Advertising
Progressive is best known as one of America’s largest insurance providers, but through its Progressive Auto Finance resources, the company connects customers with trusted lenders and financing partners to make the car-buying process simpler.
Instead of directly issuing loans, Progressive offers a platform where borrowers can compare rates, terms, and approvals across multiple lenders, ensuring they find the option that best suits their financial needs.
This partnership-based model makes Progressive a convenient choice for drivers who want flexibility, comparison shopping, and the backing of a nationally recognized financial brand.
-
+ Access to Multiple Lenders+
Expand your choices instead of being locked into a single lender.
-
+ Prequalification Made Easy+
Check eligibility without impacting your credit score.
-
+ Insurance Bundling+
Pair financing with Progressive insurance for added value.
-
+ Flexible Loan Options+
Finance new cars, used vehicles, or refinance an existing loan.
Top Auto Loan Options in the U.S.
Bank of America Auto Loans: Strong APRs and wide accessibility.
Chase Auto Loans: Dealer-based support and loyalty discounts.
Capital One Auto Loans: Prequalification tools with Auto Navigator.
PNC Auto Loans: Trusted nationwide bank with refinancing options.
Progressive Auto Loans: A marketplace approach, offering lender comparisons with added insurance convenience.
Traditional Bank Loans
Secure but less flexible in shopping comparisons.
Progressive Advantage
Borrowers can shop multiple lenders through one platform.
Credit Unions
Often low rates, but require membership.
Online Lenders
Fast approvals, but Progressive stands out by combining financing with insurance solutions.
Buy Here Pay Here
Easier approvals but at higher costs than Progressive’s network.
How Auto Loans Affect Credit & Finances
Using Progressive’s platform to secure an auto loan can have a direct impact on your credit profile.
When you prequalify, Progressive uses a soft credit inquiry, meaning your score is not affected.
This allows borrowers to shop confidently and compare rates across lenders without damaging their credit.
Once you finalize your loan, your lender will perform a hard credit check, which temporarily lowers your score but is necessary for approval.
Over time, consistent, on-time payments will strengthen your credit history and improve your financial standing, opening the door to better loan products in the future.
Progressive also emphasizes financial awareness by allowing you to compare multiple offers in one place.
Instead of applying separately with several lenders—which could result in multiple credit checks—you streamline the process, helping protect your credit while still accessing competitive rates.
You will stay on our website.
