Who are the best providers of car loans?

There are a lot of car loan lenders out there and I don't know who to go with. Who are the best providers?

Answer
In short, there isn’t a specific lender or type of lender that’s guaranteed to offer the best rate. However, credit unions can often offer the lowest rate because they aren’t hindered by their fiscal obligations to stakeholders or shareholders. That said, banks, third-party lenders, and even dealerships offer promotional rates below that of credit unions from time to time.
But if you’re looking for the best rate on a car loan, always shop around. By doing so, you ensure that you find the best rate, term, and payment date available at the time you want to purchase a vehicle.
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Eric Schad
Answered on Mar 08, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.
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