1. Home
  2. Car Loans

Find the Best Car Loans in West Palm Beach, FL

Getting a good rate on an auto loan could save you thousands of dollars. We researched the best car loans in West Palm Beach to help steer you in the right direction.

Take an Extended Auto Warranty Quiz

Get matched with an Accredited Partner

Compare Top Mortgage Lenders

LightStream
  • Apply online
  • Loans from $5,000 - $100,000
  • Deposits funds directly to your account
  • Available in West Palm Beach

Loans for practically anything!

Location
Services available in
West Palm Beach, FL
No phone available
Read More
Auto Approve
  • Individual loan consultants
  • Online loan calculator
  • Apply online
  • Available in West Palm Beach
Location
Services available in
West Palm Beach, FL
(844) 946-7334
Read More
LendingTree
Overall satisfaction rating
  • Read lender reviews from other consumers
  • Compare rates from multiple lenders
  • Available in West Palm Beach
  • Online auto loan calculator

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.

Get a Quote Read More
myAutoloan.com
  • Online payment available
  • Find your perfect lender
  • Available in West Palm Beach
  • Interest rate calculator online
Location
Services available in
West Palm Beach, FL
(214) 540-3350
Read More
Capital One
  • Check your loan status online
  • Available in West Palm Beach
  • Over 12,000 eligible dealers
  • Auto loan calculators available
Location
Services available in
West Palm Beach, FL
(800) 689-1789
Read More
Gold Coast Federal Credit Union
  • M-T: 9am - 5pm
  • W: 10am - 4pm
  • Th-F: 9am - 5pm
  • Closed Sat and Sun
Location
2226 S. Congress Ave.
West Palm Beach, FL 33406
(561) 965-1000
Guardians Credit Union
  • M-Th: 10am - 5pm
  • F: 9am - 6pm
  • Closed Sat and Sun
  • guardianscu.coop
Location
3469 Summit Blvd.
West Palm Beach, FL 33406
(561) 686-4006
Tropical Financial Credit Union
  • M-Th: 9am - 5pm
  • F: 9am - 6pm
  • Sat: 9am - 1pm
  • Closed Sun
Location
6786 Okeechobee Blvd.
West Palm Beach, FL 33411
(888) 261-8328
SunTrust Bank
  • M-Th: 9am - 4pm
  • F: 9am - 5pm
  • Closed Sat and Sun
  • suntrust.com
Location
501 S. Flagler Dr.
West Palm Beach, FL 33401
(561) 838-5110
First Choice Credit Union
  • M-T: 9am - 5pm
  • W: 10am - 5pm
  • Th: 9am - 5pm
  • F: 9am - 5:30pm
Location
1055 S. Congress Ave.
West Palm Beach, FL 33406
(561) 641-0100
Town of Palm Beach Federal Credit Union
  • M-T: 10am - 4:30pm
  • W-Th: 10am - 2pm
  • F: 10am - 4:30pm
  • Closed Sat and Sun
Location
951 Okeechobee Rd., Ste. B
West Palm Beach, FL 33401
(561) 655-4282
Chase Bank
  • M-F: 9am - 6pm
  • Sat: 9am - 2pm
  • Closed Sun
  • autofinance.chase.com
Location
1325 N. Congress Ave.
West Palm Beach, NV 33401
(561) 640-4521

How to get an auto loan in West Palm Beach

West Palm Beach skyline

In 2017, 100 million Americans had car loans. By 2019, Americans owed over $1 trillion on those loans. Buyers purchased 85 percent of new cars with financing as well as over half of used cars (56 percent).

If you need an auto loan in West Palm Beach, remember that you’re not just shopping for a car, you should be shopping for financing as well.

How to choose an auto loan in West Palm Beach

Check your credit score because it can substantially influence the rates you receive. A high score, over 800, could keep rates low and interest payments to a minimum, but a low score, under 670, could have you paying several times as much interest over the course of your loan. In addition to your credit score, lenders in West Palm Beach take into account your income, active bankruptcies, debt history and whether you have a co-signer.

Whether you’re financing from a bank, credit union, online lender or dealership, you’ll need to apply for your loan and see if you qualify. If you qualify, make sure the offer has acceptable conditions before signing.

The two most important details of your loan are the term and APR because they affect how much money you end up paying back to your lender.

Your loan term is the payment schedule for your loan, and it usually ranges from 36 to 72 months with some loans going much longer.

Your annual percentage rate (APR) combines the interest and fees to show how much you’re paying for the loan. APR typically ranges from 3 percent to 10 percent, though it can be higher for borrowers with bad credit.

There are a few ways you can make sure you get the best possible deal on your next car loan in West Palm Beach:

  • Don’t always trust dealerships: Car buyers typically pay an extra $20 billion a year due to dealers marking up interest rates on the loans they broker.
  • Get preapproved: Preapproval means that a bank, credit union or online lender has agreed to finance an auto loan for you up to a certain amount, which allows you to shop around for loan terms and can give you more bargaining power at the dealership.
  • Make a significant down payment: Consider putting up to 20 percent down on the vehicle to reduce the amount of your loan and potentially lower your APR.
  • Watch out for hidden fees: If you do decide to go through a dealership, beware of paying for things you don’t need.

Getting an auto loan with bad credit in West Palm Beach

If you are purchasing a car with a lower credit rating, be careful. Qualifying for a loan in South Florida at a traditional lender may be difficult, and loans offered by smaller buy-here-pay-here lots can be prohibitively expensive in the long term due to bad rates.

You can improve your loan by getting a co-signer with good credit, refinancing your loan if your credit gets better or simply waiting to borrow until your credit improves.

Car Loans Reviews

LightStream

LightStream is an auto loan provider that focuses on offering ultra-fast, flexible loan terms to highly-qualified borrowers with solid credit. Reviewers were pleased with its no-nonsense approach to lending and its willingness to work with clients. However, negative reviews often focused on their frustration at being turned down for loans despite above-average qualifications.

LightStream

Auto Approve

Auto Approve is a specialty lender that focuses on offering refinancing deals. Due to this specialization, they’ve earned many positive reviews complimenting their quick response, easy process, solid customer service and favorable terms. Some negative reviews pointed to a less desirable experience and their inability to make particular financing terms work for a client.

Auto Approve

LendingTree

LendingTree is a marketplace to compare providers and lock in the best rate for your car loan. As such, it’s positively reviewed for its wide variety of plans and options, flexible qualifications and rapid turnaround on loans, sometimes as fast as 24 hours.

LendingTree Get a Quote

myAutoloan.com

MyAutoLoan is a brokerage site that shows you loan offers from a wide variety of dealers and financial institutions, often giving you a pre-approved loan on the same day you apply. Reviewers were pleased with the simplicity of their approval process and rapid turnaround on loans, while some expressed frustration that they couldn’t use their loans at independent dealerships.

myAutoloan.com

Capital One

Capital One provides everything from credit cards to insurance and auto loans. Unfortunately, reviewers were generally negative on their auto-loan offerings—citing everything from poor performance with refinancing deals to frustration with pre-approved offers that later changed.

Capital One