Every year, car buyers take car loans that sum up close to billions of dollars. Hence, it’s extremely important that one finds an auto loan which best fits their unique needs.

Some of the best auto loans available in the country have great reviews, processing times, interest rates, customer support and resources, quick approvals, and loan kinds offered. Additionally, they have other factors that create an all-inclusive, wide-ranging list of the best possible options for auto loans.

Some of the best auto financing companies in the country are:

• Bank of America
  Bank of America or BOA offers its customers with all types of auto loans, including loans for lease buyouts and cars bought from private sellers. Currently, BOA offers interest rates as low as 3.39% for a brand-new car, 4.39% for a refinanced car, and 4.09% for a used car from a dealer.
• U.S. Bank
  Of all the big bank lenders, this one offers the best blend of  – consumer-friendly information, competitive interest rates, and options for loans. U.S. Bank also includes loans for buying used cars from private sellers, something that many big banks stay away from. Their auto-loan process is outlined in detail for its prospective customers and it also has a special green car discount program. This scheme reduces the interest rates for buyers choosing certain EPA-certified, fuel-efficient vehicles.
• LightStream
  An arm of SunTrust Banks, LightStream is a great option for those with great credit. LightStream’s rates begin at 3.34% APR for loans of 2-3 years with amounts ranging from USD 10,000–24,999. Depending on one’s credit, the portal offers both unsecured and secured loans, beating the offers from other lenders along with a guaranteed offer for unsatisfied customers.
• MyAutoLoan
  MyAutoLoan allows customers to be connected with loan lenders for all main kinds of loans, along with the added advantage of lease buyouts. The online marketplace has a nifty interest-rate estimator which helps customers get an idea of what they should expect to pay for a car loan based on the kind of loan, location, and credit score. It also features calculators which help customers estimate what they can borrow and what their payment will be for a specific loan amount.
• CarsDirect
  While it is best known as a car-buying portal, CarsDirect also provides the best auto loans and a broader range of customer-friendly information as compared to its competitors. This includes numerous articles on car loans and buying strategies, a trade-in value calculator, and a loan calculator. One doesn’t need a minimum or a maximum loan amount to apply for loans for certain kinds of cars, unlike most companies. The only possible downside here is that one may get incessant emails and calls from lenders.