apply – just take 60 seconds to fill out our online car loan application and we’ll have one of those advisors get in touch with you right away. You could be driving your new car within 48 hours!

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Check Your Credit Scores

You will need your updated Credit Scores when applying for a car loan.

  • See what lenders see when evaluating your application
  • Get the lowest interest Rate when buying your car
  • Get unlimited access to your 3 Free Credit Scores
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Do I Qualify For A Car Loan?

18 years old or older?
Sorry, you need to be 18 years or older to qualify.
Earn $1,600 or more each month?
Sorry, you need to earn $1,600 or more each month.
Stable in your job and residence?
Sorry, you need to have a stable job and residence.
No repossessions within 1 year?
Sorry, you can't have repossessions within 1 year.
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