Live offers across tracked providers in United States — updated daily from the Giraffy database.
19 live offers compared from 16 providers, from $0. Updated daily.
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Lowest rates for excellent credit. No fees. Same-day funding. New/used/refinance.
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100% online car buying with integrated financing. Bad-credit options. 450+ FICO accepted.
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Chase MyAutoCar buying service with competitive financing at 11,000+ dealers.
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Pre-qualify without affecting credit score. Large dealer network. Fair-credit options.
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Financing at 22,000+ dealerships. New/used/lease options. One of the top US auto lenders.
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Finance your CarMax purchase. In-house and third-party financing. No-haggle pricing.
$0 from 0.9 APR
$0 from 0 APR
$0 from 0 APR
$0 from 0 APR
$0 from 5.99 APR
$0 from 6.29 APR
$0 from 5.99 APR
$0 from 5.29 APR
$0 from 5.49 APR
$0 from 6.49 APR
$0 from 7.99 APR
$0 from 6.99 APR
$0 from 7.09 APR
Car finance covers the ways Americans pay for a vehicle over time rather than in cash, chiefly the auto loan, where you borrow to buy and own the car, and leasing, where you pay to use it for a term. Auto loans are the dominant form, secured by the vehicle itself, with fixed monthly payments over a term of typically three to seven years. You can finance through a dealer, a bank, a credit union or an online lender.
Buyers can get pre-approved by a bank, credit union or online lender before shopping, or take dealer financing arranged at the point of sale, often through the manufacturer's captive finance arm. Rates depend on your FICO score, the loan term, whether the car is new or used, and the down payment. Because the loan is secured, rates are lower than unsecured personal loans, but missing payments can lead to repossession. Refinancing an existing auto loan is common when rates or credit improve.
Ownership — An auto loan builds equity toward owning the car outright once paid off.
Lower secured rates — Because the car is collateral, APRs are lower than unsecured borrowing.
Pre-approval leverage — Arranging financing in advance lets you negotiate as a cash buyer and compare dealer offers.
Flexible terms — Terms from three to seven years let you balance monthly payment against total interest.
Get pre-approved from a bank, credit union or online lender first so you know your rate and can compare it against dealer financing. Focus on the APR and total interest rather than just the monthly payment, and avoid stretching the term so long that you owe more than the car is worth. Compare captive-lender promotional rates (sometimes 0% on new cars) against outside offers, budget for a solid down payment to lower the loan, and consider whether leasing fits if you prefer lower payments and a new car every few years.
Banks and online lenders LightStream, Chase, Capital One and Ally Bank are major auto lenders, with Capital One and Ally especially active in dealer-arranged and refinance loans. Navy Federal and other credit unions often offer some of the lowest rates to members. Manufacturer captive arms like Honda Financial Services and GM Financial provide promotional financing on their brands. Online car retailers Carvana and CarMax bundle financing directly into their car-buying process.
Auto loan APRs vary with credit and loan type, ranging from promotional 0% offers on new cars for top-credit buyers up to the high teens or more for used cars and weaker credit. Used-car loans generally carry higher rates than new-car loans. The main costs are interest over the term and, potentially, dealer add-ons like extended warranties. A larger down payment and shorter term reduce total interest, while long terms lower the payment but cost more overall.
Auto lending is governed by the federal Truth in Lending Act, enforced by the CFPB, which requires clear disclosure of the APR, finance charge and total cost. Fair-lending laws prohibit discrimination, and the FTC regulates dealer advertising and add-on practices. State laws govern repossession procedures and title requirements. Because loans are secured, defaulting can lead to repossession, but borrowers retain rights to notice and, in some states, to reinstate the loan.
Should I get pre-approved? Yes—pre-approval reveals your real rate and strengthens your negotiating position at the dealer. Is dealer 0% financing a good deal? It can be for strong-credit buyers, but sometimes you trade a rebate for the low rate, so compare total cost. Loan or lease? Buy with a loan if you keep cars long-term; lease if you prefer lower payments and a new vehicle every few years.
The cheapest Car Finance in United States is $0 from 6.49% from LightStream.
Giraffy tracks 5 auto loan products across LightStream,Carvana,Chase,Capital One,Ally Bank lenders in United States. The lowest APR tracked is currently $0 from 6.49%. Compare by APR to find the most cost-effective way to finance your vehicle.
Common auto loan types include direct lending from a bank or credit union, dealer financing arranged at the showroom, and personal loans. Direct and credit union loans typically offer the best rates. Getting pre-approved before visiting a dealer puts you in a stronger negotiating position.
Most mainstream lenders require a fair to good credit score. Specialist lenders offer auto loan to those with poor or limited credit history, but typically at higher APRs. Check your eligibility using a soft-search tool before applying to avoid unnecessary hard searches on your credit file.
Yes — specialist lenders offer auto loan to borrowers with a poor credit history, but at higher interest rates. A larger deposit reduces risk for the lender and may secure you a better rate. Improving your credit score before applying is the most cost-effective long-term approach.
Watch for origination fees, documentation fees, prepayment penalties, and GAP insurance charges. These can add significantly to the total cost of a auto loan deal. Always compare total cost of credit — not just the monthly payment or headline APR.
Dealer auto loan is convenient but not always the cheapest — dealers often earn commission on the finance package. Comparing independent lenders via Giraffy before visiting a showroom gives you a benchmark rate. Arriving with pre-approved auto loan puts you in a stronger negotiating position.
Early settlement typically involves paying the outstanding capital plus a settlement fee (usually 1–2 months' interest). Check the specific early repayment terms in your agreement before settling early.