Editor's choice: Carvana
- Most credit types welcome
- 45-day preapproval
- Seven-day guarantee
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Car loans in Delaware
Local options offer rates under 4% for well-qualified borrowers.
Compare car loans available in Delaware
Local banks and credit unions typically offer lower rates than you'd find at the dealership. Compare national lenders against Delaware-based lenders to find the best deal.
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Getting approved for an auto-loan in Delaware
Delaware doesn't have any set laws that cap interest or govern how lenders operate, so there are no extra steps you need to take to be approved for a loan. When you apply, your lender will ask for some basic personal information — including your Social Security number and current financial details — to confirm your eligibility.
If approved, your final loan contract should contain the sale price of the vehicle and your down payment alongside the fees, insurance, finance charges, the amount of each payment and the final cost of your loan. Confirm that these match the numbers from the dealership before signing.
If you aren't approved, the lender you applied with should provide reasons for the rejection.
Banks and credit unions in Delaware that offer auto loans
Alongside large national banks, these local banks and credit unions may be good places to start when you're on the hunt for competitive rates.
Del-One Federal Credit Union | New and used vehicles, recreational vehicles | As low as 2.74% |
Dexsta Federal Credit Union | New and used vehicles, recreational vehicles | As low as 2.99% |
Dover Federal Credit Union | New and used vehicles, loan refinancing, recreational vehicles | As low as 2.49% |
Tidemark Federal Credit Union | New and used vehicles, loan refinancing, recreational vehicles | As low as 2.95% |
WSFS Bank | New and used vehicles | As low as 3.74% |
Community Bank Delaware | New and used vehicles | Not stated |
Artisans' Bank | New and used vehicles | As low as 3.75% |
DNBD Bank | New and used vehicles | As low as 3.75% |
Bottom line
Banks and credit unions in Delaware offer solid deals — although you may have to open an account to qualify for a loan. Compare local lenders and learn more about your other car loan options before heading to the dealership.
Frequently asked questions
Our answers to two common questions about car loans in Delaware.
Can I qualify for a car loan with bad credit?
Yes — there are car loan options for borrowers with bad credit. Some lenders in Delaware offer loans even with a less-than-perfect score, but be prepared to pay higher interest rates when you borrow.
Are title loans the same as car loans?
Title loans and car loans are very different products. A title loan is a short-term loan that uses your car title as collateral. A car loan is used to purchase a new or used vehicle.
Delaware sets specific guidelines for its title loans, although it doesn't cap the fees or interest a lender can charge. Like with all short-term loans, auto title loans are an expensive option that should only be used as a last resort.
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