• Available in all 50 states and Washington, D.C.
• Must join the credit union by depositing at least $5 in a savings account, if approved

• For loans less than seven years: No limit on vehicle age, and must have 125,000 miles or fewer
• For loans of seven years or more: Vehicle must be less than five years old and be under 60,000 miles
• Maximum loan-to-value ratio: 125%
• Allows private-party vehicle purchases: Yes

AUTOPAY is light on details, and that’s maybe intentional in order to get you to bite. If you have excellent borrower qualifications, AUTOPAY certainly has the potential to be one of your cheapest options, advertising lower rates than just about any other lender. And while it works with borrowers with credit scores as low as 500, it doesn’t specify the top end of the rate range you’d be likely to pay if you have poor credit, so you’ll need to be careful—especially since you can’t 伟民配资_在线配资炒股:apply with a co-signer (only a co-borrower). 

AUTOPAY does offer a full suite of auto loan types: used cars, new cars, refinances, cash-out refinances, and even lease buyout loans. It works with a network of partner lenders rather than offering the loans itself, and that’s how it can offer so much flexibility. For that reason, it’s a good choice to add to your shopping list, although we would prefer if it offered more concrete details.

• Recommened credit score of 500 or higher
• Available in all U.S. states and Washington, D.C.

• Maximum accepted vehicle age: 10 years
• Maximum accepted mileage: 150,000 miles
• Maximum loan-to-value ratio: Not disclosed
• Allows private-party vehicle purchases: Yes

As our highest-rated credit union, Consumers Credit Union is a good choice for people who prefer to bank with these institutions. It’s also a good choice if you’re trying to buy an older car from a dealership because it’s one of the few lenders that doesn’t put any limits on your vehicle’s model year or mileage. Consumers also offers an optional mechanical repair insurance plan through ForeverCar, which might be especially important if you are driving an older car. 

• Available to people living in all 50 states and Washington, D.C.
• Need to join Consumers Cooperative Association ($5 fee) and deposit $5 in a savings account to establish your membership, if approved for a loan

• Maximum accepted vehicle age: None
• Maximum accepted mileage: None
• Maximum loan-to-value ratio: 125%
• Allows private-party vehicle purchases: No

• Available to residents of all 50 states and Washington, D.C.

• Maximum accepted vehicle age: None
• Maximum accepted mileage: None
• Maximum loan-to-value ratio: 80%
• Allows private-party vehicle purchases: Not disclosed

LendingClub, the former peer-to-peer lender, is now in the auto refinance business where it offers very good rates to borrowers with good credit. Borrowers with fair credit can be approved too, but if your credit is quite bad LendingTree may charge you a higher rate than most other lenders. On the bright side, LendingClub doesn’t charge any fees—origination fees, late fees, prepayment penalties, nothing. 

• 600 or higher recommended credit score
• Current auto loan must have been open for at least one month
• Current auto loan must have at least 24 months remaining
• Available to residents of all U.S. states except for: Alaska, District of Columbia, Hawaii, Maine, New Hampshire, North Dakota, Vermont, West Virginia, Wyoming
• You must be at least 18 years of age
• You must be a U.S. citizen or permanent resident or live in the U.S. on a valid long-term visa

• Maximum accepted vehicle age: 10 years
• Maximum accepted mileage: 120,000 miles
• Maximum loan-to-value ratio: Not disclosed
• Allows private-party vehicle purchases: No

• The loan’s remaining balance must be between $5,000 and $55,000
• Can’t refinance business vehicles
• Vehicle must be registered in the same state you live
• Many cars not eligible for financing, such as Nissan Leafs and models from Suzuki, Saturn, Mercury, Saab, Pontiac, Oldsmobile, Hummer, and more

Carvana is a used car dealership that offers a completely online car-buying experience similar to TrueCar. You can apply for a loan online, find a car, and then pick it up or even have it delivered to you. One of Carvana’s claims to fame, however, is its car vending machines. If you’re pre-approved for a loan you can schedule an appointment to take a car for a test drive from one of its giant vending machines. The company will even provide you with a token to use. 

If you like the car, you can keep it. If not, you’ll have seven days to return it. It’s a futuristic way to buy a car that many people like; however, there can be problems with the setup. If you have a car delivered and you don’t like it, for example, you can return it, but the shipping charge is nonrefundable. That makes it costly and impractical to test drive different models like you would at a dealership.   

• Minimum recommended credit score of 500
• Must be at least 18 years old
• Minimum annual income of $4,000
• Must not have any active bankruptcies 
• Available to residents in contiguous U.S.

• Maximum accepted vehicle age: Varies
• Maximum accepted mileage: 140,000 miles
• Maximum loan-to-value ratio: Not disclosed
• Allows private-party vehicle purchases: No (only for used cars bought through the Carvana platform)

It comes with very high origination fees ranging from $249 to $449, a 5% late payment fee, and interest rates that zoom into credit-card-debt territory for less-qualified borrowers. However, OpenRoad Lending is still better than many other types of alternative auto loans, such as those from buy-here-pay-here lenders. You can still qualify if you have a poor credit score, even if you’re underwater on your current loan—a common problem for people with bad car loans. 

• Minimum credit score of 500 
• Must be at least 18 years old
• Available to residents in 46 U.S. states
• You must make at least $2,000 per month (earnings from Uber or similar services do not count toward the income requirement) 
• Your DTI cannot exceed 40%
• Can only refinance auto loans issued by NCUA- or FDIC-insured lenders such as credit unions and banks

• Maximum accepted vehicle age: 8 years
• Maximum accepted mileage: 160,000 miles
• Maximum loan-to-value ratio: 180%
• Allows private-party vehicle purchases: No
• Business vehicles, Oldsmobile, Daewoo, Smart Car, and Isuzu vehicles are not eligible for refinancing