New Car Loan
as low as:
as low as:
as low as:
as low as:
Apply for a new car loan now & get up to 4 offers in just minutes!
When you're ready for a new car, you don't want to wait. And you shouldn't have to! Thanks to myAutoloan, new car financing is fast and easy. Our new car loan application process is straightforward and obligation-free. With myAutoloan as your partner, you don't have to worry about visiting various local dealers or waiting on the phone to speak with your financial institution. You can compare new car loans from the comfort of your home, any time you please. We take the hassle and guesswork out of applying for a new car loan. Plus, the application is entirely online, making it convenient, cost-free, secure, and totally confidential.
How this works
Key Takeaways
- Up to 4 pre-qualified offers — compare lender offers side by side from a single application.
- Application takes about 2 minutes — complete one secure online form.
- Loan certificate within 24 hours — use it like a check at the dealership; negotiate as a cash buyer.
- Minimum monthly income of $2,000 required — additional lender requirements apply.
- No fee to apply, no obligation to accept — you control the decision.
What You'll Need to Apply
If you've never applied for a new car loan online, you may not know what to expect or where to start. Our online application is only one page long, but you may be able to complete the application faster if you have the following information readily available before you get started.
- Personal information like your name, address, phone number, email, and Social Security number
- Information about your residence, like how long you've lived there and how much your mortgage or rent is
- Information about your current employment situation, including your employer's name, your work phone, and your gross annual income
- Information about the new vehicle you would like to finance
- The amount of money you'd like to borrow — this can be an estimated amount and should include the vehicle's sales price plus tax, any titling or license fees, and any dealer fees
Worried About Qualifying For A New Car Loan?
There are a few general requirements you must meet in order for your application to be successfully processed. You may still submit a loan application even if you do not meet all of the criteria below, though we may not be able to identify a lender or as many as 4 lenders that match your profile.
- Age: You and/or your co-qualifier must be at least 18 years old
- Income: You must have a minimum income of $2,000 per month or $24,000 per year
- Bankruptcy: You must not have an open bankruptcy
- Location: You must reside in a state where myAutoloan currently does business (we do business in 48 states, but not in Alaska or Hawaii)
More About myAutoloan
Getting pre-approved for a new car loan before you visit a dealership puts you in the same position as a cash buyer — you know your budget, your rate, and your monthly payment before negotiations begin. myAutoloan connects you with up to 4 lenders through a single application, so you can compare offers and choose the best one before setting foot on a lot.
Complete our one-page, two-minute application and we'll match you with up to 4 of our trusted lenders. After accepting an offer, you can expect a check or online certificate as soon as 24 hours. With a check in hand, you can speed up the car buying process and enjoy your test drives, stress-free! You're in the driver's seat. Enjoy the confidence of knowing you have the check available to make the purchase when and where you want.
More About New Car Loan Rates
Today's new car loan rates start as low as 5.50% APR±. Your actual rate depends on your credit profile, loan term, and lender. Estimate your payment.
New Car Loan FAQ
Can I qualify for a new car loan with bad credit?
Yes — myAutoloan works with lenders who consider applicants with a range of credit histories, including past credit problems. Approval and rate depend on lender criteria, income, and other factors. Applying does not guarantee approval.
How long does it take to get a new car loan decision?
You typically receive pre-qualified offers within minutes of submitting your application. The application itself takes about 2 minutes to complete. A loan certificate or check is generally issued within 24 hours of lender approval.
What is the minimum income requirement for a new auto loan?
Most lenders in the myAutoloan network require a minimum monthly income of $2,000 (or $24,000 per year). Additional requirements — such as no open bankruptcies and residence in an eligible state — vary by lender.
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