Car Loan reviews from Reddit
Summary
We analyzed 158 Reddit reviews across 28 subreddits and 37 posts to rank the best Car Loan brands recommended by redditors, including communities like r/personalfinance, r/personalfinanceindia, r/eastbay, r/Sacramento, r/classiccars. Top-rated brands include Credit Union (4.4/5), Navy Federal (3.8/5), Mazda (3.8/5).
Stats
Reviews158
Subreddits28
Posts37
Brands90
Products62
158 reviews from
and
By Brand
/By Product
#1
Credit Union
4.4
(17)
"A local credit union or Capital One. STAY AWAY from Santander and all predatory lenders."
"Credit unions and dealerships will have the best rates. Don't go to your bank."
"Credit union, you'll always get a better rate than dealership."
"Well credit unions in Northern California (public) have rates below 7% for good credit."
"My credit union is offering 5.5% on late model used cars."
"Your local credit union is a good place to start."
"I bought a few old cars years ago and a personal loan from my credit union was the only loan available."
"Personal loan from a credit union is the only way to really go."
"A credit union nearby was doing a promotion for 4.25 rates new or used up to 72 months."
"Just refinanced to 3.99%@ 36-60 month at my credit union."
#3
Mazda
3.8
(5)
"Bought a Mazda at the end of 2023 at 0%. Phenomenal car. Would recommend."
"Mazda dealers in TX are offering 0% financing."
"Mazda is offering .9% on many models."
"Check Mazda"
"The advice is to aggressively pay down the Mazda and sell it while it's still worth something."
#4
Toyota
3.8
(5)
"A brand new Toyota can be purchased for around 28-35k, which is a better option than financing a used car for too long."
"Toyota gave us 4.49 on 23k, 36 months"
"Best way to help you get a car and finances would be paying cash for an ugly thing that’s mechanically reliable."
"Toyota gave me a 4.75 when my own credit union that I work for gave me 7%. 796 credit score"
"Recently heard 4.99 from Toyota dealer or more like 8 from a bank."
#5
Hyundai
4.3
(4)
"Get the stargazer if thats what you really want."
"Go ka sa 1st choice mo."
"Recommended kasi talaga na mai test drive yung mga sasakyan na gusto mo"
"Mike Miller Hyundai/Kia has been able to get folks in cars with bad credit before."
#6
SBI
3.2
(5)
"Had bought car in 23 with 3 years 6L loan at 8.55% from SBI, yeah I had asked for some rebates on basis of credit history though salary was not with SBI."
"Go for any government Banks SBI / CANARA BANK etc don't go for pvt banks HDFC ICICI"
"SBI - mine rate is 8.4%"
"SBI - not sure about the current interest rate, but they had no foreclosure charges or part payment charges when I got mine."
"Go for SBI or any nearby PSB"
#7
LightStream
4.0
(3)
"LightStream had good rates"
"Consider online lenders like LightStream or Capital One."
"I used LightStream for my loan. I have great credit but no one wanted to finance an older truck for me, but they did."
#8
Bellco
3.7
(3)
"Bellco which was the best rate at the time. But as others have said, call around. I was already a Bellco member; have found it to be a reliable CU with all the services I've needed."
"I recently got a loan through Bellco. They had the lowest used car rate I could find anywhere and so far, I’ve had zero issues with them."
"I’ve used Bellco. But call around."
#9
PNB
3.7
(3)
"Took it from PNB last hear. They don't have any prepayment or foreclosure charges."
"PNB ..roi is 8.55 with no foreclosure charges"
"PNB."
#10
BMI Federal Credit Union
5.0
(2)
"They had some of the lowest rates on car loans when I bought my newest vehicle."
"Just got 6% on a used Toyota at bmi credit union."
#11
General Advice
4.5
(2)
"Go for it! You seem sorted."
"Never get a car loan more than 5 years, 3 is the sweet spot."
#12
TVFCU
4.5
(2)
"I got a 1.9% new car loan at TVFCU! That was in 2023 but still amazing."
"TVFCU is good and currently offer the lowest APR in the country from what I’ve seen at 4.99. I just refinanced with them from 6.33."
#13
Local Credit Union
4.5
(2)
"Support your local credit union over a big bank!"
"Local credit union at 4.something, while the dealership was able to offer either 0% or 3.5% depending on the length."
#14
Patelco
4.5
(2)
"Patelco is awesome. My loan the rate lowered each year I didn’t miss a payment."
"Patelco had some really good rates last time I was looking around."
#15
Tesla
4.5
(2)
"Tesla is offering 1.99% on Model 3 and Model Y right now"
"Tesla was selling inventory vehicles for 1.99% financing."
#16
CU of Denver
4.0
(2)
"CU of Denver gave me the best rate and a $300 credit for moving it to them"
"CU of Denver gave me the best rate and a $300 credit for moving it to them"
#17
Personal Loan
4.0
(2)
"Take out a personal loan at 6% and pay off the car finance with that"
"I would get a personal loan which would probably have a lower interest rate than a loan for a classic car."
#18
Bank of Baroda
4.0
(2)
"Bank of baroda. PNB also dont have foreclosure charges"
"Bank of Baroda. Rate can be negotiated and prepayment is free."
#19
Skyla Credit Union
4.0
(2)
"I used skyla credit union, their 60 month was 5% a month ago and 48 month was 4.75%. They were pretty great to work with."
"I used Skyla CU. Got 4.99 for used 48 months and new is even better."
#20
Chase
4.0
(2)
"Chase is 7.19%, 48 months with perfect credit"
"In my case I used Subaru financing through Chase which was a better rate than my credit union."
#21
Patelco Credit Union
4.0
(2)
"Patelco!"
"I've been with Patelco credit union since I was 18."
#22
Golden 1 Credit Union
4.0
(2)
"I’ve used both golden 1 and schools. I still have accounts with both. No complaints, go with the one offering better rates though."
"I’ve had good experiences with Golden 1."
#23
Credit Unions
4.0
(2)
"3.99 for 60 months is available with some credit unions right now."
"Check local credit unions. Check websites that list the best loan rates for used car purchases."
#24
Bank
4.0
(2)
"Go to a bank and discuss a loan. They are far less predatory than a dealership."
"Go to bank first then go to dealer to best banks rate."
#25
KEMBA Financial Credit Union
4.0
(2)
"I was able to get a 6% through Kemba."
"Someone I know recently was able to get around 6% interest with a very good credit score."
#26
Credit Human
3.5
(2)
"Credit unions. I got 6% from Credit Human recently."
"My CU is 6.80%. So check other CUs that you are eligible for."
#27
Suncoast
3.0
(2)
"In 2022 they offered 1.5 and 2.4 for two different cars while other banks were in the 7s."
"Suncoast and they’re a friggin nightmare."
#28
UFCU
3.0
(2)
"Generally, UFCU is a top contender for good rates."
"UFCU gave us the best rate when we financed out car. But they've been awful to actually try to do business with."
#29
Excite Credit Union
5.0
(1)
"They’ve helped me out more than once."
#30
Kia Financing
5.0
(1)
"Then KIA Financing beat the credit union rate."
#31
Volkswagen Virtus
5.0
(1)
"I went for a barely used VW Virtus which I bought from a young buyer who sold because he was literally not able to make the 3rd month payment."
#32
Valley Credit
5.0
(1)
"Valley Credit typically has the best rates of you have above a 650."
#33
Broadview
5.0
(1)
"Credit union like Broadview (used to be SEFCU)."
#34
MAPS
5.0
(1)
"We have used MAPS for all of our cars loans because their rates always come out head."
#35
Delta Credit Union
5.0
(1)
"I got a loan through Delta credit union at 2.28%."
#36
Valley Health
5.0
(1)
"Pre approve through a credit union that has an auto broker. Valley health on mission is excellent."
#37
Blupeak
4.0
(1)
"Plenty of local credit unions. Blupeak, 1st United, Patelco"
#38
1st United
4.0
(1)
"Plenty of local credit unions. Blupeak, 1st United, Patelco"
#39
Canvas CU
4.0
(1)
"We were able to get 5.25% at canvas CU."
#40
UCO Bank
4.0
(1)
"For 800 CIBIL, ROI would come at 8.45% and zero foreclosure charges."
#41
EastWest Bank
4.0
(1)
"Pinaka mababang rate OP eastwest bank"
#42
RCBC
4.0
(1)
"Pinaka mababang rate OP eastwest bank, RCBC & BPI"
#43
BPI
4.0
(1)
"Pinaka mababang rate OP eastwest bank, RCBC & BPI"
#44
PSBank
4.0
(1)
"PSBank, sila pinaka mababa interest rates, after 3 yrs pwede mo i-settle payment"
#45
United Heritage
4.0
(1)
"United Heritage. They will also do pre-approval process so you know exactly how much you can spend."
#46
Roger Beasley
4.0
(1)
"Some dealerships in town like Roger Beasley are running 0.9% promotions."
#47
Point Breeze Credit Union
4.0
(1)
"Point Breeze Credit Union lists their best rates starting under 5%, including 4.5 for a 3 year."
#48
Dealerships
4.0
(1)
"Dealerships are offering better rates than CUs and banks. I recently bought a new vehicle at 1.9% from their financing."
#49
Manufacturer Lender
4.0
(1)
"Lender tied to a manufacturer is offering the better rates at this time."
#50
Provident Credit Union
4.0
(1)
"We have two current car loans with Provident credit union."
#51
PenFed
4.0
(1)
"Penfed"
#52
Chattanooga Area Schools Federal Credit Union
4.0
(1)
"If you have a teacher in the family (got mine because of my grandma), the Chattanooga Area Schools Federal Credit Union."
#53
Trust Federal Credit Union
4.0
(1)
"Trust Federal Credit Union"
#54
First Florida Credit Union
4.0
(1)
"FFCU - First Florida Credit Union"
#55
Volkswagen
4.0
(1)
"VW has 0% for 60 on some models."
#56
Various Manufacturers
4.0
(1)
"Many manufacturers are doing 0% if you finance through them"
#57
Peoples First Credit Union
4.0
(1)
"I just refinanced our car loan from 7.99 to 5.94 with Gravity Lending, they got me a rate with Peoples First CU"
#58
Electric Cars
4.0
(1)
"If you're okay with electric there are many 0% APR deals."
#59
USAA
4.0
(1)
"USAA is offering me 4% loan to buy a 2024-25."
#60
Acura, Chrysler, Dodge, GMC, Hyundai
4.0
(1)
"Every 0% APR Car Deal in January 2025 · Acura 0% APR Deals · Chrysler 0% APR Deals · Dodge 0% APR Deals · GMC 0% APR Deals · Hyundai 0% APR Deals."
#61
Yolo Federal Credit Union
4.0
(1)
"Yolo Federal has a promotional rate this month. It is 3.64% for up to 36 months and 4.79% for up to 60 months for new cars."
#62
Sacramento Credit Union
4.0
(1)
"Sacramento Credit Union. I've financed both new and used cars."
#63
Schools
4.0
(1)
"We used schools before they became schools first or whatever they are now. This was a long time ago though but the they had the best rates and it was easy to set up."
#64
Schools Credit Union
4.0
(1)
"Schools credit union will usually beat all the other credit unions above or at least they did each time i bought a car in the past."
#65
Capital One Auto Finance
4.0
(1)
"Capital one auto finance is also great for first time buyers and work with many dealerships."
#66
Safe
4.0
(1)
"Safe is great"
#67
BankBazaar
4.0
(1)
"Use bankbazar and compare"
#68
Capital One
4.0
(1)
"I got pre approved for a loan with Capital One for 3.9% but the dealership guy got me 3.9% with Rockland so I just used that."
#70
Car Loan
4.0
(1)
"I’d shop for 7% if you can."
#71
LeaseEnd
4.0
(1)
"They shop loans and rates for you and get you approved."
#72
Wright Patt
4.0
(1)
"I just bought a car and financed it with Wright Patt at their lowest advertised rate."
#73
Facebook Marketplace
4.0
(1)
"Genuinely, go on Facebook marketplace and look for an old granny car."
#74
Online Filipino Freelancers
4.0
(1)
"Check mo yung ‘online filipino freelancers’ na facebook group, lots of car journey stories there."
#75
Mitsubishi
4.0
(1)
"What made us decide is the features and drive feel."
#76
Good Neighbors
4.0
(1)
"Credit unions, smaller the better. Try good neighbors or cadets."
#77
Porky Loans
4.0
(1)
"Personal loan is the answer. Check with local banks that you have history with first and also look online at places like Porky Loans."
#78
Lightstream
4.0
(1)
"Lightstream"
#79
DCU
4.0
(1)
"DCU, Penfed, Navy Federal has some of the lowest rates out there."
#80
Penfed
4.0
(1)
"DCU, Penfed, Navy Federal has some of the lowest rates out there."
#81
Car Loan Comparison Site
4.0
(1)
"If you’re dealing with poor credit and need a car loan, I’d suggest checking out 'this site' for some solid options."
#82
Sofi
3.0
(1)
"You can always try to refinance with an online bank like sofi."
#83
Indian Bank
3.0
(1)
"INDIAN BANK OR INDIAN OVERSEAS BANK
DONT GO FOR SBI THEY SUCK AT AFTER SALES"
#84
RBFCU
3.0
(1)
"RBFCU"
#85
Provident
3.0
(1)
"Provident I believe it’s 6%."
#86
Citizens
3.0
(1)
"Citizens"
#87
Wells Fargo
3.0
(1)
"Just financed a 2024 4Runner at 6.15% at Wells Fargo."
#88
Local Credit Unions
3.0
(1)
"Local credit unions. The lowest rate at mine is currently 5.49% for a 36 month loan on a 2015+ car."
#89
StarOne Credit Union
3.0
(1)
"Starone.org"
#90
Toyota Financial
2.0
(1)
"Best I could get for a 2021 used loan last fall was 9% through Toyota Financial."
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