* PenFed Credit Union: Rates as low as 2.99% APR, no application fee, and available to members of the military and their families.
* DCU: Rates as low as 3.24% APR, no application fee, and available to members of the Massachusetts Department of Credit Unions.
* LightStream: Rates as low as 3.99% APR, no application fee, and available to anyone with good or excellent credit.
Best for bad credit:
* Capital One Auto Finance: Rates starting at 5.49% APR, accepts applicants with credit scores as low as 500, and offers pre-approval.
* myAutoLoan: Rates starting at 3.99% APR, accepts applicants with credit scores as low as 575, and offers a variety of loan terms.
* Auto Credit Express: Rates starting at 7.99% APR, accepts applicants with credit scores as low as 500, and offers a variety of loan terms.
Best for used cars:
* Carvana: Offers financing for used cars, with rates as low as 3.99% APR, no application fee, and the option to purchase or refinance.
* Vroom: Offers financing for used cars, with rates as low as 3.99% APR, no application fee, and the option to purchase or refinance.
* Shift: Offers financing for used cars, with rates as low as 4.99% APR, no application fee, and the option to purchase or refinance.
Best for electric cars:
* Tesla: Offers financing for new and used Tesla vehicles, with rates as low as 2.49% APR, no application fee, and the option to purchase or lease.
* Nissan: Offers financing for new and used Nissan Leaf vehicles, with rates as low as 0.9% APR, no application fee, and the option to purchase or lease.
* BMW: Offers financing for new and used BMW i3 vehicles, with rates as low as 2.99% APR, no application fee, and the option to purchase or lease.
It's important to compare multiple lenders and get quotes before you apply for a car loan to ensure you're getting the best possible rate and terms.
