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Find the Best Car Loans in Denver, CO

Purchasing a car is a difficult decision, especially if you’re getting an auto loan. Your credit score, the amount borrowed and the length of your term determine your total loan cost, and it’s important to find a loan that suits your needs. We researched the best car loans in Denver to help find the best rates and lowest cost for your vehicle purchase.

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    Compare Top Mortgage Lenders

    #1 OUR FAVORITE
    LightStream
    • Funds deposited directly to your account
    • Loans from $5,000 - $100,000
    • Visit website for customer service
    • Available in Denver

    Loans for practically anything!

    Location
    Services available in
    Denver, CO
    No phone available
    Read More
    #2
    Auto Approve
    • Individual loan consultants
    • Online loan calculator
    • Apply online
    • Available in Denver
    Location
    Services available in
    Denver, CO
    (844) 946-7334
    Read More
    #3
    LendingTree
    Overall satisfaction rating
    • Read lender reviews from other consumers
    • Compare rates from multiple lenders
    • Available in Denver
    • Compare prices & coverage

    This online broker allows consumers and businesses to request and compare customized loan offers from a network of more than 350 lenders, banks and credit partners. The company's lender network offers a wide range of financial products including mortgages.

    Location
    Services available in
    Denver, CO
    (800) 555-8733
    Read More
    #4
    myAutoloan.com
    • Online payment available
    • Find your perfect lender
    • Available in Denver
    • Interest rate calculator online
    Location
    Services available in
    Denver, CO
    (214) 540-3350
    Read More
    #5
    Capital One
    • Check your loan status online
    • Available in Denver
    • Over 12,000 eligible dealers
    • Auto loan calculators available
    Location
    Services available in
    Denver, CO
    (800) 689-1789
    Read More
    Credit Union of Colorado
    • M-F: 9am - 5:30pm
    • Sat: 9am - 1pm
    • Closed Sun
    • cuofco.org/personal/vehicle-loans
    Location
    7541 E. Iliff Ave.
    Denver, CO 80231
    (800) 444-4816
    Ent Credit Union
    • M-T: 8am - 4:30pm
    • W: 9am - 4:30pm
    • Th-F: 8am - 4:30pm
    • Closed Sat and Sun
    Location
    707 17th St., Ste. 120
    Denver, CO 80201
    (719) 574-1100
    Denver Community Credit Union
    • M: 9am - 6pm
    • T-F: 9am - 5pm
    • Sat: 9am - 1pm
    • Closed Sun
    Location
    1075 Acoma St.
    Denver, CO 80204
    (303) 573-1170
    Credit Union of Denver
    • M-Th: 9:30am - 5pm
    • F: 9am - 4:30pm
    • Closed Sat and Sun
    • cudenver.com/car-loans
    Location
    900 Auraria Pkwy., Ste. 263
    Denver, CO 80204
    (303) 234-1700
    BBVA Compass Bank
    • M-F: 9am - 5pm
    • Closed Sat and Sun
    • bbvacompass.com/loans/auto.html
    Location
    999 18th St.
    Denver, CO 80202
    (303) 308-9912

    How to get an auto loan in Denver

    skyline

    Many companies provide car loans — it’s a good idea to check with more than one lender before choosing one. Know your budget, the interest rates you qualify for and the various term lengths offered by lenders.

    Car loans are available from:

    • Banks
    • Credit unions
    • Online lenders
    • Auto dealerships

    Most banks, credit unions and online lenders in Denver offer loan pre-approval, which allows you to arrange financing before shopping for a new car. Getting a pre-approval for a loan can be a great benefit that lets you:

    • Set a budget before shopping
    • Compare several loan offers
    • Negotiate for a vehicle as a cash buyer
    • Shop for cars at multiple dealerships

    Applying for loans with two or three lenders creates competition for your business and lets you choose the loan with the most favorable terms.

    What credit score is needed for a car loan in Denver?

    Your credit score is a critical factor in qualifying for loans and receiving a low annual percentage rate (APR). New car rates in Denver run from 2 to 5 percent for car buyers with excellent credit. Denver residents with bad credit receive rates that are generally between 12 to 18 percent.

    Learning your credit score before applying for loans lets you know what APR you can expect from lenders.

    Should I make a down payment?

    A down payment can significantly increase your chance to be approved while lowering your APR. Sometimes lenders set a maximum loan amount, so a down payment helps if the amount you need is higher than what the lender approves. A more significant down payment also reduces your monthly payments and the length of your loan.

    What loan terms are available in Denver?

    Most car loans last between 36 and 60 months, though some lenders offer loans with terms up to 84 months. Extended loan terms lower your monthly payments but increase the overall cost of the loan because of additional accrued interest.

    What additionals fees and expenses can I expect?

    Expect a few additional fees from your lender or the car dealership, including documentation fees. You also need to pay title and registration fees, state sales tax and insurance costs. Make sure your loan amount is high enough to cover the cost of the car as well as additional upfront costs.

    How do I qualify for a car loan with bad credit?

    Many online lenders specialize in working with Denver residents who have bad credit or no credit history. Making a more substantial down payment helps you qualify for a loan, but expect to pay a higher APR. If you’re working to improve your credit score and can wait to purchase a vehicle, you can save thousands of dollars.

    Having a friend or relative with strong credit co-sign the loan lets you use their credit for a better APR, but your co-signer is responsible for the loan if you default. Most lenders let you refinance your loan after six months to a year if your credit improves and you qualify for a better APR.

    Car Loans Reviews

    LightStream

    LightStream is the online, consumer-lending division of SunTrust Bank. LightStream offers low, fixed-rate auto loans and guarantees to beat any qualifying rate offered by a competitor. The company provides loans for new and used cars as well as refinancing options. Denver customers appreciate the website’s easy-to-use interface.

    LightStream

    Auto Approve

    Auto Approve provides auto loan refinancing to help Denver residents lower their interest rates and monthly car payments. Auto Approve works with loan consultants and is part of a network of banks, finance companies and credit unions. Denver customers say the company’s representatives are friendly and knowledgeable.

    Auto Approve

    LendingTree

    LendingTree is an online loan broker that connects customers with lenders, banks and other financial partners to provide rate comparisons. The company offers online tools and resources, including lender reviews and loan calculators. Reviews from Denver praise the site for its straightforward comparison tools and multiple options.

    LendingTree

    myAutoloan.com

    myAutoloan.com is an online-based auto financing company that matches you with lenders. MyAutoloan.com provides new and used car loans, lease buyout loans and refinancing options. The company sends you up to four loan offers within minutes. Denver customers say the company helped them find a better rate on their car loan.

    myAutoloan.com

    Capital One

    Capital One provides auto financing for new and used cars. The bank also offers an Auto Navigator feature that helps car buyers find vehicles for sale at dealerships that accept pre-qualification from Capital One. The company’s website has a variety of tools and features. Denver car buyers appreciated the simple application process.

    Capital One