While purchasing a car is exciting, it can also be overwhelming, especially when it comes to financing. Finding the right car loan rate is crucial, as it can significantly impact the overall cost of your car.

To help you make an informed decision, we have compiled a list of the top 10 car loan rates to consider in 2023.

Pen Fed Credit Union

Pen Fed Credit Union offers some of the lowest car loan rates in the market, with rates starting at 1.39%. They also have a wide range of loan terms and flexible payment options.

Capital One

Capital One offers competitive car loan rates starting at 2.99%. They also have a pre-qualification process that allows you to check your rate without affecting your credit score.

Bank of America

Bank of America offers car loan rates starting at 2.24%. They also have a range of loan terms, and you can get a 0.25% discount on your rate if you have a Bank of America checking account.

Light Stream

Light Stream offers car loan rates starting at 1.79%, making them one of the lowest in the market. They also offer same-day funding and a rate beat program where they will beat any qualifying rate from another lender.

Wells Fargo

Wells Fargo offers car loan rates starting at 3.99%. They also have a range of loan terms, and you can get a 0.25% discount on your rate if you have a Wells Fargo checking account.

Navy Federal Credit Union

Navy Federal Credit Union offers car loan rates starting at 1.79%. They also offer flexible payment options, including the option to skip a payment once a year.

USAA

USAA offers car loan rates starting at 2.89%. They also have a range of loan terms and flexible payment options, including the option to defer your first payment for up to 60 days.

Alliant Credit Union

Alliant Credit Union offers car loan rates starting at 1.99%. They also offer a range of loan terms and flexible payment options.

State Farm Bank

State Farm Bank offers car loan rates starting at 2.14%. They also offer a range of loan terms and a discount for State Farm customers.

TD Bank

TD Bank offers car loan rates starting at 3.79%. They also have a range of loan terms and flexible payment options, including the option to make extra payments without any penalty.

In conclusion, finding the right car loan rate can make a significant difference in the overall cost of your car. We recommend comparing rates from multiple lenders and choosing the one that offers the best terms and conditions for your needs. Good luck with your car purchase!