Car loans in Virginia

Dealership financing is convenient — but it likely won't be the most competitive option. Start with local Virginian banks and credit unions, along with national lenders, to find the best rates.

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Compare car loans available in Virginia

To browse lenders you could qualify for, select your credit score range and Virginia. Then click Show me my personalized options.

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Name	Product	Filter Values	Minimum credit score	APR	Loan term	Requirements
Carvana			No minimum credit score	3.9% to 27.9%	Varies	18+ years old, annual income of $4,000+, no active bankruptcies	Get pre-qualified for used car financing and receive competitive, personalized rates.	See your rate More Info	Compare	loading Fetching your data…
car.Loan.com Car Loans			300	Varies by network lender	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.	See your rate More Info	Compare	loading Fetching your data…
CarsDirect auto loans				Varies by network lender	Varies by network lender	Must provide proof of income, proof of residence, and proof of insurance.	Save time and effort with this lending service specializing in beginner-friendly or subprime car loan.	See your rate More Info	Compare	loading Fetching your data…
Auto Credit Express Car Loans			300	Varies	Varies	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.	See your rate More Info	Compare	loading Fetching your data…
Monevo Auto Loans			500	3.99% to 35.99%	3 months to 12 years	Credit score of 500+, legal US resident and ages 18+.	Quickly compare multiple online lenders with competitive rates depending on your credit.	See your rate More Info	Compare	loading Fetching your data…
LendingTree			Good to excellent credit	Starting at 3.09%	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.	See your rate More Info	Compare	loading Fetching your data…
myAutoloan.com Car Loans			550	1.79% to 27%		550+ credit score, no open bankruptcies, $24,000+ annual income, US citizen or permanent resident, 18+ years old	Get up to four offers in minutes through one simple application. Multiple financing types available including new cars, used cars and refinancing.	See your rate More Info	Compare	loading Fetching your data…

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Getting approved for an auto-loan in Virginia

Virginia doesn't have specific laws or guidelines for lenders or borrowers. In most cases, you can start the application process online, over the phone or at a lender's office. But the exact options will depend on the lender you choose to work with.

You'll then need to submit some basic personal information about yourself so a lender can run a credit check and determine if you're eligible. If you're approved for financing, you'll most likely have up to 30 days to shop for a car at a dealership. Review your loan documents carefully and note the full cost of your loan.

If you aren't approved, the lender should provide details about why it rejected your application.

Banks and credit unions in Virginia that offer auto loans

While local banks and credit unions typically offer the best rates for car loans, many require you to be a member or have an account to borrow. And they often don't disclose terms until after you apply, which can make it hard to compare them to other lenders.

Bottom line

Larger banks like Bank of America and online lenders like RoadLoans also offer car loans to Virginia residents. Before you visit the dealership, explore the full range of car loan options available to you so you can get the best deal on financing for your next ride.