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  1. United States
  2. Best Car Loans
  3. Car Loans in Tennessee
  4. Memphis

Best Car Loans in Memphis

Memphis Car Loans stats: Key insights from this page’s listings Updated
Businesses listed
6
Average rating
4.0 462 reviews
Typical service price
$2,550 – $8,000 Median of 12 priced services
Most-offered services
Vehicle SalesVehicle MaintenancePurchase ProcessingInsurance AssistanceVehicle Servicing
What customers praise
recommend×44helped me×20very helpful×18highly recommend×15
Car financingMemphis, TN

1

DriveTime Used Cars

DriveTime’s in-house financing model offers flexible options tailored to a wide range of credit situations, making car buying more accessible. Their large inventory of used cars, trucks, vans, and SUVs pairs with an online application process that personalizes loan terms. Customers often highlight the team’s patience and helpful communication throughout the experience.

Services & Prices
New Vehicle Sales $20000 - $30000
Used Vehicle Sales $10000 - $20000
Trade-In Services $5000 - $15000
Loan Application Assistance $0
View Profile
(901) 800-4190
Closed Now
6535 Winchester Rd, Memphis, TN 38115, USA
General Services
Vehicle Sales
2

Car Choice of Memphis

Car Choice of Memphis specializes in helping customers with all credit types secure financing for used vehicles, often with low down payments and quick approvals. The team assists with shopping and purchasing, and many appreciate their friendly, transparent service. Some buyers note the cars are sold “as is” without warranties, so it’s important to review terms carefully.

Services & Prices
Used Cars $1000 - $5000
New Cars $20000 - $40000
Financing Options Varies based on the loan terms
Check-ups $50 - $100
View Profile
(870) 933-6601
Closed Now
2514 Mt Moriah Rd, Memphis, TN 38115, USA
General Services
Vehicle Sales
3

Mt. Moriah Auto Sales

Mt. Moriah Auto Sales specializes in helping customers with all credit backgrounds, including those with bad credit, by offering guaranteed credit approval and financing options. Their inventory includes a wide variety of used vehicles such as sedans, coupes, vans, and trucks. While some customers appreciate the transparency and quick service, others have raised concerns about communication and… more...

Mt. Moriah Auto Sales specializes in helping customers with all credit backgrounds, including those with bad credit, by offering guaranteed credit approval and financing options. Their inventory includes a wide variety of used vehicles such as sedans, coupes, vans, and trucks. While some customers appreciate the transparency and quick service, others have raised concerns about communication and professionalism.

Services & Prices
Used Vehicle Sales $10000 - $25000
Luxury Vehicle Sales $30000 - $60000
Vehicle Trade-in $2000 - $15000
Basic Maintenance $50 - $150
View Profile
(901) 368-5505
Closed Now
2571 Mt Moriah Rd, Memphis, TN 38115, USA
General Services
Vehicle Sales
4

No Worries Automotive Group - Memphis

No Worries Automotive Group offers used car financing with no credit checks or driver’s license required, along with a 30-month/30,000-mile extended service contract. The team helps customers find vehicles priced to fit various budgets, with an online showroom available for browsing. While some appreciate the quick process, others note concerns about customer service and payment handling.

Services & Prices
Used Cars $5000 - $15000
Leasing Options $300 - $500/month
Trade-in Appraisals $1000 - $5000
Routine Oil Change $30 - $50
View Profile
(901) 791-2523
Closed Now
3643 Summer Ave, Memphis, TN 38122, USA
General Services
Vehicle Sales
5

Streamline Auto Smart

Known for working closely with customers to find financing that fits their needs, Streamline Auto Smart offers a wide selection of quality used vehicles, including lease returns and new car trades. The team is praised for patient, helpful service, though some buyers note the process can take time.

Services & Prices
Used Car Sales $5000 - $15000
Financing Options $0 - $500
Trade-In Evaluations $0 - $1000
Basic Repairs $100 - $1000
View Profile
(901) 235-8845
Closed Now
2558 Mt Moriah Rd, Memphis, TN 38115, USA
General Services
Vehicle Sales
Where they are 6 on the map Click a pin for the profile and directions
6

Peck Daniel Auto Sales

Known for fair and open transactions since 1977, Peck Daniel Auto Sales helps customers find used vehicles both locally and nationwide. Their financing specialists work to secure favorable loan options, even when others can’t. While many appreciate the helpful staff and quality cars, some note occasional delays with paperwork and vehicle condition.

Services & Prices
Used Car Sales $5000 - $15000
Certified Pre-Owned Vehicles $10000 - $25000
Vehicle Trade-In Variable based on vehicle condition
Custom Search for Specific Models $0 - $200
View Profile
(901) 365-0760
Closed Now
2600 Mt Moriah Rd, Memphis, TN 38115, USA
General Services
Car Sales

Latest reviews of Memphis Car Loans

Written on TrustAnalytica by clients of the businesses in this list
  • Louis

    Great place to buy a vehicle. I have been buying cars from Tim for the last 20 years all of good quality and very dependable. I can personally say if your dream car is not on the lot; Tim can get it.

Memphis Car Buyer Statistics

Household income and car ownership in Memphis, TN, 2020–2024 (latest Census data)

The median household in Memphis, TN earns $51,736 a year, compared with $69,595 across Tennessee, according to the U.S. Census Bureau’s American Community Survey (2020–2024). Households here own 1.54 vehicles on average, 10% have no car, and 87% of workers drive to work.

Median household income
$51,736TN $69,595
Vehicles per household
1.54TN 1.98
Households without a car
10%26,049 households
Drive to work
87%TN 84%
Households with one car
45%
Households with two or more cars
45%
Vehicles owned by residents
390,566
Average commute
21.1 minutes

Source: U.S. Census Bureau, American Community Survey 5-year estimates, 2020–2024 data (tables B08201, B25046, B25044, B08301, B08303, B08013, B19013), compiled by TrustAnalytica. Figures are survey estimates with margins of error.

Memphis Car Loans stats: 6 businesses compared side by side · updated
# Business Rating Reviews Starting price Phone Website
1 DriveTime Used Cars 4.8 100 $50 (901) 800-4190 Visit
2 Car Choice of Memphis 4.2 101 $50 (870) 933-6601 Visit
3 Mt. Moriah Auto Sales 3.5 100 $50 (901) 368-5505 Visit
4 No Worries Automotive Group - Memphis 2.5 98 $20 (901) 791-2523 Visit
5 Streamline Auto Smart 4.6 33 $25 (901) 235-8845 Visit
6 Peck Daniel Auto Sales 4.3 30 $200 (901) 365-0760 Visit

Frequently asked questions

8 questions
How do I choose the best car loans in Memphis?
Consider customer reviews, ratings on Google and TrustAnalytica, review volume, and if the business has claimed its profile. TrustAnalytica ranks using these factors.
What questions should I ask before choosing a car loan in Memphis?
Ask about interest rates, loan terms, fees, early repayment penalties, and required documentation. Confirm their customer service reputation through reviews.
Are free consultations common for car loans in Memphis?
Yes, many car loan providers offer free consultations to discuss loan options and terms before you commit.
What services do car loan providers in Memphis handle?
Car loan providers offer loan application processing, interest rate negotiation, and financial advice on purchasing vehicles.
Do I need a car loan to buy a car in Memphis?
A car loan is not mandatory but is a common method to finance a vehicle purchase if you lack upfront cash.
How long does it take to get approved for a car loan in Memphis?
Approval times vary; some lenders offer same-day approval, while others may take a few business days.
How do interest rates for car loans work in Tennessee?
Interest rates depend on credit score, loan term, and lender policies. Rates are typically fixed or variable.
What are typical fees associated with car loans in Memphis?
Common fees include origination fees, late payment penalties, and prepayment penalties. Always review the loan agreement for details.

Our Methodology

Best 10 car financing list assembly and recognition by TrustAnalytica for Memphis is based on online reputation backed by review sources as google reviews, TrustAnalytica reviews and more.

We choose the best companies in the location and rank them based on rating, quantity of reviews and verification (Claimed or unclaimed profile).

Rankings are frequently updated to reflect the latest reviews from trusted sources.

Profile verification is free and may improve ranking, as we prioritize accurate, up-to-date profiles that are actively maintained and regularly reviewed.

TrustAnalytica's procedure for listing car financing companies involves manual research, review and placement. Please note that some companies are placed here through their registration with our services as every company gets not only access to our Saas services but also a profile that gets listed. We evaluate businesses based on their online reputation, accessibility, online resources such as website and their fit for best 10 car financing category.

The Process

1

Business Verification

Verified car financing listings in Memphis are based on robust online activity and Google reviews, ensuring credibility.

2

Business Details

Comprehensive car financing profiles offer vital details for informed decisions in Memphis.

3

Reviews And Ratings

Real-time customer ratings guide our car financing rankings in Memphis, reflecting genuine reputation.

4

SEO And Keywords

Our SEO strategy elevates the visibility of top car financing providers in Memphis.

5

AI Search Visibility

Every car financing listing in Memphis is published with structured data that AI search tools like ChatGPT, Perplexity and Google AI Overviews can read and cite.