Anyone who wishes to buy a new car typically has two options for payment. It is either a full cash payment or a car loan taken from auto finance lenders. While anybody would prefer to have enough cash on hand to make a full purchase, doing so is quite expensive. So, you need to turn to auto finance lenders. Additionally, taking a loan means you can opt for a better vehicle due to a bigger budget.

If you are planning to loan some money for a car any time soon, there is a sea of options you can look at before making a choice. You can look at lists of traditional lenders, online lenders or lenders that give loans to people with bad credit if that is your case. Here is a list of the best auto finance lenders you may want to consider:

1. myAutoloan
myAutoloan is among the auto finance lenders that offer a wide range of loan products. This makes it the ideal option if you are looking for something more than a simple car loan. For example, you can get a lease buyout, get a loan for a third party, or refinance an existing loan. myAutoloan also allows you to use several tools that can help you decide the best loan product for you. They offer a customized estimation of an interest rate that is calculated by your loan amount, zip code, category, and credit score. This information goes a long way in deciding how much should you spend on a car.

2. CarsDirect
CarsDirect is an auto finance lender that gives loans to people with all credit types. This makes them a one-stop shop for getting a car loan. They are a nearly 20-year old institution and have catered to around five million customers. You can finish the application process in as short as 60 seconds. After you have submitted your application, you will get multiple loan options. This works really well for some customers as they do not have to take extra effort in comparing different loan offers by filling out different loan applications.

3. LendingTree
LendingTree is an auto finance lender that lets you shop around and evaluate multiple car loan offers. You can find multiple options for used cars, new cars, lease buyouts, and refinancing of car loans. You can also get a pre-approval for the loan which means you can start looking for a car earlier. This gives you an idea of what your monetary constraints are and the amount you have to repay every month.

4. BlueSky Auto Finance
BlueSky Auto Finance does not serve as a direct auto finance lender; instead, it collates various suitable loan offers based on a single application. They have a long list of partnering lenders that provide loans to people with bad credit as well. This makes it more likely for you to find a suitable deal, especially if you have a minimum credit score of 550.