Getting the best auto loan rates can save you thousands of dollars over the course of your loan. We at the MarketWatch Guides team researched the top car loan providers to bring you the best options for financing or refinancing your vehicle. We compared interest rates, industry ratings, and customer reviews to help you make an informed decision.

1. AutoPay: Best Auto Loan Rates

• Starting APR: 4.67% for refinancing or 5.69% for new and used car purchase loans
• Loan amounts: $2,500 to $100,000
• Loan terms: 24 to 96 months
• Availability: 50 states
• Minimum credit score: 560

AutoPay is an online lending marketplace that offers auto loans, lease-buyout loans, and auto loan refinancing. AutoPay also gives you greater flexibility with loan terms, which range from 24 to 96 months. This means you might be able to pay your auto loan off quickly with a shorter term.

Based on our research, borrowers with good credit can find APRs as low as 4.67% for new and used vehicles from AutoPay’s network of lenders. People with bad credit may still qualify for financing since the company’s minimum credit score for applicants is 560.

2. PenFed Credit Union: Best Credit Union Auto Loan

• Starting APR: 5.24% for new cars and 6.49% for used vehicles
• Loan amounts: $500 to $150,000
• Loan terms: 36 to 84 months
• Availability: 50 states
• Minimum credit score: 650

Pentagon Federal Credit Union (or PenFed) offers competitive auto loan rates for both new and used vehicles. PenFed used to be primarily for military members and their families but is now open to the general public.

PenFed’s starting APRs for used vehicles are relatively low at 5.74%. However, to be eligible for those rates, you’ll need to have good credit and use PenFed’s car-buying service. PenFed members get access to special deals, such as cash-back promotions, for shopping at partner dealerships.

However, qualifying for a PenFed auto loan might be hard for some. The credit union only accepts borrowers with credit scores of 650 or higher. In addition, PenFed has a $29 fee for late loan payments.

3. Auto Approve: Best Auto Refinance Rates

• Starting APR: 5.24%
• Loan amounts: $5,000 to $85,000
• Loan terms: 12 to 84 months
• Availability: 50 states
• Minimum credit score: 600

Auto Approve is a loan aggregator for vehicle refinancing and lease buyouts. The company works with a vast network of lenders, including banks, credit unions, and finance companies, to find you the best auto refinancing rates.

Auto Approve can be a good choice if you’re looking to refinance but aren’t sure where to start. Once you apply for a refinance loan with the company, your application is assigned to one of its loan consultants. That person guides you through the entire refinance process, pointing you to the best loan options available and then submitting your application to the lender you choose.

4. Consumers Credit Union: Excellent Credit Union Auto Loan

• Starting APR: 6.54% for new cars and 6.93% for used vehicles
• Loan amounts: No minimum or maximum
• Loan terms: Up to 84 months
• Availability: 50 states
• Minimum credit score: 620

Illinois-based Consumers Credit Union is open to national membership. The lender’s rates are typical for the industry, but its lowest starting APR applies to vehicles made as far back as 2021. That means borrowers who want to refinance cars made in recent model years may get better rates with Consumers than they would getting used car loans with a different provider.

The credit union offers a wide range of terms and loan amounts. Its best auto-loan rates start at 5.54% for cars made in or after 2021. Other starting APRs include 5.79% for cars made from 2017 to 2020, and 7.04% for cars made in 2016 or older. As long as you qualify, you can borrow nearly any amount, with term lengths of up to 84 months.

5. Auto Credit Express: Best Auto Loan for Bad Credit

• Starting APR: Varies
• Loan amounts: Varies
• Loan terms: Varies
• Availability: 50 states
• Minimum credit score: 400

Auto Credit Express is a loan aggregator that specializes in bad-credit auto loans, matching consumers with lenders that meet their needs. We awarded the company with the title “Best Purchase Loan for Bad Credit.”

The company provides extensive tools and blog posts on its website to help you better understand credit and the car loan process. Once you apply for an auto loan, you’ll be able to compare offers from different lenders at the same time.

Auto Credit Express could be a great option for people who have very poor credit and can’t get loan approval from other providers. Its minimum credit score requirement is only 400, which opens eligibility to almost anyone.