Investopedia found Bank of America to be the best overall auto lender. With reasonable rates (especially for used cars) and welcoming features, like acceptance of cars up to 10 years old, it scored better than 15 other lenders. BofA is a great place to start car shopping, but check our other picks to find options for a variety of circumstances.
Investopedia’s full-time research and editorial teams collected nearly 1,000 data points on 16 auto lenders from November 2024 into February 2025. Lenders were evaluated based on their loan costs, terms, requirements, and customer satisfaction, among other factors. Each lender was objectively scored and ranked to determine the best picks below.
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