Next, we’ll take a closer look at each of our top five recommendations for 72-month auto loans.
#1 myAutoloan: Best Low-Rate Option
Starting APR: 5.20% for 72-month auto loans
Loan amounts: $8,000 minimum for purchase loans and $5,000 minimum for refinancing
Loan terms: 12 to 84 months
Availability: 48 contiguous states
Minimum credit score: 575
MyAutoloan tops our list because it offers low rates on 72-month auto loans for borrowers with the best credit and works with a good range of credit scores. However, the company’s services aren’t available to people in Alaska or Hawaii. MyAutoloan has an A+ rating and accreditation from the Better Business Bureau (BBB).
MyAutoloan offers 72-month terms on several types of auto loans:
The company is an aggregator that works with a wide network of lending partners, from credit unions and banks to auto dealerships.
You can get up to four offers from one loan application and compare them at home. Once you get approved, you can walk into a dealership with your 72-month loan terms and bypass dealer financing if it isn’t a good deal.
#2 Autopay: Most Well-Rounded
Starting APR: 2.99%
Loan amounts: $2,500 to $100,000
Loan terms: 24 to 84 months
Availability: 50 states
Minimum credit score: 575
Autopay is another choice for good 72-month auto loan rates. The company offers terms between 24 and 84 months, and its rates start at 2.99% for borrowers with the best credit. Like myAutoloan, Autopay works with a large network of lenders. The company provides purchase loans, refinance loans, lease-buyout loans and cash-out refinancing.
Autopay has an A+ rating from the BBB. It also has a customer review rating of 4.5 out of 5.0 stars, which shows the majority of customers have positive experiences with the company. As you shop for 72-month auto loan rates, Autopay is a good option to have on your list.
#3 Consumers Credit Union: Most Flexible Terms
Starting APR: 6.39% for 72-month loans
Loan amounts: No minimum or maximum
Loan terms: Up to 84 months
Availability: 50 states
Minimum credit score: 640
You may have other credit unions in your area, but Consumers Credit Union is one you can join from anywhere. It offers terms up to 84 months long. The credit union’s rates for 72-month loans start at 5.64% for 2021 or newer vehicles, and its rates are higher for used vehicles and those older than the 2021 model year.
Consumers Credit Union has an A+ rating from the BBB and has been accredited since 2012. In addition to auto loans, it offers a car-buying service powered by TrueCar. You can shop models in your area and get member discounts off of the manufacturer’s suggested retail price (MSRP).
#4 PenFed Credit Union: Most Cohesive Process
Starting APR: 6.14% for 72-month loans
Loan amounts: $500 to $150,000
Loan terms: 36 to 84 months
Availability: 50 states
Minimum credit score: 610
PenFed Credit Union is another credit union that accepts members from across the country. Its 72-month auto loan rates start at 5.84%, but it offers discounted rates for using its car-buying service. With excellent credit, you could find a 72-month rate as low as 5.59% by using the car-buying service.
PenFed has an A+ rating from the BBB. However, the credit union does have a higher credit score requirement than some of the other options on our list, so fewer people will qualify. If you have a good or excellent credit score, we recommend adding PenFed to your list as you shop around.
#5 Bank of America: Top Choice for Bad Credit
Starting APR: 6.19%
Loan amounts: $6,000 minimum for purchase loans
Loan terms: 48 to 72 months
Availability: 50 states
Minimum credit score: Not listed
Bank of America offers rates as low as 5.39% for its auto loans, though you may find higher rates for a 72-month car loan. With Bank of America, you get the security of a multinational organization with branches across the globe. Bank of America has an A+ rating and accreditation from the BBB.
The bank offers new car loans for dealerships and private purchases as well as refinance and lease-buyout loans. If you’re a member of its Preferred Rewards program, you could save up to 0.5% on your APR on a 72-month auto loan with Bank of America.
