LendingTree Auto Loans review June 2019 | finder.com

LendingTree auto loans service review

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  • Clicking Go to site will take you to your Online Application on the product issuer's website. You do not need to be an existing customer of this provider to apply.
  • Your application will typically take you no more than 10-15 minutes to complete.
  • Conditional approval will typically happen within 1 business day after submitting your application. In many cases, you will have your funds within a week.
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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
APRStarting at 2.29%
Interest Rate TypeFixed
Requirements18+ years old, good to excellent credit, US citizen
Go to LendingTree, LLC's website

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 more auto loan providers

Updated June 20th, 2019
Name Product Filter Values Minimum Credit Score Loan Term Requirements
300
Varies by lender
Must be a US citizen with a current US address and employed full-time or have guaranteed fixed income.
Apply with a simple online application to get paired with a local auto lender. No credit and bad credit accepted.
600
Varies by lender
Fair to excellent credit, an income source, US citizen or permanent resident, 18+ years old
Find an offer and get rates from competing lenders without affecting your credit score.
300
Varies by lender
Must be employed full-time or have guaranteed fixed income of at least $1,500/month and be a current resident of the US or Canada.
Get connected with an auto lender near you, even if you have bad credit.
Good to excellent credit
2 to 7 years
Good or excellent credit, enough income or assets to afford a new loan, US citizen or permanent resident, 18+ years old
Quick car loans from $5,000 to $100,000 with competitive rates for borrowers with strong credit.
Fair or better credit
From 2 years
Car must be less than 10 years old with fewer than 120,000 miles. Current loan must have a balance between $5,000 and $55,000 and at least 24 months left in its term.
Lower your monthly car payments and save on interest through a fast and easy online application process.
510
Varies
Income of $2,000+/month, vehicle has less than 150,000 miles and is no older than 8 years, loan balance is between $10,000 and $100,000, debt-to-income ratio is less than 50%
Connect with a network of over 150 lenders to refinance your car loan.
Good to excellent credit
Varies by lender
18+ years old, good to excellent credit, US citizen
Compare multiple financing options for auto refinance, new car purchase, used car purchase and lease buy out.

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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2 Responses

  1. Default Gravatar
    KeishaFebruary 3, 2019

    How are funds for auto loan received once approved

    • Avatarfinder Customer Care
      ValFebruary 6, 2019Staff

      Hi Keisha,

      Thank you for leaving a question. The entire application, approval, and funding process typically takes about 7 days. In some cases, it may take a little longer. You can check the status of your loan by signing in to your account. Once your loan is approved and backed by investors, your loan is electronically deposited into your bank account.

      Hope this helps.

      Regards,
      Val

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