LendingTree Auto Loans review June 2018 | finder.com

LendingTree auto loans review

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This online loan marketplace can help you find an auto loan with competitive rates.

LendingTree is a loan connection service that can connect you to one of its trusted lending partners with a single online form. Letting LendingTree do the legwork means you can spend more time comparing offers — and getting one within your budget.

Product NameLendingTree Auto Loans
Min Loan AmountVaries by lender
Max. Loan AmountVaries by lender
APR2.29% (As low as )
Interest Rate TypeFixed
Minimum Loan Term1 year
Maximum Loan Term7 years
RequirementsMust be a US citizen and 18+ years old. Must have good to excellent credit.

What makes LendingTree unique?

LendingTree allows you to compare a wide variety of potential auto loan offers in place, including refinance, new car purchase, used car purchase and lease buyout. After inputting your information, you’ll see live rates based on today’s market.

How does LendingTree make money?

LendingTree makes money by sharing your information and auto loan needs with its network of lenders. It may also get a commission when you ultimately choose a lender and sign a contract.

What are LendingTree auto loans?

LendingTree can connect you with lenders that offer different kinds of car loans. You may be able to get a loan for a new vehicle, for a used car or to refinance your current auto loan at a lower rate.

For new car loans, rates typically range from 2.29% to 3.99% and up to 84 months. Used car loans tend to come with slightly higher APRs. Some of these loans require a down payment.

What are the benefits of LendingTree auto loans?

  • One simple form. You won’t have to fill out multiple documents to get multiple offers.
  • A lot of options. LendingTree’s network could open up options you may not otherwise have considered.
  • Multiple financing types. Whether you’re looking to purchase a car or refinance an existing auto loans, LendingTree has offers available.

What to watch out for

LendingTree connects you to lenders by sharing the information you provide, including contact information, financial details and your car model.

  • Complaints about phone calls and emails. Even after you’ve accepted a loan offer through LendingTree, you may still receive phone calls and emails from lenders vying for your business.
  • Not all options are good options. Depending on your credit history, you may receive offers that aren’t competitive. You may want to compare car loans outside of LendingTree to get a full picture of what you might be eligible for.

Compare other lenders who may offer auto loans

Rates last updated June 22nd, 2018

Reveal your potential loan offers and rates

Answer two quick questions to filter the loan offers and get the best one for you.

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Unfortunately, none of the personal loan providers offer loans for that credit score. If you are in urgent need of a small loan, you might want to consider a short term loan.
Name Product Product Description Minimum Credit Score Max. Loan Amount APR
Best Egg Personal Loans
A prime lender with multiple repayment methods.
640
$35,000
5.99%–29.99% (fixed)
Upgrade Personal Loans*
Affordable loans with two simple repayment terms and no prepayment penalties.
620
$50,000
5.96%–35.97% (fixed)
LendingPoint Personal Loans
Get a personal loan with reasonable rates even if you have a fair credit score in the 600s.
600
$25,000
15.49%–34.99% (fixed)
Even Financial Personal Loans
Get connected to competitive loan offers instantly from top online consumer lenders.
580
$100,000
4.99%–35.99% (fixed)
SoFi Personal Loan Fixed Rate (with Autopay)
No fees. Multiple member perks such as community events and career coaching.
740
$100,000
6.199%-15.365% (fixed)
Monevo Personal Loans
Quickly compare multiple online lenders with competitive rates depending on your credit score.
580
$100,000
3.09%–35.99% (fixed)
Prosper
Borrow only what you need for debt consolidation, home improvements and more — with APRs based on overall creditworthiness.
640
$40,000
6.95%–35.99% (fixed)
Laurel Road Personal Loans
Get a personal loan with no application or origination fees and a rate discount for autopay.
680
$45,000
5.5%–11.74% (fixed)
FreedomPlus Personal Loans
Consolidate debt and more with these low-interest loans. Cosigners welcome.
640
$35,000
4.99%–29.99% (fixed)
LendingClub Personal Loan
A peer-to-peer lender offering fair rates based on your credit score.
660
$40,000
5.98%–35.89% (fixed)
CompareFirst Personal Loans
An easy-to-use loan connection service geared toward introducing first-time borrowers to affordable personal loans.
580
$50,000
2.99%–36% (fixed)
OneMain Financial Personal and Auto Loans
An established online and in-store lender with quick turnaround times. Poor credit is OK.
300
$30,000
16.05%–35.99%* (fixed)
NetCredit Personal Loan
Check eligibility in minutes and get a personalized quote without affecting your credit score.
550
$10,000
34%–155% (fixed)

Compare up to 4 providers

Am I eligible?

Eligibility requirements will vary by lender, but you typically must:

  • Be at least 18 years old.
  • Be a US resident.
  • Have good to excellent credit.
  • Finance an eligible vehicle based on the lender’s criteria.

What do I need to get started?

After you submit your information to LendingTree’s site, lenders will contact you with potential loan offers. According to LendingTree’s website, your lender will likely ask you for your:

  • Social Security number
  • Driver’s license
  • Most recent income tax return
  • Bank statements
  • Information about your employer
  • Information about the type of car you’re financing
  • Legal documentation of residency

The lender will review your information and approve or deny your request for an auto loan within several days to two weeks.

I got an auto loan from LendingTree. Now what?

  • Understand all terms and conditions before signing a contract. If you’re approved, carefully read the terms and conditions to confirm they match with what you originally agreed to with the lender. Make sure that you understand potential fees — like origination or early repayment fees — to avoid any surprises down the road.
  • Avoid unnecessary late payment penalties. Consider setting it up to ensure that you don’t miss a payment.

Bottom line

LendingTree could be a good fit for potential car buyers who want personalized offers through a streamlined process. However, some users complain about receiving calls and emails even after they’ve chosen a lender.

If you’re unsure about LendingTree, you can compare your options to find an auto loan that fits your specific needs.

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