The Basics of Auto Financing
Your Complete Guide to Auto Loans
Our platform , we know that car financing can sometimes feel overwhelming or confusing. That’s why we’ve put together a simple breakdown of the key loan options, the common terms you’ll come across, what’s required to qualify, and more. Whether you’re just starting your search or already know the type of auto loan you need, we’re here to guide you every step of the way.
When you’re ready, you can apply with confidence. Our application is fast, free, and gives you access to offers from several of our trusted lending partners. We’re committed to making the car-buying process as smooth as possible—which is why we also offer helpful tools like auto loan calculators and additional resources to support you.
Types of Auto Financing Options
The type of auto loan you’ll need depends on where and how you’re purchasing your vehicle. Whether you’re buying a new or used car from a dealership, purchasing from a private seller, buying out a lease, or refinancing your current loan—each situation calls for a different financing solution. Explore the options below to find out which loan type best fits your needs.
Different Types of Auto Financing
Where you buy your car from determines the type of auto loan you need. Whether you’re purchasing a new or used vehicle from a dealership, buying from a private party, ending a lease, or refinancing an existing loan — each situation calls for a different financing solution. Learn more about each option to find the right auto loan for you.
New Car Loan
New car loans are the most common form of auto financing. You can get approved directly through a dealership, but many buyers save money and gain better negotiating power by securing financing in advance. Apply for a new car loan today and see how much you could save.
Used Car Loan
Used cars often offer excellent value. Financing can be arranged through the dealer or a national lender. Pre-arranging your loan gives you more control and flexibility when negotiating. Apply for a used car loan and compare available rates and terms from our lending partners.
Refinance Your Existing Loan
Already have a car loan? You may be able to lower your monthly payments by refinancing. This is a smart way to free up extra cash every month. Apply for a refinance loan and explore your options.
Lease Buyout Loan
Leasing a car but thinking of keeping it? A lease buyout loan can help you transition from leasing to owning. Apply now and turn your leased vehicle into your own.
Private Party Car Loan
Planning to buy a vehicle directly from another individual? A private party loan — also known as a person-to-person loan — lets you safely and quickly finance the purchase. Apply today and get the funds you need before meeting the seller.
Car Loan Basics
If you’re new to car financing, start with the essentials. Our platform , we offer easy-to-understand resources to help you learn how auto loans work. Explore our auto loan dictionary, Auto Buying Guide, FAQs, and a quick overview of basic loan requirements to help you get started.
Still have questions? We’re here to help. Contact our team at Our platform if you need clarification or assistance — so you can feel confident when buying and financing your vehicle.
When you’re ready, apply for a car loan throughOur platform and access competitive rates and flexible options that work for you.
Finance Guide
Even with a friendly local dealer, stepping onto the showroom floor and looking at new cars can be a stressful experience. Our Finance Guide can help you prepare for your visit to the dealership; saving you both time and money.
Better Credit Guide
Whether buying a car, truck, or even a house on credit - people with the best credit get the best loan offers and rates. To help speed you along to stellar credit and getting the best auto loan offer, we've assembled a Guide to Better Credit for Auto Financing.
Frequently Asked Questions
Buying a new or used car can sometimes seem overwhelming. If you are getting a loan, the process can be even more intimidating. Visit our section of Frequently Asked Questions to ease the stress and find the answers to the most common consumer questions.