Capital One makes car shopping easy. You can apply online for loan preapproval using the Auto Navigator program. You can also use this feature to shop for cars without leaving your couch. This can save you a lot of time compared to shopping for cars at a dealership, especially if you already have a specific make and model in mind. Pre-approvals through Capital One are soft credit pulls that won’t affect your score. You can print out the preapproval letter and take it with you to more than 12,000 dealers when you go car shopping to lock in a vehicle — and a good rate.
Carvana is a great choice for buyers with poor credit. Carvana has no minimum credit score requirements and you can qualify for an auto loan if you make at least $10,000 annually and have no current bankruptcies. However, co-signers are not allowed, which means you can’t bank on a friend or relative to help you get approved if you’re denied for a loan on your own. Another thing to keep in mind is that Carvana’s car loans only finance the cars on its website. If you want to buy a car sold elsewhere, you will need to shop elsewhere for your loan.
Consumers Credit Union
Credit unions are some of the best places to get a low-interest car loan, but most require members to qualify by being part of a workers’ union, military or resident of a certain state. Luckily, you can join CCU by paying a $5 fee and keeping at least that amount in a savings account. In return, you can get an auto loan rate as low as 2.69%.
You’ll need at least a 640 credit score to get approved with Consumers Credit Union, but it offers the lowest APR of all the options on this list, so if you’re interested in securing the lowest possible rate, you might want to consider jumping through the hoops to join CCU.
LightStream is SunTrust Bank’s vehicle loan branch. If you have very good credit, you’ll qualify for its low rates. This company will also beat other lenders’ offers by 0.10% if you present an offer from a competitor with the same loan terms. Lightstream will do a hard pull on your credit, so make sure you’re ready to lock in with the lender before it checks your credit.
LightStream sells fast auto loans and can fund your auto loan as quickly as that same day. Also, these loans come with no prepayment penalty, so you can repay them early without worrying about taking a hit for it.
OneMain is an option for borrowers with a low credit score looking for fast auto loans. This lender accepts loan co-signers and lower credit scores other banks may not qualify, but these perks come with a higher interest rate, by far the highest interest rate of any option on this list. However, you can get funded the same day if you’re all set to close the deal on your next car.
Best for Shopping Around: LendingTree
If you are tossing around the idea of getting a new car but not sure if it will fit in your budget, stop by LendingTree first. Without affecting your credit, you can shop from a variety of lenders. You can use this feature for refinancing, new cars, used cars, or lease buyouts. Just enter details such as your desired loan type, down payment, financial status, and the vehicle you want. Then Lending Tree will match you with lenders.
Best for Refinancing: OpenRoad Lending
While getting a new set of wheels is exciting, there’s something to be said for sticking with a reliable ride. However, if your credit improved, you paid off debt, or you got a raise since you first financed your auto loan, you may be paying too much. OpenRoad Lending allows eligible applicants to refinance existing loans and save an average of $100 per month on their car payments. The application process is simple and entirely online. Within as little as an hour of applying, you can receive your decision with complete details about the loan.
Best for Shopping Around for Refinancing: Lending Club
Although Lending Club made a name for itself with peer-to-peer personal loans, the online lender now offers auto loan refinancing. If you’re looking for ways to lower your monthly bills, Lending Club can help by showing you your refinancing options. First, complete the initial application and get instant offers. This step is a soft pull on your credit that won't change your score. Then, you can compare the details of each proposal to see which best fits your needs. Whether you need to lower your interest rate, increase the length of your loan, or both, you can find the right lender.
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Geico's clever commercials ensure that it remains one of the best-known car insurance options in the country, but its customers know the company for the great service and support it offers, along with some of the cheapest insurance prices. Geico's 97% customer satisfaction rate speaks for itself, as does its long list of honors, including the most desired insurer according to Kanbay Research Institute. You know, just in case the gecko isn't enough to convince you that you want its insurance coverage.
Allstate was one of the rare car insurance companies ranked on every single one of J.D. Power's regional customer satisfaction lists -- and was No. 1 in Florida. Allstate prides itself on its scope of coverage options and offers a host of car insurance discounts that, depending on your circumstances, could easily make it the most cost-effective auto insurance policy available for many motorists.
A giant in the insurance world with over 18 million customers, Progressive manages to attract and retain so many satisfied customers with continued commitment to saving its customers money on their car insurance rates. Progressive was the first auto insurer to offer safe-driving discounts, which makes the company a great option for people with a good driving record. Even today, customers who switch to Progressive save an average of $699 per year.
Auto-Owners Insurance may not have the flashy marketing presence of the competition, but how many of them can say they've been around almost as long as cars have? Established in 1916, the company has nearly 3 million car insurance policy holders across 26 states. Its high rankings from J.D. Power might prompt you to check if it has coverage where you live.
Liberty Mutual insurance
Operating globally, Liberty Mutual is the fifth-largest property and casualty insurer in the world. Still, the company makes it very clear that its business starts with you and the first step in that journey is getting an insurance coverage quote.
Most insurers offer free car insurance quotes on their websites, but Liberty Mutual offers you a discount for using its own -- you can save up to 12% off your rate by getting a car insurance policy quote online.
Ranked the No. 1 auto insurer in California, Esurance in quickly making inroads around the country (the company operates in 43 states). A division of Allstate, Esurance promises customers that switching or signing up for car insurance can be as easy as possible, or "painless," as the company puts it.
Users agree with the assessment, as reviews on the website call attention to how fast and easy it is to sign up, either online or with the Esurance app. And calling all introverts, you likely won't have to talk with an insurance agent directly to get set up.
With over 90 years covering drivers, Nationwide has learned a thing or two about what keeps customers happy (and in turn, what keeps them customers). The company's list of visions and values shows exactly where its priorities lie.
Top ratings from a variety of outlets (such as A.M. Best, S&P and Moody's) would suggest that it's working. Those values extend to employees, as well -- Nationwide was ranked No. 53 in Fortune's most recent list of the "100 Best Companies to Work For."
Among the many plans Travelers offers is a car insurance coverage policy that you can customize based on your needs. Rather than upsell users, Travelers offers a host of resources (in the form of blog posts) designed to educate motorists prior to policy purchase. An informed customer is a happy customer.
A division of Liberty Mutual, Seattle-based Safeco has been in the car insurance business for over 85 years and has been a national presence for more than two decades. Safeco partners with local agents who can devote the time and attention that customers need in order to get all of their individual car insurance questions answered and requests met.
If we were judging solely on satisfaction, the United Services Automobile Association would take the top spot in our rankings. What affects the USAA's ranking is that its scope is narrower than those of most other auto insurers, as the company only offers coverage to service members, veterans and their families. That said, USAA offers of the cheapest car insurance prices that even beat Geico's, with customers who switch saving an average of $707 a year.