Best Auto Loan Lenders of 2026
Rates updated March 2026 · WiseIQ Editorial Team
Capital One Auto Navigator
Best OverallCapital One · Pre-qualification available
Why we recommend it: Pre-qualify with a soft credit pull (no score impact). Works with a network of 12,000+ dealers. Accepts 500+ credit scores. Best for shopping at dealerships.
Affiliate disclosure: WiseIQ may earn a commission if you apply.
myAutoloan
Best Rate ShoppingCompare up to 4 lenders at once
Why we recommend it: One application, up to 4 competing loan offers. Best for finding the lowest rate. Accepts 575+ credit scores with competitive rates for all credit tiers.
AutoPay
Best for RefinanceAuto loan refinancing specialist
Why we recommend it: Specializes in auto loan refinancing. If you have an existing auto loan at a high rate, AutoPay can help you refinance and save $100+/month. Soft pull pre-qualification available.
Frequently Asked Questions
What credit score do I need for an auto loan?
Most lenders accept 580+ credit scores for auto loans. Capital One Auto Navigator accepts 500+. The higher your score, the lower your rate. Borrowers with 720+ credit typically receive the best rates (under 6%).
What is the average auto loan rate in 2026?
As of March 2026, the average new car loan rate is 5.27% and the average used car loan rate is 7.66% according to Experian. Rates vary significantly by credit score — excellent credit borrowers may see rates under 5%, while subprime borrowers may see 15%+.
Should I get pre-approved for an auto loan before visiting a dealership?
Yes. Getting pre-approved before visiting a dealership gives you negotiating power, a rate benchmark to compare against dealer financing, and prevents dealers from marking up your rate. Use Capital One Auto Navigator or myAutoloan for pre-approval.
When should I refinance my auto loan?
Consider refinancing if: your credit score has improved since you got your original loan, interest rates have dropped, or you got dealer financing at a high rate. AutoPay customers save an average of $100+/month by refinancing.