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Find the Best Car Loans in Nashville, TN

Nashville’s public transit system is lackluster, and the majority of residents own at least one vehicle so they can get around the city conveniently. If you don’t have the funds to buy a car outright, a car loan covers the cost. We reviewed the top car loans in Nashville to help you find the right lender.

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    Compare Top Mortgage Lenders

    #1 MOST POPULAR
    LightStream
    • Visit website for service
    • Same-day funding available
    • Loan amounts from $5,000 - $100,000
    • Available in Nashville

    Loans for practically anything!

    Location
    Services available in
    Nashville, TN
    Read More
    #2
    Auto Approve
    • Online loan calculator
    • Application approval in minutes
    • Work with an individual loan consultant
    • Available in Nashville
    Location
    Services available in
    Nashville, TN
    (844) 946-7334
    Read More
    #3
    LendingTree
    Overall satisfaction rating
    • Use the online auto loan calculator
    • Compare rates from multiple lenders
    • Available in Nashville
    • Compare prices & coverage

    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.

    Location
    Services available in
    Nashville, TN
    (800) 555-8733
    Read More
    #4
    myAutoloan.com
    • Interest rate calculator available online
    • Lenders that fit your needs
    • Available in Nashville
    • Online payment calculator available
    Location
    Services available in
    Nashville, TN
    (214) 540-3350
    Read More
    #5
    Capital One
    • Check the status of your loan online
    • Available in Nashville
    • Over 12,000 eligible dealers
    • Pre-qualify online
    Location
    Services available in
    Nashville, TN
    (877) 383-4802
    Read More
    Cornerstone Financial Credit Union
    • M-F: 9am - 5pm
    • Closed Sat and Sun
    • bankcfcu.org
    Location
    1701 21st Ave. S.
    Nashville, TN 37212
    (615) 385-6866
    First Federal Bank
    • M-Th: 9am - 4pm
    • F: 8am - 6pm
    • Sat: 8am - 1pm
    • Closed Sun
    Location
    2070 Fairview Blvd.
    Fairview, TN 37062
    (615) 799-2225
    Old Hickory Credit Union
    • M-Th: 8am - 4pm
    • F: 8am - 5pm
    • Closed Sun
    • ohcu.org
    Location
    1000 Industrial Dr.
    Old Hickory, TN 37138
    (615) 847-4043
    The Tennessee Credit Union
    • M-Th: 8:30am - 5pm
    • F: 8:30am - 6pm
    • Closed Sat and Sun
    • ttcu.org
    Location
    1400 8th Ave. S.
    Nashville, TN 37203
    (615) 244-1910
    Bank of America Financial Center
    • M-Th: 9am - 4pm
    • F: 9 - 5pm
    • Sat: 9am - 1pm
    • Closed Sun
    Location
    6602 Charlotte Pike
    Nashville, TN 37209
    (615) 925-3808
    OneMain Financial
    • M: 8:30am - 5:30pm
    • T: 8:30am - 7pm
    • W-F: 8:30am - 5:30pm
    • Closed Sat and Sun
    Location
    63 E. Thompson Ln., Ste. 114
    Nashville, TN 37211
    (615) 834-4980
    Nashville Auto Loan Center
    • Hours unavailable
    • autoloansnashville.com
    Location
    1825 21st Ave. S.
    Nashville, TN 37212
    (615) 490-0520

    How to get an auto loan in Nashville

    Nashville skyline

    Music City residents have multiple options when it comes to obtaining a car loan. Numerous places around the city will work with you to fund the purchase of your next vehicle, including credit unions, banks, online lenders and car dealerships.

    While it’s not required, getting pre-approved for a car loan offers several advantages throughout the buying process, such as:

    • Letting you decide your monthly payments before purchasing a car
    • Knowing what types of vehicles you can afford
    • Giving you leverage while negotiating car prices and fees

    Getting a car loan in Nashville

    Lenders have different requirements for qualifying for a car loan, but most require personal and financial information to show you can pay back the loan. Some things lenders may look at include:

    • Credit score
    • Income
    • Previous loans
    • Outstanding debts
    • Spending habits

    Your credit score heavily influences the annual percentage rate (APR) of your loan, so it’s a good idea to check your credit score before applying. Nashville residents with credit scores lower than 580 usually receive APRs in the mid-to-high teens, while people with excellent credit scores typically pay 3 to 5 percent.

    When applying for a loan, you'll also choose a repayment term. Most car dealerships and credit unions offer car loans of up to five years, although some lenders have six- and seven-year loans. Shorter loans incur less interest and are cheaper overall but have higher monthly payments.

    You can also choose how much you plan on paying upfront as a down payment. A more substantial down payment reduces the total you owe on the car, letting you shorten the term of your loan or make lower monthly payments.

    Other expenses when purchasing a car in Nashville

    When deciding the amount of your loan and how much you can spend on a car, be sure to account for additional fees or costs. In addition to any fees charged by your dealership, you need to have money on hand for car insurance, state registration fees and the vehicle’s sales tax. In Tennessee, certain situations may qualify you to be exempt from paying state sales tax.

    Getting a car loan with bad credit in Nashville

    If you have bad credit, there are still ways to obtain a car loan. First, ask a trusted relative or friend if they will co-sign your loan. This alleviates some of the risks for the lender, but your co-signer is responsible for your loan if you default. Some institutions, such as online lenders, work with those who have less than desirable credit scores.

    Car Loans Reviews

    LightStream

    LightStream is the online lending division of SunTrust Banks. Their website allows approved customers to select a funding date, and the company can deposit funds into your account on the same day. Customers can receive loans for $5,000 to $100,000. Nashville customer reviews praise the easy-to-understand and rapid approval process.

    LightStream

    Auto Approve

    Auto Approve enables customers to refinance their car loans for lower interest rates by applying instantly on the company’s website. The company has a wide network of lenders across the country, enabling customers to receive the best loan for their needs. Reviews from Kansas City discuss fast service and knowledgeable representatives.

    Auto Approve

    LendingTree

    LendingTree is an online lending platform that allows interested customers to compare auto loans from multiple lenders. The free service offers tools such as payment calculators, lender reviews and the most recent deals on cars. Nashville customers appreciate the helpful staff, but some users report spam calls after using the company’s comparison tools.

    LendingTree

    myAutoloan.com

    myAutoLoan.com enables visitors to compare up to four offers at once on loans for new or used cars. Customers can use the interest rate estimator and payment calculator tools to identify the best car loan for their needs. Nashville customers praise the smooth application process, but some note a lack of communication from lenders.

    myAutoloan.com

    Capital One

    Capital One customers can accomplish a lot using the company’s car loan tools. Nashville customers can search for new and used cars, get pre-qualified for loans, use auto loan calculators and research eligible dealers all from one platform. Local reviewers appreciate the website’s easy-to-use features, but some users say they received lower rates elsewhere.

    Capital One