If you’re planning on buying a car, you’re likely to also take a loan. There are quite a few banks and credit unions that provide loan services. However, a lot of people prefer credit unions because they have lower rates of interest than bank loans. Here are a couple of credit unions and banks that are popular for their car loan offers. Going through their details will help you make an informed choice.

Consumers Credit Union
You can become a member of Consumers Credit Union, and this gives you great deals on all their services. For auto loans, this lender has two options for the customers: you can either work with a loan officer or make a request through the dealership. The organization works closely with some of the dealerships and offers advice and support on the best financial options for their customers. The advice is personalized to meet the varied needs of a variety of customers. The loan is available for used and new recreational vehicles, there are no prepayment penalties ensued, and you get to choose from a competitive loan rate list that has varied terms. The organization does a thorough credit score check on the customer so make sure that your credit score is high and stable.

Oportun
This lender works especially well if your credit score is not the most ideal. Oportun loan ranges from $300 to $10000, which gives the customer a good enough loan amount to choose a car of their liking. While they are lenient on credit score checks, they do need proof of income to make sure you will be able to pay back timely. You have the option to purchase the car from a private party or a dealer, But taking your business to a private seller will be more affordable. They also have an affordable annual percentage rate, which is no higher than 35.99%. And once you have the car in possession, you are eligible for a bigger loan amount, if needed, by using your car title for the loan.

Capital One
With Capital One Auto Financing, you can get an auto loan easily. Sign up with them and provide all your personal information. Based on your information, you will get a pre-approved code that will be useful when you are car shopping through Capital One. With the help of the auto-navigator, you can finance your new or used car. All you have to do is search for cars through the link on their website, enter the pre-approved code, check the refinance of a car option, manage your auto loan and calculate the auto loan. None of these steps will affect your credit score! If you haven’t received any pre-approved code, you can check their website again to see if you are pre-qualified for any loan offers.

Open Road Lending
Open Road Lending is a trusted member of the American Financial Services Association and is known for offering low rates and savings. With this lender, customers have saved more than $100 a month on average on car payments. Just fill out an application form online, and you’ll be directed to access the car loan packages. Just see what works for you and apply directly! However, this is a firm that focuses on refinancing car loans, so if you have a new income or want to change the terms of your loan payment plans, this is the place to turn to. You can even use the quick car loan calculator, which gives you an estimate of your monthly payment.

Carvana
Getting a car through Carvana needs no minimum credit score, and in fact, it provides a full end-to-end shopping experience. Choose your car from the site and get affordable financing options for only Carvana’s cars. They do have one requirement: car owner has a minimum income of $4000 a year. You can select a car and get around a week to test it out for your needs to make a decision. You can even return the car if you’re not satisfied. Carvana even has a delivery and pick-up service that makes shopping with them extremely convenient. This lender has several popular models, ranging from the Jeep Wrangler, Tesla Model 3, and Ford Mustang to the Dodge Charger, Ford Explorer, and Chevrolet Camaro. If you are not used to such models, you can browse the cars by style as well, ranging from sedans, SUVs, wagons, trucks, hatchbacks, minivans, convertibles, and coupes. You can pre-qualify for a car loan to check how it works without having to hurt your credit score.