Best Private-Party Auto Loans: Where to Look

Here are six lenders that do, along with what they’re good at and what to watch out for.

**LightStream**

Best for people with good credit who want a fast, online-only process. There are no restrictions on vehicle age or mileage, and you get a rate discount for setting up autopay. The downside: no prequalification or formal preapproval.

**MyAutoloan**

This is a marketplace that lets you compare offers from multiple lenders. Many partners let you check rates with a soft credit pull, so your score won’t take a hit. You can apply online and add a co-signer. Not available in Hawaii or Alaska, and some lenders might pass along fees.

**Alliant Credit Union**

Alliant offers credit union rates and an online car-buying service that could lower the price. No mileage restrictions and autopay discounts. But you have to become a member, and there’s no soft-check prequalification.

**PenFed Credit Union**

PenFed gives you both soft-check prequalification and hard-check preapproval. They also have an online car-buying service and a low minimum loan amount. You need to be a member, and there’s no co-signer option or autopay discount.

**Digital Federal Credit Union (DCU)**

DCU is good for antique or high-mileage cars. They offer rate discounts for electric vehicles and for having other accounts with them. Customer support is available 24/7. Membership is required, no soft prequalification, and no co-signers.

**Navy Federal Credit Union**

For military members, veterans, and their families. They offer rate discounts for active-duty and retired members, allow co-signers, and have no limits on vehicle age or mileage. But you need to be a member, there’s no soft prequalification, and late payments have no grace period.