Editor's choice: Carvana

- Most credit types welcome
- 45-day preapproval
- Seven-day guarantee
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.
For more car loans, select your credit score range and Delaware from our table.
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.
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% |
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.
Our answers to two common questions about car loans in Delaware.
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.
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.
A lender who primarily offers loans to underserved small business owners.
Some PPP borrowers can get another round of funding through community lenders — though not all can qualify.
Shopify merchants may be able to get funding without a credit check.
You only have until the end of March to get your next application in.
First Draw loans are now available through nonprofit lenders, with Second Draw loans following shortly behind.
We take a look at national home loan data & trends and speculate where the mortgage market is heading.
You need to be a member to access this credit union’s high interest rate options.
Wise Loan may be an expensive choice, but it’s upfront about its costs.
Both Vroom and Carvana offer loans for their used car inventories. But when it comes to transparency and loan terms, Carvana takes the cake.
Loans of up to $50,000 available from this well-established lender.