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Best Auto Loans and Financing of February 2025

The article from CNBC Select outlines the best car loan options available for consumers looking to finance a new or used vehicle. It highlights several top lenders including myAutoloan for its wide range of loan options and competitive rates, Consumers Credit Union for its low rates and flexible terms, AutoPay for those with less-than-perfect credit, and Bank of America for its relationship discounts and comprehensive services. The article provides insights into the advantages of each lender, such as prequalification without impacting credit scores, refinancing options, and the ability to shop for rates from multiple lenders through platforms like myAutoloan. It also discusses key considerations when choosing a car loan, like interest rates, loan terms, credit score requirements, and the importance of understanding the total cost of the loan including fees and penalties. Additionally, the piece offers tips on how to get the best car loan rates, emphasizing the importance of a good credit score, shopping around, and considering the full financial implications of the loan term length.

Read the Full CNBC Article at:
[ https://www.cnbc.com/select/best-car-loans/ ]