Here are 10 of the top car finance plans in the USA (2025) — including both loan providers and auto finance programs offered through car dealerships and banks:
🚗 Top 10 Car Finance Plans in the USA (2025)
1. LightStream (a division of Truist Bank)
- Best For: Good-to-excellent credit borrowers
- APR: From 7.49% (with AutoPay)
- Loan Amount: $5,000 to $100,000
- Benefits: No fees, same-day funding, unsecured loans (no car as collateral)
2. Capital One Auto Finance
- Best For: Prequalification with no hard credit check
- APR: Varies by credit
- Loan Term: 36 to 72 months
- Benefits: Large dealership network, user-friendly pre-approval tool
3. Bank of America Auto Loans
- Best For: Existing bank customers
- APR: From 6.19% (with AutoPay discount)
- Loan Types: New, used, refinance, lease buyout
- Benefits: Rate discounts for Preferred Rewards members
4. Chase Auto Loans
- Best For: Financing directly through dealerships
- APR: Competitive, but depends on dealer partnership
- Benefits: Wide network of dealer partners, smooth online process
5. PenFed Credit Union Auto Loans
- Best For: Low rates for used and new cars
- APR: From 5.19% (new cars)
- Loan Amount: Up to $150,000
- Benefits: Very low rates, easy application, membership open to all
6. Ally Financial
- Best For: Dealer-based financing and lease options
- APR: Varies, includes lease options
- Benefits: Offers SmartLease, good lease flexibility, used car leases available
7. Toyota Financial Services
- Best For: Buying or leasing a Toyota
- APR: 0% to low promotional APRs
- Specials: College Grad Rebate, Military Rebate
- Benefits: Loyalty programs, flexible terms
8. Honda Financial Services
- Best For: Honda buyers/leases
- APR: 0.9% to 5.9% (promotional)
- Programs: Lease, finance, college grad program
- Benefits: Special loyalty offers
9. Carvana Auto Financing
- Best For: Online used car buying with in-house financing
- APR: 6.85% to 27.90% (varies widely)
- Benefits: No need to visit a dealership, fully online process, delivery included
10. AutoPay (Auto Refinance Platform)
- Best For: Refinancing an existing car loan
- APR: From ~5.49%
- Benefits: Multiple lender comparisons, easy online process, rate reductions
