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Auto Loans

Competitive rates on new and used vehicles.


  • Rate discount with Auto Debit
  • Same-day decisions
Call 1-800-COMPASS
  • Overview
  • Rates
  • How Auto Loans Work

New and Used Auto Loans

At BBVA Compass, everything you need to save time and money on your next auto loan comes standard.


  • Fixed Interest Rate

    Your interest rate will never change for the life of your loan, which means your payment amount or due date won’t change either.
  • A Loan on Your Terms

    Choose a term you’re comfortable with, from 12 to 72 months*. Flexible terms let you think a little bigger when car shopping, or think about paying off your car a little faster.
  • No Pre-Payment Penalties

    Unlike other auto loans, there are no unexpected fees for paying off your loan early. Just the expected feeling of satisfaction when receiving your title.
  • Pay Your Way

    You can make payments online, by mail, at your neighborhood branch or have them automatically debited from your BBVA Compass account with AutoPay.
  • Minimum Loan Size

    Minimum loan amount is $5,000, with loans of $20,000 or more with great interest rates. Whatever your loan size, your car is a big part of your life, which is why BBVA Compass is so big on customer service.

Get Rates

A lower rate can reduce your monthly payment and the total you pay for your car. Tell us your region to see our competitive rates for new and used vehicles.

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How Auto Loans Work

Know the steps to getting the right auto loan.

You’re thinking about buying a car. Whether the vehicle you want is new or used, your first automobile or your tenth, it pays to thoroughly understand the auto loan process and your options before you buy. That way, you put yourself in position to get the best loan for the car you want.

Let’s walk through the steps briefly.

1. Decide how much you want to borrow.

Be realistic about what you can afford. Factor in:

  • The price of the car you want
  • How much you plan to pay as a down payment
  • The trade-in value of your current vehicle, if you plan to trade it in or sell it

2. Decide the length of the loan.

Terms generally range from 12 to 72 months*. You can pay off your car faster with a low interest rate or more gradually with lower monthly payments. Consider how taking a Manufacturers Rebate, for example, instead of 0% financing can save money in the long run.

3. Shop around.

Many people finance their cars through a dealership, but, sometimes, you can get a better deal through a bank. It pays to compare rates before you agree to any auto loan. Some banks, including BBVA Compass offer discounts if you have a checking account with them and you auto pay your loan from the checking account.

4. Be armed with your credit score.

The better your credit score is, the better interest rate you can get. A good credit score leaves you more room to negotiate the terms of your loan.

As you make progress in your search for the right auto loan, consider these tips:

  • You likely will want a fixed interest rate so that your payment amount and interest will never change.
  • If you want the flexibility to pay off your auto loan sooner than your contract ends, find a loan with no pre-payment penalties. Otherwise, you might be charged fees for paying your loan early.
  • Some banks, including BBVA Compass, offer safety features in their auto loans. If you’re suddenly facing a job loss or disability, these features can protect you and your family.

Be smart and carefully consider your options before you apply for any auto loan. If you’ve done your homework, you’ll navigate the process smoothly.