Find the best deals near you by comparing real prices and researching makes and models.
Access data on what others paid and get loan info tailored to your budget.
Use Progressive’s tools to estimate costs and explore loan prequalification.
Get a Progressive auto insurance quote instantly and bundle it with your financing.
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What Is the Progressive Car Shopping Tool?+
It’s a research platform (often powered by partners like TrueCar) that lets you explore prices on new and used cars, see what others paid, access upfront pricing, and browse a wide range of certified dealer listings.
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How Can I Prepare for Auto Financing with Progressive?+
Progressive offers educational content through resources like “Progressive Answers” to help you understand key loan concepts such as APR, loan terms, and down payments — making it easier to compare financing options and make informed choices.
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Can I Get Auto Insurance Through Progressive After Financing?+
Yes! After securing your vehicle and financing, you can get a quote with Progressive in minutes — either online or by phone. Many drivers can even start their policy right away or easily add the new car to an existing plan.
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How Can the Car Shopping Tool Help Me Negotiate a Better Price?+
By showing what other buyers paid and providing upfront quotes from certified dealers, Progressive’s tool gives you solid data to negotiate confidently and avoid overpaying for your next car.
Getting a car shouldn’t be stressful. Whether you’re buying new, used, or refinancing, Progressive makes auto financing simple by connecting you to a network of trusted loan providers. Known for its insurance products, Progressive also gives drivers access to competitive auto loan offers with transparency, convenience, and flexibility. With just one application, you can compare quotes from lenders like LendingTree, AutoPay, and others.
Why Choose Progressive for Auto Financing?
While Progressive doesn’t directly finance vehicles, it works with top lending partners to bring you:
- Access to multiple lenders in one place, increasing approval chances
- Soft credit checks for prequalification, protecting your score
- Private party purchase support — not just dealer financing
- Options for refinancing and lease buyouts
- Loan terms up to 72 months, with choices to match your budget
- Rates starting from 4.29% APR, depending on credit score and state
Progressive’s approach saves time and helps you avoid the hassle of applying at multiple banks separately. It’s especially useful for drivers with mid-range credit scores, freelancers, and those who want to explore multiple offers without damaging their credit.
Available Auto Loan Types
Progressive’s lending partners support:
- Standard Auto Loans – Buy new or used vehicles from authorized dealerships
- Private Party Loans – Purchase from individual sellers with secured financing
- Refinancing – Reduce interest rates or extend loan terms to lower payments
- Lease Buyout Loans – Transition from leasing to ownership without surprises
Each loan type comes with fixed monthly payments and flexible terms, making it easy to plan your budget.
Comparison Table – Progressive vs Banks
| Feature | Progressive Partners | Bank of America | Capital One |
|---|---|---|---|
| APR (starting) | 4.29% | 5.09% | 5.29% |
| Private Seller Support | Yes | No | Yes |
| Prequalification Type | Soft Pull | Hard Pull | Soft Pull |
| Max Loan Term | 72 months | 60 months | 60 months |
Real Loan Simulation
Vehicle Price: $22,000
Down Payment: $4,400 (20%)
Loan Amount: $17,600
Term: 60 months
APR: 4.89%
Estimated Monthly Payment: ~$331
This simulation assumes a borrower with a credit score of 700+ and steady employment. Progressive also supports self-employed applicants with alternate income documentation such as 1099 forms or bank statements. Lower credit scores may qualify with a higher down payment or a co-signer.
What Makes Progressive Stand Out?
- Compare real-time offers from multiple lenders in minutes
- No pressure or hard inquiry during the pre-approval phase
- Designed for all types of borrowers, including gig workers and freelancers
- Access to refinancing tools to lower current monthly car payments
- Combine Progressive insurance and financing for potential extra savings
- User-friendly online platform that guides you through each step
Want to boost your chances of approval or qualify with a lower score?
Go to Page 2 for expert tips and hidden strategies to get better rates and faster approval!
Want to improve your approval odds and save more on interest? See our next page for expert tips.
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