Topic
Independent guides to car loans and refinancing from US lenders: published rates, fees, requirements and what to compare before you apply.
Auto Loans
Truist Bank offers two kinds of car loans, a secured loan backed by the car and an unsecured LightStream loan, for US drivers buying or refinancing a vehicle. Which one you can get depends on where you live: Truist says the secured loan is available at eligible dealerships nationwide and in branches in 17 states and Washington, D.C., while LightStream is available nationwide and applied for online.
Auto Loans
Ford Credit is Ford's own auto finance company, financing new, used and certified used Fords through Ford dealers for US shoppers who want to buy with dealer financing. For purchases, it lists a Standard Purchase with a fixed rate and 12- to 84-month terms, and Flex Buy, a new-vehicle contract with lower payments for the first three years.
Auto Loans
Fifth Third Bank finances new and used cars through participating dealers and refinances car loans; it mainly suits drivers who bank with Fifth Third or buy from those dealers. To buy a car, Fifth Third tells you to ask your dealership whether it takes part in its lending program.
Auto Loans
Commerce Bank, a Midwest bank, offers loans for new, used, older and classic cars and car-loan refinancing, for adults who prefer to borrow from a bank. It does not print a rate range: rates appear only after you enter a ZIP code, and your APR depends on your credit, the loan's length and amount, and the car's age.
Auto Loans
LightStream, the online lending brand of Truist Bank, offers loans to buy a new or used car, to buy from a private seller and to refinance an existing car loan. Instead of arranging financing at the dealership, the money is paid into your own bank account, so you can shop as a cash buyer.