Auto Loans
1 more
Last Updated: 04/18/2025
OneMain Financial Car Purchase Loans
Claimed
in Auto Loans from OneMain Financial
Last Updated: 04/18/2025
SuperMoney User Recommendation Score +44
Mostly recommended9 total votes
Explore a similar product
Try this top product in Auto Loans
Consumers CU Auto Loan
Strongly recommended8 reviews
Community Recommended Products
View AllSponsored
Strongly recommended8 Reviews
Learn MoreSponsored
Strongly recommended10 Reviews
Learn MoreSponsored
Mostly recommended7 Reviews
Learn MoreGet Competing Auto Loan Offers
Compare auto loan offers from multiple vetted lenders.
Discover your lowest eligible rate in minutes.
See how much you qualify for and what your monthly payment will be.
Get Personalized Rates
It's quick, easy, and won't hurt your credit score.
Highlights
Community Rating
Mostly recommended
Amount Range
$1,500 - $20,000
Disclaimer popup with additional information
APR (Fixed APR)
18% - 35.99%(Verified 06/21/2024)
Disclaimer popup with additional information
Credit Score Range
N/A
Loan Term (Months)
24 - 60
Disclaimer popup with additional information
Number of Reviews
OneMain Financial Car Purchase Loans Review
OneMain Financial Car Purchase Loans is offered by OneMain Financial, a direct lender founded in 1912 and based in Evansville, IN. OneMain Financial are available in 44 states.
OneMain Financial FAQ
How much can you borrow via OneMain Financial?
OneMain Financial loan amounts start at $1,500 and go up to $20,000.
What APR does OneMain Financial offer on its car loans?
OneMain Financial offers a fixed apr car loan product that ranges from 18% APR up to 35.99% APR.
Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.
What is the maximum auto loan term you can get with OneMain Financial?
OneMain Financial has car loans with terms ranging from 24 to 60 months. Having the option of longer terms -- some lenders offer terms that range up to 144 months -- allows borrowers to take on larger auto loan amounts while keeping monthly payments more affordable. However, the longer the term of your auto loan, the more interest you will pay.
Does OneMain Financial charge an origination fee?
Yes, OneMain Financial may charge a loan origination fee .
Does OneMain Financial charge a late fee?
Yes, OneMain Financial charges borrowers with a late payment penalty fee
Does OneMain Financial charge prepayment fees?
No, OneMain Financial will not charge you a fee for paying your loan early. Whenever possible choose lenders like OneMain Financial that don't charge a prepayment fee. These fees can reduce or even cancel the interest savings of repaying a loan early.
Can I pay off early my OneMain Financial loan?
Yes, you can. OneMain Financial does not charge a prepayment fee, so you can save money by paying your car loan early.
What do you need to qualify for OneMain Financial Car Purchase Loans?
OneMain Financial Car Purchase Loans does not require or does not disclose a credit score minimum. The minimum age to be eligible is 18 or the state minimum, whichever is higher. OneMain Financial Car Purchase Loans does not have or does not disclose a minimum annual income eligibility requirement. Note that borrowers can add a cosigner to either meet eligibility requirements or qualify for lower interest rates.
To qualify, applicants may need to provide the following documentation:
- Recent pay stubs
- Driver's license or other government photo ID
- Proof of citizenship or residence permit
What is the estimated funding time for a car loan via OneMain Financial?
OneMain Financial will typically fund the car loan within 1 business day of approval.Does OneMain Financial perform a hard credit pull?
Yes, OneMain Financial performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.
Is OneMain Financial a legit company?
OneMain Financial was founded in 1912, it is a well-established company that has been in business for 114 years. Based on their "mostly recommended" SuperMoney community rating, they seem to be a reputable company.
OneMain Financial Car Purchase Loans Disclosure: Not all applicants will be approved. Loan approval and actual loan terms depend on your ability to meet our credit standards (including a responsible credit history, sufficient income after monthly expenses, and availability of collateral). If approved, not all applicants will qualify for larger loan amounts or most favorable loan terms. Larger loan amounts require a first lien on a motor vehicle no more than ten years old, that meets our value requirements, titled in your name with valid insurance. Loan approval and actual loan terms depend on your state of residence and your ability to meet our credit standards (including a responsible credit history, sufficient income after monthly expenses, and availability of collateral). APRs are generally higher on loans not secured by a vehicle. Highly-qualified applicants may be offered higher loan amounts and/or lower APRs than those shown above. OneMain charges origination fees where allowed by law. Depending on the state where you open your loan, the origination fee may be either a flat amount or a percentage of your loan amount. Flat fee amounts vary by state, ranging from $25 to $500. Percentage-based fees vary by state ranging from 1% to 10% of your loan amount subject to certain state limits on the fee amount. Visit omf.com/loanfees for more information. Loan proceeds cannot be used for postsecondary educational expenses as defined by the CFPB’s Regulation Z such as college, university or vocational expense; for any business or commercial purpose; to purchase cryptocurrency assets, securities, derivatives or other speculative investments; or for gambling or illegal purposes.
Borrowers in these states are subject to these minimum loan sizes: Alabama: $2,100. California: $3,000. Georgia: Unless you are a present customer, $3,100 minimum loan amount. North Dakota: $2,000. Ohio: $2,000. Virginia: $2,600.
Borrowers (other than present customers) in these states are subject to these maximum unsecured loan sizes: North Carolina: $7,500. An unsecured loan is a loan which does not require you to provide collateral (such as a motor vehicle) to the lender.
Example Loan: A $6,000 loan with a 24.99% APR that is repayable in 60 monthly installments would have monthly payments of $176.07.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Message from OneMain Financial
Hours of Operation
Sunday
Closed
Monday
5:00AM - 5:00PM
Tuesday
5:00AM - 5:00PM
Wednesday
5:00AM - 5:00PM
Thursday
5:00AM - 5:00PM
Friday
5:00AM - 5:00PM
Saturday
Closed
Other Services by OneMain Financial
Credit Cards
1
9
10 Reviews
Personal Loans
10
6
25
41 Reviews
Budgeting Apps
Be the first to rate
Auto Loan Refinancing
Rating not yet determined (4 Reviews)
Community Recommended Products
View AllSponsored
Strongly recommended8 Reviews
Learn MoreSponsored
Strongly recommended10 Reviews
Learn MoreSponsored
Mostly recommended7 Reviews
Learn MoreSuperMoney Net Recommendation Score
SuperMoney users mostly recommend this product, giving it a user recommendation score of +44, or 3.9 on a 5-point rating scale.
+44
-1000+100
No one recommends
Everyone recommends
OneMain Financial Car Purchase Loans Community Reviews
Would you recommend OneMain Financial Car Purchase Loans to your friends?
RT
Randell T.
Aug 22, 2022
May or may not recommend
I have been getting pestered by Onemain for over 1 year. So I was at a point where I needed to get some funds to tide me over until my Heloc loan in January 2023. I supplied them with bank information, documents and ID etc.. Received a call saying I was qualitied for $8600. They asked that I send further documentation and did two "Hard Pulls" on my credit. I ...Show More
Idris A.
Aug 11, 2022
May or may not recommend
I got car loan offer from OneMain Financial Car Purchase which showroom suggested to apply. The rate of interest is 9.7% is fine.Everything was good to me so far and i am really satisfied with the service .
JH
Jaclyn H.
May 3, 2022
May or may not recommend
Has very high threshold to be approved for a loan even though it has a "wide range: of acceptability,
Amy H.
Feb 23, 2022
May or may not recommend
One Main was easy to work with and had great hours to help with customer service. This truly helped me. There was no penalty to pay off the loan early, which can sometimes be a problem with lenders.
KR
Kye R.
Nov 10, 2021
May or may not recommend
I got my first car loan here after buying my first car. While I was stressed because of everything going on in my life, I feel like they were super understanding and helped me review my options. My APR ended up not being too high for someone who had little to no credit history, which was a relief! I'm glad I found this company, I definitely would recommend.
MA
Moses A.
Jul 17, 2021
May or may not recommend
My experience with OneMain Financial Car Purchase Loans was amazing. The customer service was great. I visited the company to see my car loan options. The staff here gave me all the information I need. I ended up getting approved that same day.
SL
Serise L.
Jun 20, 2021
May or may not recommend
When you need a car, you need a car. Sometimes the need to purchase a car can't wait for things in our finances to be better. That's why I can understand an option like OneMain. I have used OneMain before and the process was very straightforward. However, the APR on the loan is really high for a car loan. If you can wait to clean up your credit a little, ...Show More
Anthony C.
Mar 15, 2021
May or may not recommend
I would recommend this loan auto company for getting your first used car. They gave me a decent rate and their qualification process in terms of credit is fair and less stringent. Customer service is just OK and average though,
AD
Ashely D.
Oct 11, 2020
May or may not recommend
I already had experience using OneMain for another personal loan so it was a very easy process when applying for a loan to purchase a vehicle. I was offered a special rate, with low APR since I had great payment history. The agents are always very professional and great at answering any questions that I have when I reach out. I definitely recommend if you need a loan to purchase ...Show More
Showing 9 of 9 reviews