car loan marketplace review December 2018 | car loans review

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If your credit score is at least 550, streamline your search with this online car loan marketplace.’s rating: 3.8 / 5.0


Chances are you’ve gotten a loan to purchase a car before. But what if you totaled your car and quickly needed another to get to work? Or if you want to get a better loan now at more competitive rates? It certainly wouldn’t leave you much time to make an informed comparison.

Rather than spend weeks looking for, comparing and deciding on a car loan, you could cut the whole process down to a couple of days with an online marketplace like

We take a closer look at’s wide-ranging options to see who the service is best for and potential drawbacks.

Product Car Loans
Min Loan Amount$8,000
Max. Loan Amount$100,000
APR3.54% (As low as)
Interest Rate TypeVariable
Minimum Loan Term2 years
Maximum Loan Term7 years
RequirementsMust have a Social Security number; make $24,000+/year; have no open bankruptcies.
  • Be at least 18 years old or apply jointly with someone over 18.
  • Make at least $2,000 a month or $24,000 a year.
  • Have no open bankruptcies.
  • Have a valid Social Security number.
  • Live in any of the 48 US states except Alaska or Hawaii.
  • Have not applied for the same type of loan with in the past 31 days.
  • Used cars must have less than 100,000 miles on it and be no more than 8 years old.

Car loan APR ranges change daily. Your actual APR offers may be different depending on your credit qualifications.

First, do I qualify?

To get a car loan with, you must:

  • Be at least 18 years old or apply jointly with someone over 18.
  • Make at least $2,000 a month or $24,000 a year.
  • Have no open bankruptcies.
  • Have a valid Social Security number.
  • Live in any of the 48 US states except Alaska or Hawaii.
  • Have not applied for the same type of loan with in the past 31 days.

Applicants with a credit score of 550 or greater have a better chance of qualifying.

What makes unique? isn’t a direct lender. Rather it’s an online marketplace that connects people looking for high-amount car loan with lenders that fit your criteria. It’s designed to guide you through a car loan search by helping you find, compare and eventually choose a lender. offers options to those with fair credit or better. You’re better positioned for a loan with favorable terms if you have a credit score above 550.

You can get almost any standard type of car financing with — except leases. These include:

  • New car loans. Find a standard fixed-term loan for a new car directly from the dealership through
  • Used car loans. Pay less when looking for a used car. Not too used, though — offers used-car financing through dealerships only and on lower-mileage cars of 125,000 miles or less.
  • Car loan refinancing. Save money by replacing your current loan with a new one offering lower rates.
  • Lease buyouts. Leasing a car you’d like to buy? With, you can take out a loan to cover the cost.
  • Private-party car loans. Get financing to buy a car from an individual with a private-party — or person-to-person — loan. offers financing for cars of up to 100,000 miles.

What are the benefits of getting a car loan from

  • Many loan options. You’ll find a loan for nearly every borrowing need, with the exception of auto leases.
  • No fees. makes its money from lenders in its network, making services free for borrowers.
  • Easy application. It takes only a few minutes to fill out the online application.
  • Quick turnaround. You could start getting loan offers seconds after you submit your info.

What to watch out for

Although doesn’t charge you a fee for its connection service, it makes its money through lender partnerships — a common practice for these types of sites. It charges dealerships and financial institutions a fee for every potential customer it sends their way, limiting your best offer to those from its networked lenders only.

Other drawbacks of borrowing through include:

  • High minimum loans. You must take out at least $8,000 to get a loan through If you’re looking to purchase a used car, for example, that costs less than $8,000 you’ll have to look elsewhere.
  • Hard credit checks possible. Hard pulls on your credit can temporarily lower your credit score, affecting unrelated loan applications in the near future.
  • Limited customer service. If you need support, you’ll have to email your questions and wait for a reply.
  • Marketing after applying. Users complain about offers and ads from auto lenders, sometimes long after they’ve taken out a loan. You can opt out, but it’s not always obvious how.
  • Offers expire after 30 days. You have a limited time to make comparisons, which could push you into a less-informed decision.

Compare more car loan options

Rates last updated December 19th, 2018

Reveal your potential loan offers and rates

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

Select your credit score range

I don't know my credit score

Finally, select where you live.

To get your credit score:

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Experian is a leading provider of personal and business credit reporting. Find out your FICO score now for less than the cost of a cup of coffee.

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 Min. Credit Score Term of Loan Requirements Car Loans
Apply with a simple online application to get paired with a local auto lender. No credit and bad credit accepted.
Varies by lender
Must be a US citizen with a current US address and employed full-time or have guaranteed fixed income.
Auto Credit Express Car Loans
Get connected with an auto lender near you, even if you have bad credit.
Typically 3 to 6 years
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.
LightStream Auto Loans
Quick car loans from $5,000 to $100,000 with competitive rates for borrowers with strong credit.
Good to excellent credit
Flexible terms
Good or excellent credit, enough income or assets to afford a new loan, US citizen or permanent resident, 18+ years old
RateGenius Auto Loan Refinance
Connect with a network of over 150 lenders to refinance your car loan.
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%
LendingClub Auto Refinancing
Lower your monthly car payments and save on interest through a fast and easy online application process.
Fair or better credit
Minimum of 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.
MotoRefi Car Loan Refinancing
A car loan connection service for borrowers looking to refinance.
1–6 years
Must have an income of at least $2,000/month and have a vehicle with less than 100,000 miles.
LendingTree Auto Loans
Compare multiple financing options for auto refinance, new car purchase, used car purchase and lease buy out.
Good to excellent credit
Typically 1 to 7 years
Must be a US citizen and 18+ years old. Must have good to excellent credit.

Compare up to 4 providers

Is it safe to use

Yes, uses trusted technology to encrypt your personal and financial information when you apply online. Communication between and its lenders are also encrypted.

But be aware that financing marketplaces work in part by giving your information to lenders. You may want to consider a different type of financing service if this doesn’t sit well with you to have your information shared for marketing purposes.

How’s its online reputation?

It’s accredited by the Better Business Bureau with an A+ rating. With 400 user reviews on Trustpilot, 74% rate the service “Excellent.” The average company rating is 8.8 out of 10.

Many reviewers complimented’s customer service, though some were unhappy with the lenders they were ultimately connected to. makes an effort to respond to customer reviews, a sign that they might be more receptive to helping out customers when something goes wrong. Other reviewers were very satisfied with the rates they received and the seamlessness of the whole process.

How do I apply?

It’s quick and simple to be fit with a loan through Here’s what you have to do:

  1. Click the Go to site button on this page and select the offer you’re interested in. Indicate whether you’re applying alone or jointly with another person, and then click Continue.

    application, step one example image
  2. Complete the Loan/Finance Form with your personal contact and employment details.
    application, step two example image
  3. Carefully read and indicate that you understand the electronic records, prequalification and state-specific disclosures, among other policies and disclosures. If you agree with’s terms, click Submit.

application, step three example image
You could be connected with up to four lenders after you apply. Compare your offers and choose the best one for your needs. There’s a chance your lender will ask you to submit additional documentation and information before giving you a final decision. The whole process typically takes about a day or two.

What documents do I need to apply?

You won’t need to provide documents to initially apply with But the lender you’re ultimately connected with will generally ask for:

  • A copy of your driver’s license. Make sure it’s up to date and lists your current address.
  • Proof of car insurance. Lenders might want to see your auto insurance card.
    Personal references. You might be asked to provide the contact information for a friend, relative or acquaintance willing to give you a referral.
  • Your pay stubs. Lenders use this to verify how much you earn annually.

I got a car loan through Now what?

Time to start making repayments. See if you can set up autopay with your lender to make sure you don’t miss any payments — some also offer slight discounts for customers with autopay.

Be sure you set it up with an account that will have enough money to make the payment is due. Otherwise, you could be slapped with a nonsufficient funds fee.

I didn’t find a dealer. What can I do?

You have a couple of options: You can continue to look by applying with other online marketplaces or you can conduct the search on your own.

It’s helpful to figure out why your attempt to find a car loan through was unsuccessful. Were you unable to find a dealer that was willing to give you good rates? Did you have a specific car in mind but couldn’t find financing for it? Use this information to guide you through the next phase of your search.

Bottom line

If you need car financing fast, could help. It cuts down on looking for, comparing and choosing a lender — but your options are limited to only those in its network.

Although it appears to offer loans even for people with bad credit, applicants with credit scores above 550 have a better chance of approval. Having an even higher credit score might get you the best loan rates and terms.

Before deciding on a lender or connection service, make sure to compare your car loan options to find the best one for you.

Frequently asked questions

Loan ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

We analyze top loan providers and rate them one to five stars based on factors that are most important to you. These factors include: rates and fees, customer reviews, loan amounts, loan processing and borrower experience.

Read the full methodology of how we rate loan providers.

Anna Serio

Anna Serio is a staff writer untangling everything you need to know about personal loans, including student, car and business loans. She spent five years living in Beirut, where she was a news editor for The Daily Star and hung out with a lot of cats. She loves to eat, travel and save money.

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