Find the Best Auto Loan Rates for You

Whether you’re looking to buy a new or used car, compare the best auto loan rates on the market to make sure you get your money’s worth.

Auto Loan Research Center

As a registered Credit Sesame user, simply click here to login and get your personalized auto loan analysis and recommendation – we’re taking the guess work out of your auto loan decision.

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As a registered Credit Sesame user, simply log in to your account to get your personalized loan analysis and recommendations – we’re taking the guess work out of your auto loan decision.

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Frequently Asked Questions

Why would I need an auto loan?
Most people do not have the cash on hand to buy a new or used car. If you need a new set of wheels, getting an auto loan is the best way to end up driving the vehicle you want without reducing your savings. Depending on the time of year, dealers and manufacturers may offer great financing (such as 0% down or 0.99% financing terms). If those are not available when you want to buy your car, we monitor the market to bring you the best auto loan rates available.

What are the best ways to afford a car in this economy?
The best way to qualify for a loan to buy the car you want is to work on your credit score. The higher your credit score, the lower the rate you’ll qualify for. The lower the rate, the more car you can buy for the same monthly payment. Of course, this assumes that you do not have an immediate need for a vehicle – unless your credit score is already either good or excellent.

What if I need a car now and can’t wait to improve my credit score?
Regardless of your credit score, we monitor the market to bring you the best rates available. An additional benefit of signing up for Credit Sesame is that we are able to assess your credit profile and present you with the best rates you’re likely to qualify for.

Is there a benefit to making a larger down payment?
Making a larger down payment will reduce the amount of your loan, therefore reducing your monthly payments and the total interest you will end up paying on your auto loan. But the typical answer remains “it depends”. It depends on how much cash you have on hand, how much of it you think you will need over the next few years, and what types of loans your credit profile qualifies you for. For example, if making a larger down payment requires you to dig too deep into your rainy day funds, you could be at risk in the case of unforeseen unemployment or hospital bills. On the other hand, if you can qualify for a 0.9% interest rate special with a dealer, you’ll be better off taking out a loan for the full car value, making monthly payments on that larger loan, and investing the cash from the down payment amount into an account that pays you over 1% interest.