
What’s the average car loan length?
Pick the shortest term length you can comfortably afford.
About the author
Rebecca Betterton, a Certified Financial Education Instructor℠, is a writer for Bankrate who has been reporting on auto loans since 2021. Through her writing, Rebecca aims to provide clarity and accessibility to the automotive loans industry as the cost of financing new and used vehicles continues to climb due to steep inflation.
She specializes in assisting readers in navigating the ins and outs of securely borrowing money to purchase a car, but recently widened her scope to cover personal loans and other debt topics. Prior to her time at Bankrate, she was a social media reporter and copywriter.
When Rebecca isn’t researching recent trends in personal finance, she is an avid runner and a lover of interior design.
Pick the shortest term length you can comfortably afford.
American Express offers personal loans to card members who qualify.
If you prefer to do business at a brick-and-mortar bank, TD Bank could be a good fit for your personal loan needs.
With a nationwide footprint and a large branch network, U.S Bank offers loan options for drivers buying new and used or those looking to refi their current loan
The option to apply in-person or online is a major perk to Valley Bank, but its loans are only available in some states.
PNC Bank is one of the biggest banks in the U.S., with more than 2,600 branches across the country.
More than your credit score gets considered when you apply to refinance your auto loan through Upstart.
Tenet offers auto loans and refinancing to drivers who are looking into or already have an EV.