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Compare Top Financial Providers Side-by-Side

MyAutoLoan vs. Carvana Comparison

Compare providers side-by-side, allowing for easy comparison of features, rates, and terms. The comparison tool encourages individuals to thoroughly review all aspects of each service before making a smart financial decision.

Overview
Car Loans

MyAutoLoan

Competitive Rates on Auto and Motorcycle Loans

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Carvana

Transparent Process with No Application Fees

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Overview

Car Loans

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Car Loans

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Car Loans

Good For

Up to 4 Offers in Minutes

Good For

Hassle-Free Online Car Loans

APR

5.90-29.90%

APR

7.90-27.90%

Repayment terms

24-84

Repayment terms

36-72 months

Min Credit Score

575

Min Credit Score

300

Loan Amount

$5K-$100K

Loan Amount

$1K-$100K

Lender Type

Marketplace

Lender Type

Marketplace

Prepayment Fee

None

Prepayment Fee

None

Refinance APR

Min 3.6%

Refinance APR

Soft Credit Pull

Yes

Soft Credit Pull

Yes

Pros

Competitive interest rates
Accept credit scores of at least 575
Very efficient application process
Good range of loan options

Pros

Simple overall experience
No minimum credit score, good for those with bad credit
No application fees, origination fees, or prepayment penalties
Prequalified terms last 45 days, giving you time to decide
Allows for a co-signer
7-days money back guarantee

Cons

An $8,000 minimum loan for new cars
Restrictions on certain vehicles
No support for Hawaii and Alaska residents

Cons

Only finances vehicles sold on Carvana
High interest rates if you have bad credit