Our rating is based on a combination of expert staff and user ratings.
- One Of The Largest Auto Lending Companies In America
- Easy to Comparison Shop
- Not Good For Bad Credit
|APR||3.64% – 21.9%|
$5,000 – $100,000
36 to 72 months
Clearlane is an online auto loan marketplace powered by Ally Financial Inc., one of the largest auto financing companies in the country. Ally has nearly 100 years of experience and has more recently become a leader in digital financial services. Clearlane offers both auto refinancing loans and lease buyouts for its customers.
Since the required minimum credit score is 600 for an auto loan, Clearlane is suitable for those with fair credit at the very least. Clearlane has a soft pull credit inquiry, so you can check your score and fill out an application without impacting your credit score (although for final approval, a hard pull will be required). If you are comparison shopping, Clearlane offers a pre-qualification process so that you don’t have to give your Social Security Number right away but you can still see an idea of the APR rate you will get.
How to Qualify
Clearlane requires a minimum credit score of 600 and a minimum monthly income of $1,800. In order to qualify for an auto refinancing loan at Clearlane, your vehicle cannot be over 10 years old and can have no more than 100,000 miles on it. Clearlane is available in all states except for Nevada.
There is no application fee, but there is most likely a late fee, which will vary by lender.