Auto Loans Price Guide
with quote request!
DISCLOSURE: We respect your privacy and want to make sure you are aware of a few things. By clicking above to complete and submit the form, you authorize ResourceNation / Business.com and up to six companies in each category that you request to call you at the number you provided, including any mobile numbers, and that you understand that they may use automated phone technology to call you. You are not required to submit the form as a condition of any purchase.
Auto Loans Tips
Finding auto loans that meet your needs can be a time consuming process. The mistake that most people make is getting a car loan at the dealership. What most people don't realize is that this kind of automobile loan has higher interest rates than average. The reasons for this is that these auto loans are sold indirectly. The dealership is not selling the auto loans, they are simply acting as an intermediary with a financial company that is selling the car loan.
Your history of car credit may make it impossible for you to get a loan from the dealership in the first place. A much better option is to embark in "direct lending," which is when you take out a car credit loan directly from a lender. One of the best places to find an automobile loan is online. This is because auto loans that are sold online are sold by businesses who have fewer operating expenses. The cost of running a lending company online is lower. It is also easier to compare prices online.
One of the biggest advantages of a direct loan is the fact that you are pre-approved for the loan before you actually start looking for the car itself. This can be very helpful during the negotiating process, because you already know exactly how much you can spend on a vehicle, and the salesman can't try to sell you on something more expensive. It's ironic that most people spend a great deal of time trying to find the best deal on a car, when they don't do the same with the loan itself, even though the loan is what they will actually be paying for.